Hatteras Financial Corp. Declares Quarterly Dividend of $0.55 (HTS)
Hatteras Financial Corp. (NYSE:HTS) announced a quarterly dividend on Wednesday, September 18th, ARN reports. Shareholders of record on Monday, September 30th will be paid a dividend of $0.55 per share on Friday, October 25th. This represents a $2.20 annualized dividend and a dividend yield of 11.59%. The ex-dividend date is Thursday, September 26th.
A number of analysts have recently weighed in on HTS shares. Analysts at MLV Capital initiated coverage on shares of Hatteras Financial Corp. (NYSE:HTS) in a research note to investors on Tuesday. They set a “buy” rating and a $21.00 price target on the stock. On a related note, analysts at JMP Securities downgraded shares of Hatteras Financial Corp. (NYSE:HTS) from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, July 30th. They now have a $27.00 price target on the stock. Finally, analysts at Compass Point cut their price target on shares of Hatteras Financial Corp. (NYSE:HTS) from $29.00 to $22.00 in a research note to investors on Monday, July 29th. They now have a “neutral” rating on the stock.
Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company’s stock. Hatteras Financial Corp. currently has an average rating of “Hold” and an average target price of $23.18.
Hatteras Financial Corp. (NYSE:HTS) traded up 3.53% during mid-day trading on Wednesday, hitting $19.66. The stock had a trading volume of 1,889,989 shares. Hatteras Financial Corp. has a 52-week low of $17.44 and a 52-week high of $29.68. The stock’s 50-day moving average is $18.71 and its 200-day moving average is $24.09. The company has a market cap of $1.943 billion and a P/E ratio of 6.04.
Hatteras Financial Corp. (NYSE:HTS) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $0.66 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.64 by $0.02. During the same quarter last year, the company posted $0.91 earnings per share.
Hatteras Financial Corp. is an externally managed mortgage real estate investment trust (NYSE:HTS) that invests primarily in single-family residential mortgage pass-through securities guaranteed or issued by the United States Government agency (such as the Government National Mortgage Association (Ginnie Mae)), or by the United States Government-sponsored entity (such as the Federal National Mortgage Association, (Fannie Mae)), and the Federal Home Loan Mortgage Corporation, (Freddie Mac)).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.