Newcastle Investment Corp. (NCT) - NYSE
  • May 8, 2015, 7:28 AM
    • Q1 core earnings of $8M or $0.12 per share flat from Q4. AFFO of $7M or $0.11 vs. $11M and $0.17. DIvidend is $0.12.
    • Real Estate Debt Portfolio asset face value of $1B - $600M of non-agency assets and $400M of agency. Portfolio increased in value by $6M during quarter to price of 87% of par. $43M in non-agency asset pay downs and recovered $7M of net proceeds to company. Generated $15M if NII, or a 16% annualized yield.
    • Golf Business owned and leased 88 properties over 14 states. 270 private club members added to same store portfolio, increased rounds played by about 9K. Added a golf property in SoCal; signed a 21-year lease to operate a 27-hole muni course which generated more than $3B of revenue in 2014.
    • Earnings call at 9 ET
    • Previously: Newcastle Investment reports Q1 results (May 8)
    • NCT flat premarketN
    | May 8, 2015, 7:28 AM
  • May 8, 2015, 7:22 AM
    • Newcastle Investment (NYSE:NCT): Q1 AFFO of $0.11
    • Revenue of $60.83M (-2.9% Y/Y)
    | May 8, 2015, 7:22 AM
  • May 7, 2015, 5:30 PM
    | May 7, 2015, 5:30 PM | 7 Comments
  • Mar. 16, 2015, 6:10 PM
    • Newcastle Investment (NYSE:NCT) declares $0.12/share quarterly dividend, in line with previous.
    • Forward yield 10.46%
    • Payable April 30; for shareholders of record March 27; ex-div March 25.
    | Mar. 16, 2015, 6:10 PM | 4 Comments
  • Mar. 12, 2015, 3:02 PM
    • New Senior (SNR +1.5%) has had a tough go of it since being the latest spinoff out of Newcastle Investment (NCT) late last year, but it's posting a modest bounce as Leon Cooperman reports a 5.13% passive stake in the stock.
    | Mar. 12, 2015, 3:02 PM | 2 Comments
  • Mar. 5, 2015, 7:27 AM
    • Newcastle Investment (NYSE:NCT) files a shelf offering for 6.3M shares to be sold by "selling shareholders."
    • SEC Form S-3
    | Mar. 5, 2015, 7:27 AM
  • Mar. 2, 2015, 9:18 AM
    • Q4 core earnings of $8M or $0.12 per weighted-average share. AFFO of $11M and $0.17. Q4 dividend was $0.12. Comparisons to prior quarters/year are tough after all of the spinoffs.
    • The earnings call is set for 10 ET.
    • NCT +1.25% premarket
    | Mar. 2, 2015, 9:18 AM
  • Mar. 2, 2015, 7:38 AM
    • Newcastle Investment (NYSE:NCT): Q4 AFFO of $0.17 misses by $0.22.
    | Mar. 2, 2015, 7:38 AM | 4 Comments
  • Mar. 1, 2015, 5:30 PM
    | Mar. 1, 2015, 5:30 PM | 3 Comments
  • Dec. 22, 2014, 7:43 AM
    • Newcastle Investment Corp. (NYSE:NCT) declares $0.12/share quarterly dividend.
    • Forward yield 10.06%
    • Payable Jan 30; for shareholders of record Jan 2; ex-div Dec. 30.
    | Dec. 22, 2014, 7:43 AM
  • Nov. 18, 2014, 8:53 AM
    • "Our positive thesis is based primarily on the industry opportunity and the company's off-market acquisition strategy and managed portfolio, which we expect to drive higher than average industry returns," says Compass Point analyst Jason Stewart, starting New Senior (NYSE:SNR) with a Buy rating and $20 price target. "In addition, the current valuation provides for sufficient downside protection for execution of the acquisition strategy, which is likely to be lumpy quarter to quarter."
    • Despite said lumpiness, Stewart expects the company to close on what is likely a substantial pipeline, and for SNR to be able to generate necessary efficiencies.
    • The $20 price target is based on a 20% discount to NAV, a 17x AFFO multiple, and a dividend yield of 5.5%.
    • The stock is down 7.9% since being spun off from Newcastle Investment (NYSE:NCT) at the end of last month.
    | Nov. 18, 2014, 8:53 AM | 6 Comments
  • Nov. 7, 2014, 5:35 PM
    | Nov. 7, 2014, 5:35 PM | 3 Comments
  • Nov. 7, 2014, 9:47 AM
    • Following the completion of its spinoff from Newcastle Investment (NYSE:NCT), New Senior (NYSE:SNR) is up 1.2% to $19.54 from its close last night (in when-issued trading).
    • Newcastle is at $4.23 in early action, down $19.30 from its close last night, so NCT owners (who received one share of SNR for each share of NCT) - for the moment - are ahead on the session.
    • Previously: Newcastle makes case for higher valuation amid spinoff
    | Nov. 7, 2014, 9:47 AM | 1 Comment
  • Nov. 7, 2014, 7:15 AM
    • Owners of Newcastle Investment (NYSE:NCT) have been issued one share of New Senior (NYSE:SNR) each share of Newcastle they own.
    • In when-issued trading, New Senior closed at $19.31 yesterday vs. the opening price of $18 in late October.
    | Nov. 7, 2014, 7:15 AM | 2 Comments
  • Nov. 4, 2014, 7:12 AM
    • Q3 core earnings of $29M or $0.47 per share vs. $30M and $0.51 one year ago. Adjusted FFO of $41M or $0.66 per share vs. $62M or $1.06 a year ago.
    • New Senior spinoff to occur on November 6. The unit acquired four properties in Q3 for about $77M, and is in contract for another eight properties for $160M.
    • Debt portfolio: Generated return of capital of $38M from asset sales, paydowns, and financings.
    • Conference call at 10 ET
    • Previously: Newcastle Investment AFFO of $0.66
    • NCT flat premarket
    | Nov. 4, 2014, 7:12 AM | 2 Comments
  • Nov. 4, 2014, 6:44 AM
    • Newcastle Investment (NYSE:NCT): Q3 FFO of $0.66 beats by $0.08.
    • Revenue of $148.75M (+510.4% Y/Y)
    | Nov. 4, 2014, 6:44 AM | 1 Comment
Company Description
Newcastle Investment Corp., a real estate investment trust, invests in commercial real estate companies located in the US. It primarily invests in real estate & other debt and senior housing areas.
Sector: Financial
Industry: REIT - Diversified
Country: United States