) 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%.
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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
. 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.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the real estate industry could consider
) while those bearish on the real estate industry could consider
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