Walker & Dunlop (NYSE:WD) Rating Lowered to Sell at StockNews.com

StockNews.com downgraded shares of Walker & Dunlop (NYSE:WD) from a hold rating to a sell rating in a research note published on Saturday morning.

Several other analysts have also commented on the stock. Wedbush reissued a neutral rating and set a $95.00 price target on shares of Walker & Dunlop in a research report on Friday, May 3rd. Keefe, Bruyette & Woods raised their price objective on Walker & Dunlop from $105.00 to $112.00 and gave the company a market perform rating in a report on Thursday, July 25th.

Walker & Dunlop Stock Down 1.3 %

WD stock opened at $100.95 on Friday. The stock has a market capitalization of $3.40 billion, a price-to-earnings ratio of 37.07 and a beta of 1.55. Walker & Dunlop has a twelve month low of $62.51 and a twelve month high of $113.67. The firm’s fifty day simple moving average is $98.40 and its two-hundred day simple moving average is $96.47.

Hedge Funds Weigh In On Walker & Dunlop

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Impactive Capital LP increased its position in Walker & Dunlop by 242.0% during the first quarter. Impactive Capital LP now owns 1,034,093 shares of the financial services provider’s stock worth $104,505,000 after buying an additional 731,714 shares during the period. Norges Bank purchased a new stake in Walker & Dunlop during the fourth quarter worth $40,059,000. Victory Capital Management Inc. boosted its position in Walker & Dunlop by 65.9% during the fourth quarter. Victory Capital Management Inc. now owns 658,857 shares of the financial services provider’s stock worth $73,140,000 after purchasing an additional 261,708 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Walker & Dunlop by 7,867.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 73,461 shares of the financial services provider’s stock valued at $8,155,000 after acquiring an additional 72,539 shares in the last quarter. Finally, GPM Growth Investors Inc. purchased a new position in Walker & Dunlop during the second quarter worth about $4,595,000. Hedge funds and other institutional investors own 80.97% of the company’s stock.

About Walker & Dunlop

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.