Walker & Dunlop (NYSE:WD) PT Raised to $110.00

Walker & Dunlop (NYSE:WD) had its price objective boosted by research analysts at Wedbush from $105.00 to $110.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. Wedbush’s price objective indicates a potential downside of 3.30% from the company’s current price.

A number of other research firms also recently issued reports on WD. Wolfe Research upgraded Walker & Dunlop to a “strong-buy” rating in a research note on Tuesday. StockNews.com upgraded shares of Walker & Dunlop from a “sell” rating to a “hold” rating in a research note on Sunday, August 11th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Walker & Dunlop from $105.00 to $112.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th.

Walker & Dunlop Price Performance

Shares of Walker & Dunlop stock opened at $113.75 on Wednesday. The stock has a market capitalization of $3.84 billion, a price-to-earnings ratio of 41.49 and a beta of 1.55. The business has a 50-day moving average of $105.67 and a 200 day moving average of $99.01. Walker & Dunlop has a 12 month low of $62.51 and a 12 month high of $116.26.

Walker & Dunlop (NYSE:WD) last issued its quarterly earnings results on Thursday, August 8th. The financial services provider reported $1.23 EPS for the quarter, beating the consensus estimate of $1.16 by $0.07. The company had revenue of $270.70 million during the quarter, compared to analysts’ expectations of $274.50 million. Walker & Dunlop had a net margin of 8.41% and a return on equity of 9.65%. The firm’s revenue was down .7% compared to the same quarter last year. During the same quarter last year, the company posted $0.98 EPS. Equities research analysts anticipate that Walker & Dunlop will post 5.27 earnings per share for the current year.

Insiders Place Their Bets

In other Walker & Dunlop news, COO Stephen P. Theobald sold 13,870 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $106.10, for a total transaction of $1,471,607.00. Following the transaction, the chief operating officer now directly owns 53,869 shares in the company, valued at $5,715,500.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 5.47% of the company’s stock.

Hedge Funds Weigh In On Walker & Dunlop

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Creative Planning increased its position in Walker & Dunlop by 37.8% during the second quarter. Creative Planning now owns 11,258 shares of the financial services provider’s stock worth $1,106,000 after buying an additional 3,086 shares in the last quarter. Algert Global LLC acquired a new stake in shares of Walker & Dunlop during the second quarter valued at $332,000. The Manufacturers Life Insurance Company increased its position in Walker & Dunlop by 6.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,212 shares of the financial services provider’s stock worth $1,788,000 after purchasing an additional 1,156 shares in the last quarter. AQR Capital Management LLC raised its stake in Walker & Dunlop by 6.8% in the 2nd quarter. AQR Capital Management LLC now owns 3,223 shares of the financial services provider’s stock valued at $316,000 after purchasing an additional 206 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in Walker & Dunlop by 2.6% in the 2nd quarter. Bank of Montreal Can now owns 4,398 shares of the financial services provider’s stock valued at $432,000 after purchasing an additional 110 shares in the last quarter. Institutional investors and hedge funds own 80.97% of the company’s stock.

Walker & Dunlop Company Profile

Walker & Dunlop, Inc, through its subsidiaries, originates, sells, and services a range of multifamily and other commercial real estate financing products and services for owners and developers of real estate in the United States. It operates through three segments: Capital Markets, Servicing & Asset Management, and Corporate.