Walker & Dunlop (NYSE:WD) Stock Price Target Cut by Keefe, Bruyette & Woods

Walker & Dunlop (NYSE:WD) had its price target reduced by research analysts at Keefe, Bruyette & Woods from $45.00 to $43.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods‘s target price would indicate a potential upside of 20.55% from the company’s previous close.

Other research analysts have also recently issued reports about the company. Weiss Ratings cut Walker & Dunlop from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 18th. Citizens Jmp cut their price objective on Walker & Dunlop from $55.00 to $50.00 and set a “market outperform” rating on the stock in a research report on Friday, October 16th. Citigroup restated a “market outperform” rating on shares of Walker & Dunlop in a report on Friday, October 16th. Finally, Wall Street Zen raised Walker & Dunlop from a “sell” rating to a “hold” rating in a report on Saturday, August 29th. Five analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $59.25.

Walker & Dunlop Price Performance

Shares of NYSE WD opened at $35.67 on Tuesday. The stock has a market capitalization of $1.22 billion, a P/E ratio of 31.85 and a beta of 1.52. The company’s 50-day moving average is $36.82 and its 200 day moving average is $47.91. Walker & Dunlop has a 1 year low of $31.40 and a 1 year high of $81.11.

Walker & Dunlop (NYSE:WD) last announced its earnings results on Thursday, August 6th. The financial services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.29. Walker & Dunlop had a net margin of 2.94% and a return on equity of 7.25%. The firm had revenue of $306.69 million for the quarter, compared to analysts’ expectations of $337.37 million. During the same quarter in the previous year, the business posted $1.15 EPS. The company’s quarterly revenue was down 3.9% on a year-over-year basis.

Institutional Investors Weigh In On Walker & Dunlop

Several large investors have recently modified their holdings of WD. BlackRock Inc. purchased a new stake in Walker & Dunlop in the 2nd quarter valued at approximately $289,614,000. Jupiter Topco LLC purchased a new position in shares of Walker & Dunlop during the 2nd quarter worth $63,434,000. Bank of America Corp DE purchased a new stake in Walker & Dunlop in the second quarter valued at approximately $20,437,000. CenterBook Partners LP purchased a new position in shares of Walker & Dunlop in the 3rd quarter worth about $6,795,000. Finally, Bank of New York Mellon Corp acquired a new stake in Walker & Dunlop in the 2nd quarter valued at $10,454,000. 80.97% of the stock is owned by institutional investors and hedge funds.

About Walker & Dunlop

Walker & Dunlop, Inc is a commercial real estate finance and advisory firm serving property owners, investors and developers across the United States. The company provides financing, investment sales, valuation, research and advisory services for a broad range of commercial real estate assets, including multifamily, office, industrial, retail, hospitality and senior housing properties.

Its financing business arranges debt and equity solutions through relationships with banks, life insurance companies, government-sponsored enterprises and other capital providers.