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UPDATE: Credit Suisse Reiterates On Hatteras Financial As Risk/Reward Is Still Favorable

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In a report published Tuesday, Credit Suisse analyst Douglas Harter reiterated a Neutral rating on Hatteras Financial Corp. (NYSE: HTS), and raised the price target from $18.50 to $20.00.

In the report, Credit Suisse noted, “The first part of 2014 has been favorable to the mortgage REIT sector, both in terms of rates and spreads. While we expect the environment to turn less favorable over the next 12 months with rising rates and widening Agency spreads we think the discounts to book value reflect this expectation. The majority of the expected return from the sector will come from the 11% dividend yield, which we find attractive in the persistent low rate environment.”

Hatteras Financial closed on Friday at $20.28.

Latest Ratings for HTS

DateFirmActionFromTo
Apr 2016DowngradesBuyNeutral
Jan 2016DowngradesOutperformMarket Perform
Nov 2015DowngradesBuyNeutral

View More Analyst Ratings for HTS
View the Latest Analyst Ratings

Posted-In: Credit Suisse Douglas HarterAnalyst Color Price Target Analyst Ratings

 

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