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

Walker & Dunlop (NYSE:WD) had its price objective lifted by investment analysts at Wedbush from $105.00 to $110.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. Wedbush’s price target would suggest a potential downside of 2.26% from the stock’s previous close.

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

Walker & Dunlop Price Performance

Shares of NYSE WD traded down $0.04 during midday trading on Wednesday, hitting $112.54. The company’s stock had a trading volume of 91,717 shares, compared to its average volume of 210,528. The business’s fifty day simple moving average is $105.54 and its two-hundred day simple moving average is $98.90. The firm has a market capitalization of $3.79 billion, a price-to-earnings ratio of 41.07 and a beta of 1.55. Walker & Dunlop has a 1 year low of $62.51 and a 1 year high of $114.64.

Walker & Dunlop (NYSE:WD) last issued its earnings results on Thursday, August 8th. The financial services provider reported $1.23 EPS for the quarter, topping the consensus estimate of $1.16 by $0.07. The company had revenue of $270.70 million for the quarter, compared to analyst estimates of $274.50 million. Walker & Dunlop had a net margin of 8.41% and a return on equity of 9.65%. The business’s revenue was down .7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.98 EPS. Analysts anticipate that Walker & Dunlop will post 5.27 EPS for the current fiscal year.

Insider Activity

In other news, COO Stephen P. Theobald sold 13,870 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $106.10, for a total value of $1,471,607.00. Following the transaction, the chief operating officer now directly owns 53,869 shares of the company’s stock, valued at approximately $5,715,500.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.47% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of WD. National Bank of Canada FI increased its holdings in Walker & Dunlop by 205.6% in the 2nd quarter. National Bank of Canada FI now owns 275 shares of the financial services provider’s stock worth $26,000 after buying an additional 185 shares in the last quarter. Fidelis Capital Partners LLC acquired a new stake in Walker & Dunlop during the first quarter worth about $34,000. Benjamin F. Edwards & Company Inc. grew its holdings in Walker & Dunlop by 163.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 398 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 247 shares during the period. EntryPoint Capital LLC purchased a new position in Walker & Dunlop during the first quarter worth approximately $57,000. Finally, Asset Dedication LLC acquired a new position in shares of Walker & Dunlop in the 2nd quarter valued at $94,000. 80.97% of the stock is currently 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.