Zacks Investment Research downgraded Newcastle Investment Corp. (NYSE:NCT) to Sell in a report released today.
- Updated: September 15, 2016
Zacks Investment Research has downgraded Newcastle Investment Corp.(NYSE:NCT) to Sell in a statement released on Friday September 16 2016.
Just yesterday Newcastle Investment Corp. (NYSE:NCT) traded 0.44% higher at $4.52. Newcastle Investment Corp.’s 50-day average is $4.63 and its two hundred day moving average is $4.44. With the last stock price up 2.20% relative to the 200-day average, compared to the S&P 500 Index which has decreased -0.01% over the same time. Volume of trade was was down over the average, with 121,683 shares of NCT changing hands under the typical 226,870 shares..
Newcastle Investment Corp. has a 52 week low of $2.55 and a 52 week high of $5.23 with a PE ratio of 4. NCT’s market capitalization is presently $0.0.
General Company Details For Newcastle Investment Corp. (NYSE:NCT)
Newcastle Investment Corp. (Newcastle) is a real estate investment trust (REIT). The Company focuses on investing in, and managing, a range of real estate related and other investments. The Company’s segments include debt investments financed with collateralized debt obligations (CDOs), other debt investments (Other Debt), investment in golf properties and facilities (Golf) and corporate. The Company invests in real estate related debt and golf related real estate and operations. The Company’s golf business includes approximately 90 properties in the United States that the Company leases, owns or manages. The Company’s investment portfolio includes debt investments, such as commercial assets, residential assets, corporate assets, and other investments, and such as golf investment. The Company is externally managed and advised by an affiliate of Fortress Investment Group LLC (Fortress) (the Manager).
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