Walker & Dunlop (NYSE:WD) Price Target Increased to $110.00 by Analysts at Wedbush

Walker & Dunlop (NYSE:WD) had its price target boosted by equities research analysts at Wedbush from $105.00 to $110.00 in a 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 3.30% from the company’s current price.

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

Walker & Dunlop Stock Down 0.2 %

WD stock opened at $113.75 on Wednesday. The stock has a market capitalization of $3.84 billion, a price-to-earnings ratio of 41.49 and a beta of 1.55. Walker & Dunlop has a 52-week low of $62.51 and a 52-week high of $116.26. The stock’s fifty day simple moving average is $105.67 and its 200-day simple moving average is $99.01.

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

Insider Activity at Walker & Dunlop

In related news, COO Stephen P. Theobald sold 13,870 shares of Walker & Dunlop stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $106.10, for a total transaction of $1,471,607.00. Following the transaction, the chief operating officer now owns 53,869 shares in the company, valued at approximately $5,715,500.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.47% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Walker & Dunlop

Hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new stake in Walker & Dunlop during the 4th quarter valued at $40,059,000. PNC Financial Services Group Inc. boosted its position in Walker & Dunlop by 11.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,204 shares of the financial services provider’s stock valued at $245,000 after buying an additional 227 shares during the last quarter. US Bancorp DE grew its stake in shares of Walker & Dunlop by 13.8% during the fourth quarter. US Bancorp DE now owns 9,454 shares of the financial services provider’s stock valued at $1,049,000 after acquiring an additional 1,149 shares in the last quarter. First Trust Advisors LP increased its position in shares of Walker & Dunlop by 15.9% during the fourth quarter. First Trust Advisors LP now owns 266,537 shares of the financial services provider’s stock worth $29,588,000 after acquiring an additional 36,639 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Walker & Dunlop in the fourth quarter worth about $307,000. 80.97% of the stock is currently owned by hedge funds and other institutional investors.

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.