By one measure, price-to-earnings ratio, Newcastle Investment Corporatio -
$NCT is the cheapest stock in the Real Estate Investment Trusts industry.
NCT has a P/E of 3.63 while the average stock in the industry goes for
37.95855.
By book value, the stock has been trading at 1.65 times P/B.
The stock last changed hands for $4.72. In the past year, it has traded in
a range between $2.55 - $5.23
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