Compass Point Research & Trading Reiterates Newcastle Investment Buy, $9 PT

Compass Point Research & Trading reiterated its Newcastle Investment

Buy rating and $9 price target in a research report published today. In the report, Compass Point Research & Trading stated, "NCT reported solid 1Q12 results and considerable progress acquiring additional excess MSRs. The company reported $0.33 of core earnings, in line with our estimate and ahead of the street consensus of $0.29." Shares of Newcastle Investment closed today at $ 7.02, and in after-hours trading at the time of posting were down 4.70% from today's close at $6.69.