Walker & Dunlop (NYSE:WD) Rating Reiterated by Wedbush

Walker & Dunlop (NYSE:WD)‘s stock had its “neutral” rating reissued by stock analysts at Wedbush in a research report issued to clients and investors on Friday, Benzinga reports. They currently have a $95.00 target price on the financial services provider’s stock. Wedbush’s price objective suggests a potential downside of 0.24% from the company’s current price.

Several other equities research analysts have also recently weighed in on WD. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $105.00 price objective on shares of Walker & Dunlop in a research report on Tuesday, March 26th. StockNews.com lowered shares of Walker & Dunlop from a “hold” rating to a “sell” rating in a report on Friday, March 22nd.

Walker & Dunlop Stock Performance

Shares of NYSE WD opened at $95.23 on Friday. The business has a fifty day moving average of $93.82 and a two-hundred day moving average of $91.74. Walker & Dunlop has a 52-week low of $61.06 and a 52-week high of $113.67. The stock has a market cap of $3.20 billion, a PE ratio of 34.76 and a beta of 1.54.

Walker & Dunlop (NYSE:WD) last released its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.36. The firm had revenue of $228.10 million for the quarter, compared to analyst estimates of $251.82 million. Walker & Dunlop had a net margin of 8.87% and a return on equity of 9.16%. The company’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.17 earnings per share. Analysts predict that Walker & Dunlop will post 4.2 earnings per share for the current year.

Insider Buying and Selling at Walker & Dunlop

In other Walker & Dunlop news, CFO Gregory Florkowski sold 4,000 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $96.45, for a total transaction of $385,800.00. Following the transaction, the chief financial officer now directly owns 11,809 shares in the company, valued at approximately $1,138,978.05. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Walker & Dunlop news, Director Howard W. Smith III sold 20,166 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $93.56, for a total transaction of $1,886,730.96. Following the transaction, the director now directly owns 191,508 shares in the company, valued at approximately $17,917,488.48. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Gregory Florkowski sold 4,000 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $96.45, for a total value of $385,800.00. Following the completion of the sale, the chief financial officer now directly owns 11,809 shares of the company’s stock, valued at $1,138,978.05. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,074 shares of company stock worth $4,328,255. Company insiders own 5.47% of the company’s stock.

Institutional Trading of Walker & Dunlop

Institutional investors and hedge funds have recently modified their holdings of the stock. Sequoia Financial Advisors LLC increased its stake in shares of Walker & Dunlop by 16.6% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 296,015 shares of the financial services provider’s stock valued at $21,976,000 after acquiring an additional 42,160 shares during the last quarter. Moody Aldrich Partners LLC bought a new stake in Walker & Dunlop during the 3rd quarter worth approximately $3,644,000. Voss Capital LLC increased its stake in Walker & Dunlop by 16.8% during the 4th quarter. Voss Capital LLC now owns 84,395 shares of the financial services provider’s stock worth $9,369,000 after purchasing an additional 12,165 shares in the last quarter. Deutsche Bank AG increased its stake in Walker & Dunlop by 2.2% during the 3rd quarter. Deutsche Bank AG now owns 90,860 shares of the financial services provider’s stock worth $6,745,000 after purchasing an additional 1,995 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Walker & Dunlop by 9.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 395,695 shares of the financial services provider’s stock worth $29,376,000 after purchasing an additional 35,454 shares in the last quarter. 80.97% of the stock is owned by institutional investors.

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.