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Newcastle Investment Corporation (NCT): Today's Featured Real Estate Loser

Newcastle Investment Corporation (NCT) pushed the Real Estate industry lower today making it today's featured Real Estate loser. The industry as a whole closed the day up 1.2%. By the end of trading, Newcastle Investment Corporation fell 6 cents (-0.9%) to $6.56 on average volume. Throughout the day, two million shares of Newcastle Investment Corporation exchanged hands as compared to its average daily volume of 2.5 million shares. The stock ranged in price between $6.46-$6.58 after having opened the day at $6.57 as compared to the previous trading day's close of $6.62. Other company's within the Real Estate industry that declined today were: Income Opportunity Realty Investors (IOT), down 10.9%, Stratus Properties (STRS), down 6.3%, American Realty Investors (ARL), down 5%, and Transcontinental Realty (TCI), down 4.5%.

Operates as a REIT investing in credit-sensitive real estate securities, including commercial and residential mortgage-backed securities and unsecured REIT debt, mostly rated BBB or BB, which it seeks to match with liabilities with respect to interest rates and maturities. Newcastle Investment Corporation has a market cap of $971.8 million and is part of the financial sector. The company has a P/E ratio of 3.3, above the average real estate industry P/E ratio of 3.1 and below the S&P 500 P/E ratio of 17.7. Shares are up 38.9% year to date as of the close of trading on Thursday. Currently there are four analysts that rate Newcastle Investment Corporation a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Newcastle Investment Corporation as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and generally poor debt management.

On the positive front, SYSWIN (SYSW), up 15.7%, IRSA Investments and Representations (IRS), up 7.6%, Walker & Dunlop (WD), up 7.1%, and Thomas Properties Group (TPGI), up 6.4%, were all gainers within the real estate industry with Simon Property Group (SPG) being today's featured real estate industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the real estate industry could consider iShares Dow Jones US Real Estate (IYR) while those bearish on the real estate industry could consider ProShares Short Real Estate Fund (REK).

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