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HTS

Hatteras Financial Corp.

5/21/2013, 7:51 AM ET

Quote & Headlines Market Currents StockTalk

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| Earnings
| Dividends
| M&A
| On the move

Monday, May 6, 9:50 AM More sell-side on the mREITS (MORT): Maxim keeps a Buy with $33 PT on AGNC expecting the annual dividend to be maintained at $5/share thanks to $1.08 of undistributed taxable income in the kitty (KBW agrees). Jefferies is cautious, calling AGNC's Q1 tale an example of how even a well-run mREIT can run afoul. "Price and extension risk inherent in agency MBS (NLY, HTS, CYS, CMO, ANH, ARR, WMC) today are risks most investors underestimate." 10 Comments [Financials]
Friday, May 3, 7:25 AM A check of some other mortgage REITs premarket after AGNC reported a big loss in Q1: NLY -1%, IVR -0.4%, HTS -0.7%, CYS -0.7%, MFA -0.3%, CMO -2.3%, DX -1.8%, WMC -3.3%.
3 Comments [Financials, On the Move]
Thursday, April 25, 7:08 AM Hatteras Financial (HTS) is downgraded to Hold at KBW. Anybody paying attention to yesterday's earnings call (transcript) isn't surprised as KBW's Michael Widner told management he sees sustainable earnings (and with them the dividend) at closer to $0.60 vs. the current $0.70, and management did nothing to dissuade him of that notion. Shares -1.2% premarket. Comment! [Financials, On the Move]
Wednesday, April 24, 2:32 PM Hatteras Financial (HTS -2%) continues to slip following the earnings call as KBW's Michael Widner says (CC transcript) his model - given rate spreads and company leverage - sees core earnings (and dividends) going forward as closer to $0.60/share rather than the current payout of $0.70, and management does little to dissuade him of that view. (earnings earlier) Comment! [Financials, On the Move]
Wednesday, April 24, 9:49 AM More on Hatteras Financial (HTS -0.9%) Q1 earnings: Income of $0.62 compares to dividend of $0.70. Net interest margin of 1.11%, up 3 bps from Q4. Portfolio (largely adjustable-rate agency MBS) actually shrank in quarter to $24.1B from $25.8B in Q4. Book value/share of $28.18 compares to current price of $27.48 and $28.19 on Dec. 31. Conference call at 10 ET. (PR) Comment! [Earnings, Financials]
Tuesday, April 23, 4:04 PM Hatteras Financial (HTS): Q1 EPS of $0.62 misses by $0.05. (PR) Comment! [Earnings, Breaking News, Financials]
Tuesday, April 23, 12:10 AM Notable earnings after Tuesday’s close: AAPL, ACC, AMGN, AWAY, BCR, BRCM, CREE, DV, EW, FBC, FTI, HA, HBI, HLIT, HTS, IRBT, ITC, JNPR, LIFE, NBR, NFX, NSC, OI, OII, OMI, PACB, PLCM, PNRA, RFMD, RHI, T, UIS, USNA, VMW, WRB, YUM, ZIXI Comment! [Earnings]
Monday, April 22, 5:35 PM Notable earnings after Tuesday’s close: AAPL, ACC, AMGN, AWAY, BCR, BRCM, CREE, DV, EW, FBC, FTI, HA, HBI, HLIT, HTS, IRBT, ITC, JNPR, LIFE, NBR, NFX, NSC, OI, OII, OMI, PACB, PLCM, PNRA, RFMD, RHI, T, UIS, USNA, VMW, WRB, YUM, ZIXI Comment! [Earnings]
Thursday, April 18, 11:17 PM Mortgage REITs (MORT) catch the eye of D.C., with the Financial Stability Oversight Council reportedly set to cite the industry as a potential source of market vulnerability. The companies have seen assets quadruple to over $400B since 2009, but Annaly (NLY) CEO Wellington Denahan notes their capital bases have risen as well. A Two Harbors (TWO) presentation (page 8) shows mREITs are relatively small players in the MBS market. Maybe the Fed and the GSEs just don't like the competition. Annaly and American Capital (AGNC) are the 2 biggest mREITs, with Two Harbors a distant 3rd. 42 Comments [Financials]
Tuesday, March 19, 5:38 PM Hatteras Financial Corp. (HTS) declares $0.70/share quarterly dividend, in line with previous. Forward yield 10.21%. For shareholders of record Apr. 01. Payable Apr. 19. Ex-div date Mar. 27. (PR) 3 Comments [Dividends]
Tuesday, March 19, 4:13 PM There's no dividend cut for Hatteras Financial (HTS) either, the mostly adjustable-rate agency mortgage player announcing a Q1 dividend of $0.70. Shares -0.4% AH. (PR) Comment! [Financials, Breaking News]
Tuesday, February 12, 6:11 PM Hatteras Financial (HTS): Q4 EPS of $1.02 beats by $0.28. (PR) Comment! [Earnings, Breaking News, Financials]
Tuesday, February 12, 4:29 PM More on Hatteras Financial (HTS) Q4 earnings: Net interest margin of 1.08%, down from 1.22% in Q3. Realized gain on sale of MBS of $39.1M, up from $10.5M in Q3 - accounts for the big pop in income this quarter. Portfolio remains agency and ARM-based, with 93.7% in ARMs and the rest in 15-year fixed. Conference call set for 10 ET tomorrow. Comment! [Earnings, Financials]
Tuesday, February 12, 4:07 PM Hatteras Financial Corp. (HTS): Q4 EPS of $1.02 may not be comparable to estimates of $0.73. Net interest income of $74.7M (+3% Y/Y). Book value at year-end of $28.19/share, down 4.8% sequentially. (PR) Comment! [Financials, Earnings, Breaking News]
Tuesday, February 12, 12:10 AM Notable earnings after Tuesday’s close: ACC, AXLL, BWLD, CLF, CLWR, DDR, FRT, FTI, HTS, LPSN, NRP, NTGR, RAX, RENN, RKUS, SCI, SGEN, SKT, SVM, THRX, TRLA, WU, XNPT 1 Comment [Earnings]
Monday, February 11, 5:35 PM Notable earnings after Tuesday’s close: ACC, AXLL, BWLD, CLF, CLWR, DDR, FRT, FTI, HTS, LPSN, NRP, NTGR, RAX, RENN, RKUS, SCI, SGEN, SKT, SVM, THRX, TRLA, WU, XNPT 1 Comment [Earnings]