Hatteras Financial Corp (NYSE:HTS) has received a short term rating of sell from experts at Zacks with a rank of 4. The stock has been rated an average of 2.75 by 4 Brokerage Firm. 1 stock experts have also suggested a buy rating. 3 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Ladenburg Thalmann downgrades their rating on the shares of Hatteras Financial Corp (NYSE:HTS). The current rating of the shares is Neutral. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on April 12, 2016.
Hatteras Financial Corp (NYSE:HTS) shares are expected to touch $16.18 in the short term. This short term price target has been shared by 2 analysts. However, the standard deviation of short term price estimate has been valued at 0.46. The target price could hit $17 on the higher end and $16 on the lower end.
Hatteras Financial Corp (NYSE:HTS) witnessed a decline in the market cap on Tuesday as its shares dropped 0.44% or 0.07 points. After the session commenced at $15.95, the stock reached the higher end at $15.96 while it hit a low of $15.71. With the volume soaring to 1,651,334 shares, the last trade was called at $15.71. The company has a 52-week high of $17.83. The company has a market cap of $1,485 million and there are 94,529,206 shares in outstanding. The 52-week low of the share price is $10.54.
Hatteras Financial Corp has lost 2.48% in the last five trading days and dropped 4.09% in the last 4 weeks. Hatteras Financial Corp is up 10.34% in the last 3-month period. Year-to-Date the stock performance stands at 23.27%.
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).