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5.95 (1y: +87%)
Market Cap 1.45 B P/E(ttm) 2.60
Enterprise Value 2.26 B P/B 1.40
NCT- NYSE (USA)
Newcastle Investment Corporation
  • Currently 1/5
Business Predictability Rank: 1-Star (On Watch)
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$5.95
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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry		 vs
history
Cash to Debt 0.125
NCT's Cash to Debt is ranked higher than
72% of the 249 Companies
in the Global REIT - Diversified industry.

( Industry Median: 0.06 vs. NCT: 0.125 )
NCT' s 10-Year Cash to Debt Range
Min: 0   Max: No Debt
Current: 0.13
Equity to Asset 0.267
NCT's Equity to Asset is ranked lower than
76% of the 249 Companies
in the Global REIT - Diversified industry.

( Industry Median: 0.45 vs. NCT: 0.267 )
NCT' s 10-Year Equity to Asset Range
Min: -0.69   Max: 0.27
Current: 0.27
-0.69
0.27
Interest Coverage No Debt
NCT's Interest Coverage is ranked higher than
98% of the 249 Companies
in the Global REIT - Diversified industry.

( Industry Median: 2.05 vs. NCT: No Debt )
NCT' s 10-Year Interest Coverage Range
Min: 8   Max: No Debt
Current: No Debt
F-Score: 5
Z-Score: 0.29
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry		 vs
history
Operating margin (%) 90.20
NCT's Operating margin (%) is ranked higher than
96% of the 249 Companies
in the Global REIT - Diversified industry.

( Industry Median: 29.40 vs. NCT: 90.20 )
NCT' s 10-Year Operating margin (%) Range
Min: -1753.3   Max: 151.5
Current: 90.2
-1753.3
151.5
Net-margin (%) 90.2
NCT's Net-margin (%) is ranked higher than
93% of the 249 Companies
in the Global REIT - Diversified industry.

( Industry Median: 16.30 vs. NCT: 90.2 )
NCT' s 10-Year Net-margin (%) Range
Min: -1759   Max: 151.5
Current: 90.2
-1759
151.5
ROE (%) 40.5
NCT's ROE (%) is ranked higher than
99% of the 249 Companies
in the Global REIT - Diversified industry.

( Industry Median: 4.40 vs. NCT: 40.5 )
NCT' s 10-Year ROE (%) Range
Min: -14.6   Max: 135.1
Current: 40.5
-14.6
135.1
ROA (%) 11
NCT's ROA (%) is ranked higher than
99% of the 249 Companies
in the Global REIT - Diversified industry.

( Industry Median: 2.00 vs. NCT: 11 )
NCT' s 10-Year ROA (%) Range
Min: -85.9   Max: 16.9
Current: 11
-85.9
16.9
Revenue Growth (%) -17.2
NCT's Revenue Growth (%) is ranked higher than
88% of the 249 Companies
in the Global REIT - Diversified industry.

( Industry Median: -4.95 vs. NCT: -17.2 )
NCT' s 10-Year Revenue Growth (%) Range
Min: -17.2   Max: 14
Current: -17.2
-17.2
14
» NCT's 10-Y Financials

Financials


Revenue & Net Income
Equity & Asset
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

NCT Guru Trades in Q2 2012

Leon Cooperman 300,000 sh (New)
Jim Simons 31,708 sh (New)
Wallace Weitz 200,000 sh (unchged)
Paul Tudor Jones Sold Out
Steven Cohen 30,125 sh (-48.9%)
» More
Q3 2012

NCT Guru Trades in Q3 2012

Louis Moore Bacon 1,150,000 sh (New)
Jeremy Grantham 34,700 sh (New)
Steven Cohen 1,826,752 sh (+5963.91%)
Jim Simons 487,208 sh (+1436.55%)
Leon Cooperman 300,000 sh (unchged)
Wallace Weitz 200,000 sh (unchged)
» More
Q4 2012

NCT Guru Trades in Q4 2012

Kyle Bass 2,369,433 sh (New)
Louis Moore Bacon 3,082,800 sh (+168.07%)
Jim Simons 622,908 sh (+27.85%)
Steven Cohen 2,031,070 sh (+11.18%)
Wallace Weitz 200,000 sh (unchged)
Leon Cooperman 300,000 sh (unchged)
» More
Q1 2013

