Hatteras Financial Corp (NYSE:HTS): The mean estimate for the short term price target for Hatteras Financial Corp (NYSE:HTS) stands at $16.18 according to 2 Analysts. The higher price target estimate for the stock has been calculated at $17 while the lower price target estimate is at $16.
Many analysts have stated their opinion on the company shares. Major Brokerage house, Ladenburg Thalmann downgrades its ratings on Hatteras Financial Corp (NYSE:HTS). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on April 12, 2016. Company shares have received an average consensus rating of Hold for the current week
Hatteras Financial Corp (NYSE:HTS) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.21 points or 1.29% at $16.07 with 1,849,037 shares getting traded. Post opening the session at $16.26, the shares hit an intraday low of $16.05 and an intraday high of $16.3 and the price was in this range throughout the day. The company has a market cap of $1,519 million and the number of outstanding shares have been calculated to be 94,529,206 shares. The 52-week high of Hatteras Financial Corp (NYSE:HTS) is $17.83 and the 52-week low is $10.54.
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).