Newcastle Investment Corp PT Raised to $14.00 at UBS AG (NCT)

Newcastle Investment Corp (NYSE: NCT) had its target price raised by UBS AG to $14.00 in a report issued on Thursday.

NCT has been the subject of a number of other recent research reports. Analysts at Credit Suisse raised their price target on shares of Newcastle Investment Corp from $10.50 to $11.50 in a research note to investors on Tuesday, February 26th. They now have an outperform rating on the stock. Separately, analysts at Zacks upgraded shares of Newcastle Investment Corp from an underperform rating to a neutral rating in a research note to investors on Monday, January 14th. They now have a $10.00 price target on the stock. Finally, analysts at Barclays Capital raised their price target on shares of Newcastle Investment Corp from $9.00 to $11.00 in a research note to investors on Thursday, January 10th. They now have an overweight rating on the stock.

Newcastle Investment Corp traded down 0.18% on Thursday, hitting $11.25. Newcastle Investment Corp has a 52-week low of $5.92 and a 52-week high of $11.40. The stock’s 50-day moving average is currently $10.75. The company has a market cap of $2.847 billion and a price-to-earnings ratio of 3.83.

Newcastle Investment Corp. (Newcastle) is a real estate related investment and finance company. Newcastle invests in, and actively manages a portfolio of, real estate securities, loans and other real estate related assets.

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