NCT Guru Trades in Q1 2013

Paul Tudor Jones 92,960 sh (New)
Jeremy Grantham 52,316 sh (New)
Leon Cooperman 4,062,800 sh (+1254.27%)
Jim Simons 3,052,108 sh (+389.98%)
Steven Cohen 6,244,468 sh (+207.45%)
Wallace Weitz Sold Out
Kyle Bass Sold Out
Louis Moore Bacon 2,600,000 sh (-15.66%)
» More
» Details

Insider Trades

Latest Guru Trades with NCT

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Leon Cooperman 2013-03-31 Add 1254.27%0.65%$8.68 - $11.56 $ 5.95-44%4062800
Wallace Weitz 2013-03-31 Sold Out 0.08%$8.68 - $11.56 $ 5.95-44%0
Leon Cooperman 2012-06-30 New Buy0.05%$6.03 - $7.22 $ 5.95-10%300000
George Soros 2011-12-31 Sold Out 0.0016%$3.75 - $5.02 $ 5.9533%0
Wallace Weitz 2011-09-30 Add 344.44%0.03%$4.06 - $6.45 $ 5.9511%200000
George Soros 2011-09-30 New Buy$4.06 - $6.45 $ 5.9511%23400
David Tepper 2011-06-30 Sold Out 0.08%$4.25 - $6.31 $ 5.959%0
David Tepper 2011-03-31 Reduce -77.48%0.28%$5.95 - $8.47 $ 5.95-16%546192
David Tepper 2010-12-31 Reduce -37.81%0.2%$3.1 - $6.92 $ 5.9518%2425156
Premium More recent guru trades are included for Premium Members only!!

Preferred stocks of Newcastle Investment Corporation

SymbolPriceYieldDescription
NCTPRB0.000.009.75% Series B Cumulative Redeemable Preferred Stock
NCTPRD0.000.008.375% Series D Cumulative Redeemable Preferred Stock
NCTPRC0.000.008.05% Series C Cumulative Redeemable Preferred Stock

Ratios

vs
industry		 vs
history
P/E(ttm) 2.60
NCT's P/E(ttm) is ranked higher than
93% of the 249 Companies
in the Global REIT - Diversified industry.

( Industry Median: 26.15 vs. NCT: 2.60 )
NCT' s 10-Year P/E(ttm) Range
Min: 0.14   Max: 7.33
Current: 2.6
0.14
7.33
P/B 1.40
NCT's P/B is ranked lower than
69% of the 249 Companies
in the Global REIT - Diversified industry.

( Industry Median: 1.30 vs. NCT: 1.40 )
NCT' s 10-Year P/B Range
Min: 0.35   Max: 2.83
Current: 1.4
0.35
2.83
P/S 2.05
NCT's P/S is ranked higher than
80% of the 249 Companies
in the Global REIT - Diversified industry.

( Industry Median: 6.20 vs. NCT: 2.05 )
NCT' s 10-Year P/S Range
Min: 0.04   Max: 4.86
Current: 2.05
0.04
4.86
PFCF 9.44
NCT's PFCF is ranked higher than
69% of the 249 Companies
in the Global REIT - Diversified industry.

( Industry Median: 25.77 vs. NCT: 9.44 )
NCT' s 10-Year PFCF Range
Min: 0.06   Max: 35.23
Current: 9.44
0.06
35.23
EV-to-EBIT 5.67
NCT's EV-to-EBIT is ranked higher than
77% of the 249 Companies
in the Global REIT - Diversified industry.

( Industry Median: 28.60 vs. NCT: 5.67 )
NCT' s 10-Year EV-to-EBIT Range
Min: 2.8   Max: 91.1
Current: 5.67
2.8
91.1
Shiller P/E 7.2
NCT's Shiller P/E is ranked higher than
92% of the 249 Companies
in the Global REIT - Diversified industry.

( Industry Median: 10.60 vs. NCT: 7.2 )
NCT' s 10-Year Shiller P/E Range
Min: 0.66   Max: 4.18
Current: 7.2
0.66
4.18

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 14.45
NCT's Dividend Yield is ranked higher than
90% of the 249 Companies
in the Global REIT - Diversified industry.

( Industry Median: 4.40 vs. NCT: 14.45 )
NCT' s 10-Year Dividend Yield Range
Min: 3.35   Max: 551.47
Current: 14.45
3.35
551.47
Dividend Payout 0.3
NCT's Dividend Payout is ranked higher than
99% of the 249 Companies
in the Global REIT - Diversified industry.

