Keefe, Bruyette & Woods Issues Pessimistic Forecast for Walker & Dunlop (NYSE:WD) Stock Price

Walker & Dunlop (NYSE:WD) had its target price lowered by research analysts at Keefe, Bruyette & Woods from $120.00 to $105.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 21.62% from the company’s previous close.

Walker & Dunlop Stock Up 0.2 %

WD stock opened at $86.33 on Friday. The company’s 50-day simple moving average is $96.28 and its 200-day simple moving average is $104.13. Walker & Dunlop has a 52-week low of $84.63 and a 52-week high of $118.19. The firm has a market cap of $2.92 billion, a P/E ratio of 30.83 and a beta of 1.55.

Walker & Dunlop (NYSE:WD) last released its quarterly earnings results on Thursday, February 13th. The financial services provider reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.18). Walker & Dunlop had a return on equity of 9.81% and a net margin of 8.91%. The company had revenue of $341.45 million for the quarter, compared to analyst estimates of $316.82 million. On average, analysts anticipate that Walker & Dunlop will post 5.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Erste Asset Management GmbH acquired a new position in shares of Walker & Dunlop during the 3rd quarter worth about $19,843,000. JPMorgan Chase & Co. raised its holdings in Walker & Dunlop by 29.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 72,649 shares of the financial services provider’s stock valued at $8,252,000 after acquiring an additional 16,481 shares during the last quarter. Quest Partners LLC raised its holdings in Walker & Dunlop by 2,259,700.0% in the 3rd quarter. Quest Partners LLC now owns 22,598 shares of the financial services provider’s stock valued at $2,567,000 after acquiring an additional 22,597 shares during the last quarter. Weiss Asset Management LP acquired a new stake in Walker & Dunlop in the 3rd quarter valued at about $1,568,000. Finally, International Assets Investment Management LLC raised its holdings in Walker & Dunlop by 11,259.2% in the 3rd quarter. International Assets Investment Management LLC now owns 13,631 shares of the financial services provider’s stock valued at $1,548,000 after acquiring an additional 13,511 shares during the last quarter. Institutional investors and hedge funds own 80.97% of the company’s stock.

Walker & Dunlop Company Profile

Walker & Dunlop, Inc is a holding company, which engages in the provision of commercial real estate and finance services. It operates through the following segments: Capital Markets, Servicing and Asset Management, and Corporate. The Capital Markets segment offers a comprehensive range of commercial real estate finance products to customers.