Walker & Dunlop (NYSE:WD) Hits New 52-Week Low – Here’s What Happened

Walker & Dunlop, Inc. (NYSE:WD)’s share price hit a new 52-week low on Wednesday . The company traded as low as $58.31 and last traded at $58.4650, with a volume of 204447 shares. The stock had previously closed at $62.81.

Analysts Set New Price Targets

Several research firms have commented on WD. Jefferies Financial Group began coverage on Walker & Dunlop in a research report on Friday, December 19th. They issued a “buy” rating and a $75.00 price objective on the stock. Citigroup reiterated a “market outperform” rating on shares of Walker & Dunlop in a research note on Friday, December 5th. Weiss Ratings restated a “hold (c-)” rating on shares of Walker & Dunlop in a report on Monday, December 29th. Keefe, Bruyette & Woods lowered their price objective on shares of Walker & Dunlop from $82.00 to $80.00 and set an “outperform” rating for the company in a research report on Thursday, January 8th. Finally, Wall Street Zen cut shares of Walker & Dunlop from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $85.00.

Walker & Dunlop Trading Down 6.5%

The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 17.43 and a beta of 1.55. The stock has a 50-day simple moving average of $62.56 and a 200-day simple moving average of $72.27.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Flagship Harbor Advisors LLC acquired a new stake in shares of Walker & Dunlop in the 4th quarter valued at about $25,000. Allworth Financial LP increased its holdings in Walker & Dunlop by 115.8% in the second quarter. Allworth Financial LP now owns 479 shares of the financial services provider’s stock valued at $34,000 after buying an additional 257 shares during the last quarter. GAMMA Investing LLC increased its holdings in Walker & Dunlop by 65.7% in the third quarter. GAMMA Investing LLC now owns 479 shares of the financial services provider’s stock valued at $40,000 after buying an additional 190 shares during the last quarter. Huntington National Bank raised its stake in Walker & Dunlop by 49.6% during the third quarter. Huntington National Bank now owns 585 shares of the financial services provider’s stock valued at $49,000 after buying an additional 194 shares in the last quarter. Finally, Strs Ohio bought a new position in Walker & Dunlop during the 1st quarter worth approximately $51,000. 80.97% of the stock is owned by institutional investors and hedge funds.

Walker & Dunlop Company Profile

Walker & Dunlop is one of the largest providers of commercial real estate finance in the United States, specializing in the origination, servicing and sale of loans secured by multifamily, seniors housing, healthcare, student housing and manufactured housing properties. The firm offers a full suite of debt and equity solutions, including agency financing through Fannie Mae and Freddie Mac, HUD and FHA-insured loans, bridge and construction financing, mezzanine debt, preferred equity, and investment sales advisory.

With roots dating back to 1937 and its headquarters in Bethesda, Maryland, Walker & Dunlop has expanded its platform through both organic growth and strategic acquisitions.