Walker & Dunlop (NYSE:WD) Shares Gap Down – Time to Sell?

Walker & Dunlop, Inc. (NYSE:WD) shares gapped down prior to trading on Thursday . The stock had previously closed at $58.91, but opened at $55.02. Walker & Dunlop shares last traded at $52.67, with a volume of 125,389 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Walker & Dunlop in a research note on Monday, December 29th. Keefe, Bruyette & Woods lowered their target price on Walker & Dunlop from $82.00 to $80.00 and set an “outperform” rating for the company in a research note on Thursday, January 8th. Wall Street Zen lowered shares of Walker & Dunlop from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Jefferies Financial Group initiated coverage on shares of Walker & Dunlop in a research report on Friday, December 19th. They set a “buy” rating and a $75.00 price objective for the company. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Walker & Dunlop in a research report on Friday, December 5th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $85.00.

Walker & Dunlop Price Performance

The stock has a 50-day moving average price of $62.51 and a 200-day moving average price of $72.17. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 14.01 and a beta of 1.55.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Flagship Harbor Advisors LLC bought a new stake in Walker & Dunlop during the fourth quarter worth about $25,000. Allworth Financial LP raised its position in shares of Walker & Dunlop by 115.8% in the 2nd quarter. Allworth Financial LP now owns 479 shares of the financial services provider’s stock valued at $34,000 after buying an additional 257 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Walker & Dunlop by 65.7% during the 3rd quarter. GAMMA Investing LLC now owns 479 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 190 shares in the last quarter. Huntington National Bank raised its position in Walker & Dunlop by 49.6% during the third quarter. Huntington National Bank now owns 585 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 194 shares in the last quarter. Finally, Strs Ohio acquired a new stake in shares of Walker & Dunlop in the 1st quarter valued at $51,000. 80.97% of the stock is owned by institutional investors.

Walker & Dunlop Company Profile

Walker & Dunlop is one of the largest providers of commercial real estate finance in the United States, specializing in the origination, servicing and sale of loans secured by multifamily, seniors housing, healthcare, student housing and manufactured housing properties. The firm offers a full suite of debt and equity solutions, including agency financing through Fannie Mae and Freddie Mac, HUD and FHA-insured loans, bridge and construction financing, mezzanine debt, preferred equity, and investment sales advisory.

With roots dating back to 1937 and its headquarters in Bethesda, Maryland, Walker & Dunlop has expanded its platform through both organic growth and strategic acquisitions.