newcastle investment corp (NCT:New York)
newcastle investment corp (NCT) Snapshot
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Open
$5.29
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Previous Close
$5.39
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Day High
$5.43
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Day Low
$5.16
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52 Week High
05/20/13 - $6.00
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52 Week Low
06/21/12 - $2.88
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Market Cap
1.4B
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Average Volume 10 Days
8.3M
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EPS TTM
$2.31
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Shares Outstanding
253.0M
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EX-Date
03/21/13
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P/E TM
2.3x
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Dividend
$0.88
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Dividend Yield
15.90%
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Related News
newcastle investment corp (NCT) Related Businessweek News
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Newcastle Investment Corp. operates as a real estate investment and finance company in the United States. The company invests in and manages a portfolio consisting of real estate securities; loans; excess mortgage servicing rights; and real estate related assets, such as senior living facilities, and other assets. Its portfolio of real estate securities includes commercial mortgage backed securities; senior unsecured debt issued by property real estate investment trusts; real estate related asset backed securities, such as subprime securities; and FNMA/FHLMC securities. The company also owns interest in loans and pools of loans consisting of real estate related loans, commercial mortgage loans, residential mortgage loans, manufactured housing loans, and subprime mortgage loans. In addition, it acquires and manages direct and indirect interests in operating real estate, including senior living assets. The company qualifies as a real estate investment trust 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.
newcastle investment corp (NCT) Key Developments
Newcastle Investment Corp. announced unaudited consolidated pro-forma earnings results for the first quarter ended March 31, 2013. For the quarter, on pro-forma basis, the company announced interest income of $55,176,000, net interest income of $33,365,000, income from continuing operations of $24,954,000, income from continuing operations after preferred dividends of $23,559,000, after preferred dividend income from continuing operations per share of common stock, basic and diluted of $0.10.
Newcastle Investment Corp. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported income from continuing operations of $38,029,000, net income of $38,013,000, net income available for common stockholders of $36,618,000 or $0.15 diluted per share on net interest income of $48,657,000 against income from continuing operations of $73,488,000, net income of $73,471,000, net income available for common stockholders of $72,076,000 or $0.68 diluted per share on net interest income of $44,734,000 for the same period a year ago. According to Non-GAAP, Core earnings was $37.4 million or $0.16 diluted per share against $32.6 million or $0.19 diluted per share for the same period a year ago.
Newcastle Investment Corp. announced that they will report Q1, 2013 results at 6:30 AM, US Eastern Standard Time on May 03, 2013
| Recently Viewed | |||
| NCT:US | $5.42 USD | +0.03 | |
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Industry Analysis
NCT
Industry Average
| Valuation | NCT | Industry Range |
| Price/Earnings | 2.6x |
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| Price/Sales | 2.7x |
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| Price/Book | 0.8x |
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| Price/Cash Flow | 3.5x |
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| TEV/Sales | NM | Not Meaningful |
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To contact NEWCASTLE INVESTMENT CORP, please visit www.newcastleinv.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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