Hatteras Financial Reaches New 52-Week High (HTS)

NEW YORK ( TheStreet) -- Hatteras Financial Corporation (NYSE: HTS) hit a new 52-week high Thursday as it is currently trading at $29.40, above its previous 52-week high of $29.39 with 289,191 shares traded as of 11:55 a.m. ET. Average volume has been 1.5 million shares over the past 30 days.

Hatteras Financial has a market cap of $2.84 billion and is part of the financial sector and real estate industry. Shares are up 10.2% year to date as of the close of trading on Wednesday.

Hatteras Financial Corp. operates as an externally-managed mortgage real estate investment trust (REIT). The company has a P/E ratio of 7.5, equal to the average real estate industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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 feeble growth in the company's earnings per share and generally poor debt management. You can view the full Hatteras Financial Ratings Report.

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