NEW YORK ( TheStreet) -- Newcastle Investment Corporation (NYSE: NCT) hit a new 52-week high Monday as it is currently trading at $7.13, above its previous 52-week high of $7.07 with 120,598 shares traded as of 9:39 a.m. ET. Average volume has been 1.5 million shares over the past 30 days. Newcastle Investment has a market cap of $850.6 million and is part of the financial sector and real estate industry. 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.
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