Newcastle Investment Corp. (NCT) : American Assets Capital Advisers reduced its stake in Newcastle Investment Corp. by 0.51% during the most recent quarter end. The investment management company now holds a total of 1,518,984 shares of Newcastle Investment Corp. which is valued at $7,093,655 after selling 7,791 shares in Newcastle Investment Corp. , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Newcastle Investment Corp. makes up approximately 4.45% of American Assets Capital Advisers’s portfolio.
Other Hedge Funds, Including , Blackrock Institutional Trust Company N.a. sold out all of its stake in NCT during the most recent quarter. The investment firm sold 35,974 shares of NCT which is valued $167,999.Feltz Wealth Plan reduced its stake in NCT by selling 148 shares or 29.02% in the most recent quarter. The Hedge Fund company now holds 362 shares of NCT which is valued at $1,691. Janney Montgomery Scott added NCT to its portfolio by purchasing 10,262 company shares during the most recent quarter which is valued at $47,924.Gsa Capital Partners Llp reduced its stake in NCT by selling 181,100 shares or 58.62% in the most recent quarter. The Hedge Fund company now holds 127,829 shares of NCT which is valued at $596,961. Newcastle Investment Corp. makes up approx 0.03% of Gsa Capital Partners Llp’s portfolio.
Newcastle Investment Corp. closed down -0.06 points or -1.31% at $4.53 with 2,60,575 shares getting traded on Friday. Post opening the session at $4.59, the shares hit an intraday low of $4.51 and an intraday high of $4.59 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Newcastle Investment Corp. reported $0.16 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Aug 9, 2016. Analyst had a consensus of $0.18.During the same quarter in the previous year, the company posted $0.25 EPS.
Newcastle Investment Corp. (Newcastle) is a real estate investment trust (REIT). The Company focuses on investing in and managing a variety of real estate related and other investments. The Company operates through four segments: debt investments financed with collateralized debt obligations (CDOs) other debt investments (Other Debt) investment in golf properties and facilities (Golf) and corporate. Newcastle’s golf business includes around 87 properties in the United States that it leases owns or manages. The Company’s debt business consists of assets of $473.2 million financed in CDOs whereby Newcastle is the manager as well as $833.3 million of other real estate related securities and assets. Its investment portfolio includes debt investments such as commercial assets residential assets corporate assets and other investments such as golf investment. Newcastle is externally managed and advised by an affiliate of Fortress Investment Group LLC (Fortress) (the Manager).