Walker & Dunlop (NYSE:WD) Receives “Neutral” Rating from Wedbush

Walker & Dunlop (NYSE:WD)‘s stock had its “neutral” rating reaffirmed by research analysts at Wedbush in a research report issued on Thursday,RTT News reports. They presently have a $90.00 price target on the financial services provider’s stock. Wedbush’s price objective indicates a potential upside of 7.60% from the company’s current price.

Several other research analysts have also weighed in on WD. Keefe, Bruyette & Woods lowered their price target on Walker & Dunlop from $105.00 to $95.00 and set an “outperform” rating on the stock in a research report on Thursday, April 17th. Wall Street Zen raised Walker & Dunlop from a “strong sell” rating to a “hold” rating in a report on Saturday, August 9th.

Walker & Dunlop Trading Down 0.8%

Shares of NYSE:WD opened at $83.64 on Thursday. The stock has a market capitalization of $2.85 billion, a P/E ratio of 25.81 and a beta of 1.57. Walker & Dunlop has a 1-year low of $64.48 and a 1-year high of $118.19. The business has a 50-day moving average price of $74.02 and a two-hundred day moving average price of $77.90.

Walker & Dunlop (NYSE:WD) last issued its earnings results on Thursday, August 7th. The financial services provider reported $1.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.14). Walker & Dunlop had a return on equity of 8.81% and a net margin of 9.27%. The company had revenue of $319.24 million for the quarter, compared to the consensus estimate of $275.84 million. During the same quarter last year, the business posted $1.23 EPS. Walker & Dunlop’s quarterly revenue was up 17.9% on a year-over-year basis. As a group, equities analysts predict that Walker & Dunlop will post 4.97 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. First Horizon Advisors Inc. bought a new position in Walker & Dunlop in the 1st quarter worth $27,000. Sterling Capital Management LLC increased its stake in Walker & Dunlop by 456.4% in the 4th quarter. Sterling Capital Management LLC now owns 306 shares of the financial services provider’s stock worth $30,000 after buying an additional 251 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Walker & Dunlop in the 1st quarter worth $32,000. Versant Capital Management Inc grew its position in shares of Walker & Dunlop by 90.5% during the first quarter. Versant Capital Management Inc now owns 383 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 182 shares in the last quarter. Finally, Allworth Financial LP grew its position in shares of Walker & Dunlop by 115.8% during the second quarter. Allworth Financial LP now owns 479 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 257 shares in the last quarter. Hedge funds and other institutional investors own 80.97% of the company’s stock.

About Walker & Dunlop

Walker & Dunlop, Inc is a holding company, which engages in the provision of commercial real estate and finance services. It operates through the following segments: Capital Markets, Servicing and Asset Management, and Corporate. The Capital Markets segment offers a comprehensive range of commercial real estate finance products to customers.