Last $12.15 USD
Change Today -0.05 / -0.41%
Volume 2.4M
As of 8:04 PM 10/20/14 All times are local (Market data is delayed by at least 15 minutes).

newcastle investment corp (NCT) Snapshot

Open
$12.21
Previous Close
$12.20
Day High
$12.31
Day Low
$12.09
52 Week High
06/16/14 - $15.42
52 Week Low
10/15/14 - $11.66
Market Cap
1.8B
Average Volume 10 Days
1.8M
EPS TTM
$0.23
Shares Outstanding
147.2M
EX-Date
09/25/14
P/E TM
52.3x
Dividend
$1.20
Dividend Yield
9.88%
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 Corp. - Special Call

To provide an update in connection with the spin-off of new senior

Newcastle Investment Corp. Declares Dividend on Common Stock and Preferred Stock for Third Quarter 2014, Payable October 31, 2014

Newcastle Investment Corp. announced that its Board of Directors has declared a cash dividend on its common stock of $0.30 per share for the quarter ending September 30, 2014. The dividend is payable on October 31, 2014 to shareholders of record on September 29, 2014. The Board of Directors also declared dividends on the company's preferred stock for the period beginning August 1, 2014 and ending October 31, 2014. The dividends are payable on October 31, 2014 to shareholders of record on September 29, 2014. The company will pay dividends of $0.609375, $0.503125 and $0.523438 per share on the 9.750% Series B, 8.050% Series C and 8.375% Series D preferred stock, respectively.

Newcastle Investment Files Articles of Amendment to its Charter with the State Department of Assessments and Taxation of Maryland

On August 18, 2014, Newcastle Investment Corp. filed Articles of Amendment to its charter (the Amendment) with the State Department of Assessments and Taxation of Maryland, which has effected a 3-for-1 reverse stock split of its common stock. As a result of the reverse stock split, every three shares of the Company's issued and outstanding common stock was converted into one share of common stock, reducing the number of issued and outstanding shares of the Company's common stock from approximately 392 million to approximately 131 million. No fractional shares will be issued in connection with the reverse stock split. Each stockholder who would otherwise be entitled to receive a fractional share of the Company's common stock will be entitled to receive a cash payment in lieu of a fractional share following the sale of all fractional shares on the open market by the transfer agent for the reverse stock split. The reverse stock split did not change the authorized number of shares of common stock or preferred stock of the Company or the par value of the Company's common stock or preferred stock.

 

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NCT:US $12.15 USD -0.05

NCT Competitors

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Company Last Change
American Capital Mortgage Investment Corp $19.88 USD +0.28
Capstead Mortgage Corp $12.73 USD +0.09
Hatteras Financial Corp $18.93 USD +0.13
PennyMac Mortgage Investment Trust $21.23 USD +0.18
Redwood Trust Inc $17.75 USD +0.16
View Industry Companies
 

Industry Analysis

NCT

Industry Average

Valuation NCT Industry Range
Price/Earnings 13.8x
Price/Sales 2.6x
Price/Book 2.0x
Price/Cash Flow 8.9x
TEV/Sales NM Not Meaningful
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