Stocks to Watch ? Newcastle Investment Corp. (NCT) |
Stocks to Watch ? Newcastle Investment Corp. (NYSE: NCT)
Newcastle Investment Corp. (Newcastle) serves as a real estate related investment and finance company. It focuses on investing in and managing a portfolio of real estate securities, loans and other real estate related assets. It conducts its business through for segments:
- Investments financed with non-recourse collateralized debt obligations (CDOs)
- Investments financed with other non-recourse debts
- Investments financed with recourse debt, including Federal National Mortgage Association (FNMA)/ Federal Home Loan Mortgage Corporation (FHLMC) securities
- Unlevered investments.
Real Estate Securities
The Company is involved in underwriting, acquiring and managing of a portfolio of credit sensitive real estate securities such as commercial mortgage backed securities (CMBS), senior unsecured real estate investment trust (REIT) debt issued by property REITs, real estate related asset backed securities (ABS), including subprime securities, and FNMA/FHLMC securities.
Real Estate Related Loans
It acquires and loans to real estate owners, including B-notes, mezzanine loans, corporate bank loans, and whole loans.
Residential Mortgage Loans
It acquires residential mortgage loans such as those manufactured housing loans and subprime mortgage loans.
Operating Real Estate
The Company acquires and manages direct and indirect interests in operating real estate.
The Company is located in New York City. It owns and manages a diversified portfolio of debt mostly secured by commercial and residential real estate. It is managed by an affiliate of Fortress Investment Group LLC. Fortress is a premier investment and asset management firm.
The Company?s central business strategy is investing in a diverse portfolio of real estate securities and other real estate-related assets. Its investment philosophy is built around the principles of investing in a moderate amount of credit risk, adhering to strong investment and credit discipline and actively managing the portfolio to achieve its objectives.
INVEST
The Company?s investments involve commercial mortgage backed securities, senior unsecured debt issued by property real estate investment trusts, credit leased real estate, asset backed securities and mortgage loans.
MATCH FUND
Moreover, Newcastle continues to seek to match fund its assets with respect to interest rates and maturities in order to minimize the impact of interest rate fluctuations on earnings, and to reduce the risk of refinancing its liabilities prior to the maturities of its assets.
MANAGE ASSETS
It manages its credit exposure through portfolio diversification and ongoing asset surveillance and selection.
Newcastle Investment Corp. (NYSE: NCT) ?52 week:? 3.56 ? 6.90??? Mkt cap: 628.98M?? Shares: 105.18M
Tags: NCT, NCT quote, NCT stock, NCT stock quote, Newcastle Investment, Newcastle Investment Corp., Newcastle Investment Corporation, Stocks to watchSource: http://www.buypennystocks.com/penny-stocks-blog/stocks-to-watch-newcastle-investment-corp-nct
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