( Industry Median: 1.24 vs. NCT: 0.3 )
NCT' s 10-Year Dividend Payout Range
Min: 0.13   Max: 0.94
Current: 0.3
0.13
0.94
Yield on cost (5-Year) 14.50
NCT's Yield on cost (5-Year) is ranked higher than
91% of the 249 Companies
in the Global REIT - Diversified industry.

( Industry Median: 4.00 vs. NCT: 14.50 )
NCT' s 10-Year Yield on cost (5-Year) Range
Min: 1.57   Max: 258.62
Current: 14.5
1.57
258.62
Share Buyback Rate -28.9
NCT's Share Buyback Rate is ranked higher than
50% of the 249 Companies
in the Global REIT - Diversified industry.

( Industry Median: -7.50 vs. NCT: -28.9 )
NCT' s 10-Year Share Buyback Rate Range
Min: 3.6   Max: -28.9
Current: -28.9

Valuation & Return

vs
industry		 vs
history
Price/Tangible Book 1.4
NCT's Price/Tangible Book is ranked higher than
55% of the 249 Companies
in the Global REIT - Diversified industry.

( Industry Median: 1.30 vs. NCT: 1.4 )
NCT' s 10-Year Price/Tangible Book Range
Min: 1   Max: 2
Current: 1.4
1
2
Price/DCF (Projected) 1.2
NCT's Price/DCF (Projected) is ranked higher than
65% of the 249 Companies
in the Global REIT - Diversified industry.

( Industry Median: 2.20 vs. NCT: 1.2 )
NCT' s 10-Year Price/DCF (Projected) Range
Min: 0.7   Max: 1
Current: 1.2
0.7
1
Price/Median PS Value 1.1
NCT's Price/Median PS Value is ranked lower than
71% of the 249 Companies
in the Global REIT - Diversified industry.

( Industry Median: 1.10 vs. NCT: 1.1 )
NCT' s 10-Year Price/Median PS Value Range
Min: 0.1   Max: 3.2
Current: 1.1
0.1
3.2
Price/Graham Number 0.5
NCT's Price/Graham Number is ranked lower than
68% of the 249 Companies
in the Global REIT - Diversified industry.

( Industry Median: 1.30 vs. NCT: 0.5 )
NCT' s 10-Year Price/Graham Number Range
Min: 0.4   Max: 0.9
Current: 0.5
0.4
0.9
Earnings Yield (Greenblatt) 17.60
NCT's Earnings Yield (Greenblatt) is ranked lower than
86% of the 249 Companies
in the Global REIT - Diversified industry.

( Industry Median: 2.60 vs. NCT: 17.60 )
NCT' s 10-Year Earnings Yield (Greenblatt) Range
Min: 1.1   Max: 35.3
Current: 17.6
1.1
35.3
Forward Rate of Return (Yacktman) 66.72
NCT's Forward Rate of Return (Yacktman) is ranked higher than
90% of the 249 Companies
in the Global REIT - Diversified industry.

( Industry Median: -7.64 vs. NCT: 66.72 )
NCT' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 5.1   Max: 343.7
Current: 66.72
5.1
343.7

Business Description

Newcastle Investment Corp. was formed in June 2002 as a subsidiary of Newcastle Investment Holdings Corp. It is a real estate investment and finance company. Newcastle invests in, and actively manages, a portfolio of real estate securities, loans, excess mortgage servicing rights and other real estate related assets. It emphasizes on portfolio management, asset quality, liquidity, diversification, match funded financing and credit risk management. It conducts its business through several segments investments financed with non-recourse collateralized debt obligations; unlevered investments in deconsolidated Newcastle CDO debt; unlevered excess MSRs; investments financed with other non-recourse debt; investments and debt repurchases financed with recourse debt; other unlevered investments; and corporate. Its investment currently covers Real Estate Securities; Real Estate Related Loans; Residential Mortgage Loans; Operating Real Estate; Excess Mortgage Servicing Rights. It competes with several other companies for investments, including other REITs, mortgage servicers, insurance companies and other investors. Properties the Company owns or might acquire are subject to various foreign, federal, state and local environmental laws, ordinances and regulations.
Company Website
SEC Reports
Industry: REIT - Diversified
Compare:ARI, NLY, VNO, IVR, WSR
Traded in other countries:NCI.Germany
» More Articles for NCT

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