Newcastle Investment Corp. Declares Quarterly Dividend of $0.10 (NCT)
Newcastle Investment Corp. (NYSE:NCT) announced a quarterly dividend on Friday, June 13th, AnalystRatings.Net reports. Shareholders of record on Tuesday, June 24th will be paid a dividend of 0.10 per share on Thursday, July 31st. This represents a $0.40 annualized dividend and a dividend yield of 8.18%.
On a related note, analysts at Compass Point cut their price target on shares of Newcastle Investment Corp. from $6.75 to $5.25 in a research note on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating and one has assigned a hold rating to the company’s stock. Newcastle Investment Corp. has a consensus rating of “Hold” and an average price target of $5.26.
Shares of Newcastle Investment Corp. (NYSE:NCT) traded up 1.24% on Friday, hitting $4.89. The stock had a trading volume of 1,518,406 shares. Newcastle Investment Corp. has a 52-week low of $3.9496 and a 52-week high of $5.03. The stock has a 50-day moving average of $4.68 and a 200-day moving average of $4.69. The company has a market cap of $1.719 billion and a price-to-earnings ratio of 13.16.
Newcastle Investment Corp. (NYSE:NCT) last posted its quarterly earnings results on Friday, May 2nd. The company reported $0.09 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.09. The company had revenue of $121.63 million for the quarter, compared to the consensus estimate of $10.00 million. During the same quarter in the prior year, the company posted $0.21 earnings per share.
Newcastle Investment Corp. (NYSE:NCT) is a real estate investment and finance company.
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