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

Walker & Dunlop (NYSE:WD) had its price target dropped by Keefe, Bruyette & Woods from $57.00 to $45.00 in a 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’ price objective suggests a potential upside of 36.51% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Citizens Jmp reduced their target price on Walker & Dunlop from $70.00 to $55.00 and set a “market outperform” rating for the company in a research note on Tuesday, August 18th. Citigroup reissued a “market outperform” rating on shares of Walker & Dunlop in a report on Tuesday, August 18th. Weiss Ratings lowered shares of Walker & Dunlop from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 18th. Finally, Wall Street Zen raised Walker & Dunlop from a “sell” rating to a “hold” rating in a report on Saturday, August 29th. Five investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Walker & Dunlop presently has an average rating of “Moderate Buy” and a consensus target price of $61.00.

Walker & Dunlop Stock Performance

Shares of NYSE WD traded down $1.43 during midday trading on Friday, reaching $32.97. 205,112 shares of the company’s stock were exchanged, compared to its average volume of 370,048. Walker & Dunlop has a 52-week low of $32.77 and a 52-week high of $90.00. The business’s fifty day moving average price is $40.49 and its two-hundred day moving average price is $46.63. The stock has a market capitalization of $1.13 billion, a PE ratio of 29.45 and a beta of 1.52.

Walker & Dunlop (NYSE:WD) last issued its quarterly earnings results on Thursday, August 6th. The financial services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.29. Walker & Dunlop had a return on equity of 7.25% and a net margin of 2.94%.The firm had revenue of $306.69 million during the quarter, compared to the consensus estimate of $337.37 million. During the same quarter in the prior year, the business posted $1.15 earnings per share. Walker & Dunlop’s revenue for the quarter was down 3.9% on a year-over-year basis.

Hedge Funds Weigh In On Walker & Dunlop

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in shares of Walker & Dunlop during the 2nd quarter worth approximately $289,614,000. Jupiter Topco LLC bought a new position in Walker & Dunlop during the 2nd quarter worth $63,434,000. Dimensional Fund Advisors LP grew its stake in Walker & Dunlop by 8.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,369,114 shares of the financial services provider’s stock worth $60,760,000 after buying an additional 104,008 shares during the last quarter. Alyeska Investment Group L.P. increased its position in Walker & Dunlop by 3.7% in the second quarter. Alyeska Investment Group L.P. now owns 555,439 shares of the financial services provider’s stock worth $30,383,000 after buying an additional 19,988 shares during the period. Finally, Conversant Capital LLC increased its position in Walker & Dunlop by 33.0% in the first quarter. Conversant Capital LLC now owns 560,316 shares of the financial services provider’s stock worth $24,867,000 after buying an additional 138,936 shares during the period. 80.97% of the stock is owned by institutional investors.

About Walker & Dunlop

Walker & Dunlop, Inc (NYSE: WD) is a commercial real estate finance and advisory company that provides capital and transaction services to property owners, investors, developers and other real estate participants. The company serves clients across major commercial property sectors, including multifamily, office, retail, industrial, hospitality and healthcare.

Its services include commercial real estate lending, debt and equity financing, investment sales, property sales, loan servicing, valuation and advisory services.