NEW YORK ( TheStreet) -- Hatteras Financial Corporation (NYSE: HTS) hit a new 52-week low Tuesday as it is currently trading at $22.64, below its previous 52-week low of $23.80 with 745,052 shares traded as of 10:05 a.m. ET. Average volume has been 1.5 million shares over the past 30 days.

Hatteras Financial has a market cap of $1.9 billion and is part of the financial sector and real estate industry. Shares are down 21% year to date as of the close of trading on Monday.

Hatteras Financial Corp. operates as an externally-managed mortgage real estate investment trust (REIT). The company has a P/E ratio of 6.1, equal to the average real estate industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Hatteras Financial as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full Hatteras Financial Ratings Report.

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