Compass Point Starts Newcastle Investment (NCT) at Buy; Unique Opportunity
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Price: $4.12 -1.9%
Rating Summary:
5 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
5 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Compass Point initiates coverage on Newcastle Investment (NYSE: NCT) with a Buy. PT $9.00.
Analyst, Jason M. Stewart, said, "Investors have a unique opportunity to invest in NCT as the company transitions from a legacy commercial real estate investment company to one that has an enormous near term growth opportunity investing in excess MSRs. Investors have the opportunity to invest in a growing core cash flow stream while retaining exposure to investments in commercial real estate assets that should have meaningful appreciation in a commercial real estate recovery. The company’s unique relationship with Nationstar and its manager put it in a unique position to capitalize on fundamental changes occurring in the mortgage industry. We establish our price target based on a price to core cash flow from legacy assets and excess MSR investments. Our $9 price target, if achieved, represents a total return opportunity of 39%."
For an analyst ratings summary and ratings history on Newcastle Investment click here. For more ratings news on Newcastle Investment click here.
Shares of Newcastle Investment closed at $6.54 yesterday.
Analyst, Jason M. Stewart, said, "Investors have a unique opportunity to invest in NCT as the company transitions from a legacy commercial real estate investment company to one that has an enormous near term growth opportunity investing in excess MSRs. Investors have the opportunity to invest in a growing core cash flow stream while retaining exposure to investments in commercial real estate assets that should have meaningful appreciation in a commercial real estate recovery. The company’s unique relationship with Nationstar and its manager put it in a unique position to capitalize on fundamental changes occurring in the mortgage industry. We establish our price target based on a price to core cash flow from legacy assets and excess MSR investments. Our $9 price target, if achieved, represents a total return opportunity of 39%."
For an analyst ratings summary and ratings history on Newcastle Investment click here. For more ratings news on Newcastle Investment click here.
Shares of Newcastle Investment closed at $6.54 yesterday.
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