The combined valuation of Newcastle Investment (NCT) and spinoff New Residential (NRZ) could...

|About: Newcastle Investment Corp. (NCT)|By:, SA News Editor

The combined valuation of Newcastle Investment (NCT) and spinoff New Residential (NRZ) could exceed $15/share, according to the investor presentation which sees the two generating $1.11 in dividends. New Residential's peers sport an average dividend yield of 7.2% and Newcastle's, 7.7%. However, healthcare REIT yields are closer to 4%, and Newcastle should approach that figure as it builds its senior housing exposure. (earlier)