Keefe, Bruyette & Woods Upgrades Hatteras Financial (HTS) to Outperform
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Keefe, Bruyette & Woods upgrades Hatteras Financial (NYSE: HTS) to Outperform. Price target $30.
Keefe analyst says, "We upgrade shares of HTS to Outperform on valuation. Since July the stock is down 5%, while book value has risen by over 10%. As a result the company's price to book value is 1.05x and the shares yield 16.8%. We are not changing our 4Q09 and 2010 earnings estimates or price target. Our current estimates and target suggest total 12-month potential upside of 26.5%."
To see more analyst ratings on HTS Click Here.
Hatteras Financial Corp. operates as an externally-managed mortgage real estate investment trust (REIT).
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