Cantor Fitzgerald Cuts Price Target on Hatteras Financial (HTS) Due to Increased Risks

Cantor Fitzgerald is reiterating its Buy rating on shares of Hatteras Financial (NYSE: HTS) and is reducing its price target from $29 to $27 due to increased risks.

The firm notes that the increased risks include, a refinancing wave induced by a new U.S. Government program, drying up of repo lines, a refinancing wave driven by low mortgage rates, and loss of the SEC exemption from the Investment Company Act of 1940.

Due to the company's current dividend yield and the price appreciation of shares, Cantor Fitzgerald believes that now is a good time to buy.

For more ratings news on Hatteras Financial click here and for the rating history of Hatteras Financial click here.

Shares of Hatteras Financial closed at $24.49 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Silence Therapeutics closes $201M public offering of ADSs
• MicroVision prices $17 million public offering at $2.50 per unit
• VICI Properties closes $1.75B senior unsecured notes offering