Newcastle Investment Corporation (NCT): Today's Featured Real Estate Laggard
Newcastle Investment Corporation
(
) pushed the Real Estate industry lower today making it today's featured Real Estate laggard. The industry as a whole closed the day up 0.4%. By the end of trading, Newcastle Investment Corporation fell $0.06 (-1.1%) to $5.56 on light volume. Throughout the day, 4,367,135 shares of Newcastle Investment Corporation exchanged hands as compared to its average daily volume of 9,511,400 shares. The stock ranged in price between $5.52-$5.69 after having opened the day at $5.68 as compared to the previous trading day's close of $5.62. Other companies within the Real Estate industry that declined today were:
(
), down 6.7%,
(
), down 6.1%,
(
), down 5.7% and
(
), down 4.7%.
Newcastle Investment Corp. operates as a real estate investment and finance company in the United States. Newcastle Investment Corporation has a market cap of $1.7 billion and is part of the financial sector. Shares are down 35.1% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate Newcastle Investment Corporation a buy, no analysts rate it a sell, and 1 rates it a hold.
TheStreet Ratings rates
Newcastle Investment Corporation
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, unimpressive growth in net income and a generally disappointing performance in the stock itself.
- You can view the full Newcastle Investment Corporation Ratings Report.
On the positive front,
(
), up 17.3%,
(
), up 10.4%,
(
), up 5.8% and
(
), up 3.8% , were all gainers within the real estate industry with
(
) being today's featured real estate industry leader.
- Use our real estate section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
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
(
) while those bearish on the real estate industry could consider
ProShares Short Real Estate Fund
(
).
- Find other investment ideas from our top rated ETFs lists.
null