Ladenburg Thalmann Downgrades Hatteras Financial Corp. to Neutral

Brokerage firm Ladenburg Thalmann Downgrades its rating on Hatteras Financial Corp.(NYSE:HTS). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by Ladenburg Thalmann was issued on Apr 12, 2016.

In a different note, On Jan 15, 2016, Wells Fargo said it Downgrades its rating on Hatteras Financial Corp.. The shares have been rated ‘Market Perform’ by the firm.

Hatteras Financial Corp. (HTS) made into the market gainers list on Fridays trading session with the shares advancing 0.38% or 0.06 points. Due to strong positive momentum, the stock ended at $15.94, which is also near the day’s high of $15.96. The stock began the session at $15.85 and the volume stood at 13,34,920 shares. The 52-week high of the shares is $18.82 and the 52 week low is $10.54. The company has a current market capitalization of $1,507 M and it has 9,45,33,206 shares in outstanding.

Hatteras Financial Corp.(HTS) last announced its earnings results on Feb 16, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $64.06M. Analysts had an estimated revenue of $39.96M. Earnings per share were $0.45.

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).

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