Hatteras Financial Corp. (HTS) was Downgraded by Ladenburg Thalmann to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Ladenburg Thalmann advised their investors in a research report released on Apr 12, 2016.
Many Wall Street Analysts have commented on Hatteras Financial Corp.. Hatteras Financial Corp. was Downgraded by Ladenburg Thalmann to ” Neutral” on Apr 12, 2016. Shares were Reiterated by Deutsche Bank on Apr 12, 2016 to “Hold” and Lowered the Price Target to $ 15.85 from a previous price target of $17.50 .Shares were Reiterated by Compass Point on Feb 18, 2016 to “Neutral” and Lowered the Price Target to $ 16.50 from a previous price target of $18 .
On the company’s financial health, Hatteras Financial Corp. reported $0.45 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 16, 2016. Analyst had a consensus of $0.44.Analysts expectations of $ 52.08.During the same quarter in the previous year, the company posted $0.59 EPS.
Hatteras Financial Corp. opened for trading at $15.49 and hit $15.83 on the upside on Monday, eventually ending the session at $15.8, with a gain of 10.80% or 1.54 points. The heightened volatility saw the trading volume jump to 2,85,43,370 shares. Company has a market cap of $1,494 M.
Hatteras Financial Corp. is an externally managed mortgage real estate investment trust (REIT) that invests primarily in single-family residential mortgage real estate assets such as mortgage-backed security (MBS) and other financial assets. MBS are pass-through securities consisting of a pool of mortgage loans. The Company invests in both adjustable-rate and fixed-rate MBS. Adjustable rate mortgages (ARMs) are mortgage loans that have floating interest rates. All of its fixed-rate MBS are 10-year and 15-year amortizing fixed-rate securities. The Company has primarily invested in MBS issued or guaranteed by the United States Government agency such as Ginnie Mae or by the United States Government-sponsored enterprise such as Fannie Mae or Freddie Mac. The Company is externally managed and advised by its manager Atlantic Capital Advisors LLC (ACA).