Walker & Dunlop (NYSE:WD) Given New $57.00 Price Target at Keefe, Bruyette & Woods

Walker & Dunlop (NYSE:WD) had its target price dropped by equities researchers at Keefe, Bruyette & Woods from $63.00 to $57.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 28.85% from the stock’s previous close.

A number of other analysts also recently commented on the company. Stephens initiated coverage on Walker & Dunlop in a research note on Thursday, April 23rd. They issued an “overweight” rating and a $69.00 price objective on the stock. Weiss Ratings upgraded shares of Walker & Dunlop from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday. Finally, Wall Street Zen upgraded shares of Walker & Dunlop from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $77.20.

Walker & Dunlop Trading Down 13.9%

Shares of NYSE:WD opened at $44.24 on Friday. The firm’s 50 day moving average is $50.88 and its two-hundred day moving average is $52.20. The firm has a market capitalization of $1.52 billion, a P/E ratio of 21.90 and a beta of 1.49. Walker & Dunlop has a 52 week low of $41.38 and a 52 week high of $90.00.

Walker & Dunlop (NYSE:WD) last posted its earnings results on Thursday, August 6th. The financial services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $0.90 by $0.29. Walker & Dunlop had a return on equity of 7.18% and a net margin of 5.29%.The firm had revenue of $306.69 million for the quarter, compared to analysts’ expectations of $337.37 million. During the same period last year, the firm earned $1.15 EPS. The firm’s revenue was down 3.9% compared to the same quarter last year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Flagship Harbor Advisors LLC purchased a new stake in Walker & Dunlop in the 4th quarter worth approximately $25,000. EverSource Wealth Advisors LLC raised its holdings in shares of Walker & Dunlop by 107.9% during the first quarter. EverSource Wealth Advisors LLC now owns 580 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 301 shares in the last quarter. Strs Ohio acquired a new stake in Walker & Dunlop during the first quarter valued at $51,000. Essential Partners LLC boosted its position in Walker & Dunlop by 709.1% during the first quarter. Essential Partners LLC now owns 623 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 546 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its stake in Walker & Dunlop by 1,398.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 734 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 685 shares in the last quarter. Institutional investors and hedge funds own 80.97% of the company’s stock.

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.