I recently bought in a company called Hatteras Financial. Hatteras Financial is an externally-managed mortgage REIT formed in 2007 to invest in single-family residential mortgage pass-through securities issued or guaranteed by U.S Government agencies or U.S. Government-sponsored entities, such as Fannie Mae (FNMA), Freddie Mac (FHLMC), or Ginnie Mae (GNMA).
The company appears to be a savvy financial company whose goal is to generate net income for distribution to stockholders through regular quarterly dividends, from the spread between the interest income on our investment portfolio and the interest costs of our borrowings and hedging activities. Currently the stock yields almost 14% annually, but is subject to significant fluctuations depending on market conditions. The stock possesses a 4-star Motley Fool CAPS rating.
I bought into Hatteras Financial at $28.60 per share.