Walker & Dunlop (NYSE:WD) Price Target Lowered to $105.00 at Keefe, Bruyette & Woods

Walker & Dunlop (NYSE:WD) had its price target trimmed by Keefe, Bruyette & Woods from $120.00 to $105.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a market perform rating on the financial services provider’s stock.

Walker & Dunlop Stock Up 0.2 %

Shares of WD stock opened at $86.33 on Friday. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 30.83 and a beta of 1.55. The business’s fifty day moving average is $96.73 and its 200 day moving average is $104.29. Walker & Dunlop has a twelve month low of $84.63 and a twelve month high of $118.19.

Walker & Dunlop (NYSE:WD) last issued its quarterly earnings results on Thursday, February 13th. The financial services provider reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.18). Walker & Dunlop had a return on equity of 9.81% and a net margin of 8.91%. Equities research analysts expect that Walker & Dunlop will post 5.14 earnings per share for the current fiscal year.

Walker & Dunlop Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.10%. This is an increase from Walker & Dunlop’s previous quarterly dividend of $0.65. The ex-dividend date is Friday, February 28th. Walker & Dunlop’s payout ratio is 92.86%.

Institutional Investors Weigh In On Walker & Dunlop

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Walker & Dunlop by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 3,772,110 shares of the financial services provider’s stock worth $366,687,000 after acquiring an additional 27,670 shares in the last quarter. State Street Corp boosted its holdings in Walker & Dunlop by 1.3% in the third quarter. State Street Corp now owns 1,434,370 shares of the financial services provider’s stock worth $162,930,000 after acquiring an additional 18,461 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Walker & Dunlop by 33.1% in the third quarter. Victory Capital Management Inc. now owns 1,415,479 shares of the financial services provider’s stock worth $160,784,000 after acquiring an additional 351,957 shares in the last quarter. FMR LLC boosted its holdings in Walker & Dunlop by 7.4% in the fourth quarter. FMR LLC now owns 1,318,599 shares of the financial services provider’s stock worth $128,181,000 after acquiring an additional 90,725 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its holdings in Walker & Dunlop by 0.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,197,571 shares of the financial services provider’s stock worth $116,416,000 after acquiring an additional 8,683 shares in the last quarter. 80.97% of the stock is owned by institutional investors.

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.