Last $13.41 USD
Change Today -0.01 / -0.07%
Volume 1.4M
NCT On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 6:40 PM 08/28/14 All times are local (Market data is delayed by at least 15 minutes).

newcastle investment corp (NCT) Snapshot

Open
$13.37
Previous Close
$13.42
Day High
$13.44
Day Low
$13.24
52 Week High
06/16/14 - $15.42
52 Week Low
08/14/14 - $12.99
Market Cap
2.0B
Average Volume 10 Days
2.3M
EPS TTM
$0.24
Shares Outstanding
147.2M
EX-Date
06/20/14
P/E TM
55.9x
Dividend
$1.20
Dividend Yield
8.95%
Current Stock Chart for NEWCASTLE INVESTMENT CORP (NCT)

newcastle investment corp (NCT) Related Businessweek News

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newcastle investment corp (NCT) Details

Newcastle Investment Corp. operates as a real estate investment trust (REIT) in the United States. The company invests in and manages real estate related and other investments, including senior housing properties; debt investments financed with collateralized debt obligations; other debt investments; and investments in golf courses and facilities. It also invests in securities, including commercial mortgage backed securities, senior unsecured debt issued by property REITs, and real estate related asset backed securities, as well as in loans, such as real estate related and other loans, including corporate bank loans, commercial mortgage loans, residential mortgage loans, manufactured housing loans, and subprime mortgage loans. The company qualifies as a REIT for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Newcastle Investment Corp. was founded in 1998 and is based in New York, New York.

9,442 Employees
Last Reported Date: 03/3/14
Founded in 1998

newcastle investment corp (NCT) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

newcastle investment corp (NCT) Key Developments

Newcastle Investment Seeks Acquisitions

Newcastle Investment Corp. (NYSE:NCT) is looking for acquisition opportunities. Newcastle intends to use the net proceeds from the offering primarily to acquire senior housing properties.

Newcastle Investment Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Month Ended June 30, 2014

Newcastle Investment Corp. reported unaudited consolidated earnings results for the second quarter and six month ended June 30, 2014. For the second quarter, the company reported net interest income expense was $4,012,000 compared with net interest income was $40,826,000 for the same period in the last year. Total operating revenue was $143,646,000 compared with $14,013,000 for the same period in the last year. Income from continuing operations before income tax was $32,441,000 compared with $28,142,000 for the same period in the last year. Income from continuing operations was $32,441,000 compared with $28,142,000 for the same period in the last year. Income applicable to common shareholders was $31,029,000 compared with $52,328,000 for the same period in the last year. Diluted net income per share was $0.09 compared with $0.20 for the same period in the last year. GAAP book value was $2.08. Core earnings was $30 million. Core earnings per basic share were $0.09. Total impairment was $1,526,000 compared with $3,201,000 for the same period in the last year. For the six months, the company reported net interest income was $6,585,000 compared with $79,448,000 for the same period in the last year. Total operating revenue was $265,275,000 compared with $27,513,000 for the same period in the last year. Income from continuing operations before income tax was $43,204,000 compared with $56,007,000 for the same period in the last year. Income from continuing operations was $42,369,000 compared with $56,007,000 for the same period in the last year. Income applicable to common shareholders was $34,918,000 compared with $88,946,000 for the same period in the last year. Diluted net income per share was $0.10 compared with $0.35 for the same period in the last year.

Newcastle Investment Mulls Acquisitions

Newcastle Investment Corp. (NYSE:NCT) is seeking acquisitions. The company stated in its second quarter 2014 results, "Newcastle is also in contract to acquire 8 properties for a total purchase price of $130 million and has an active acquisition pipeline of over $1 billion."

 

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Industry Analysis

NCT

Industry Average

Valuation NCT Industry Range
Price/Earnings 15.2x
Price/Sales 2.9x
Price/Book 2.2x
Price/Cash Flow 9.7x
TEV/Sales NM Not Meaningful
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