Wunderlich Securities Maintains Buy Rating On HTS

Wunderlich Securities has reported that Hatteras Financial Corp.'s HTS rating will remain Buy. According to Wunderlich Securities, "On Friday, Hatteras Financial Corp. (HTS) issued 14.5 million shares at a per share price of $28.50, which we calculate was accretive to book value, raising it by over $0.31 to $25.85 per share, pro forma. We are lowering our EPS estimates, partly due to the timing of this second raise in 2011, but also because we anticipate a somewhat higher cost of hedging in 2011. Two-year swap rates have widened slightly, following events in Japan that have global financial implications." HTS has a $31.50 PT and closed on Friday at $28.31.