Walker & Dunlop, Inc. (NYSE:WD) Stock Has Consensus Target Price of $64.00

Shares of Walker & Dunlop, Inc. (NYSE:WD) have been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $64.00.

Several brokerages have recently commented on WD. Citizens Jmp reduced their price objective on shares of Walker & Dunlop from $70.00 to $55.00 and set a “market outperform” rating for the company in a research report on Tuesday, August 18th. Wall Street Zen raised shares of Walker & Dunlop from a “sell” rating to a “hold” rating in a research note on Saturday, August 29th. Citigroup restated a “market outperform” rating on shares of Walker & Dunlop in a research note on Tuesday, August 18th. Keefe, Bruyette & Woods dropped their price target on Walker & Dunlop from $63.00 to $57.00 and set an “outperform” rating on the stock in a research note on Friday, August 7th. Finally, Weiss Ratings lowered Walker & Dunlop from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 18th.

Walker & Dunlop Trading Up 0.9%

Shares of Walker & Dunlop stock opened at $37.27 on Friday. The business has a 50-day moving average price of $43.22 and a two-hundred day moving average price of $47.39. Walker & Dunlop has a 1-year low of $36.56 and a 1-year high of $90.00. The company has a market cap of $1.28 billion, a P/E ratio of 33.28 and a beta of 1.45.

Walker & Dunlop (NYSE:WD) last announced its quarterly earnings data on Thursday, August 6th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.29. Walker & Dunlop had a return on equity of 7.25% and a net margin of 2.94%.The company had revenue of $306.69 million for the quarter, compared to the consensus estimate of $337.37 million. During the same period in the previous year, the business earned $1.15 EPS. The firm’s revenue was down 3.9% compared to the same quarter last year.

Walker & Dunlop Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were given a $0.68 dividend. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $2.72 annualized dividend and a yield of 7.3%. Walker & Dunlop’s dividend payout ratio (DPR) is presently 242.86%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. ProShare Advisors LLC boosted its position in Walker & Dunlop by 3.1% during the fourth quarter. ProShare Advisors LLC now owns 6,425 shares of the financial services provider’s stock valued at $386,000 after buying an additional 192 shares during the period. Huntington National Bank increased its holdings in shares of Walker & Dunlop by 47.9% in the fourth quarter. Huntington National Bank now owns 865 shares of the financial services provider’s stock worth $52,000 after buying an additional 280 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Walker & Dunlop by 107.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 580 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 301 shares during the last quarter. IFP Advisors Inc boosted its holdings in Walker & Dunlop by 223.8% during the 2nd quarter. IFP Advisors Inc now owns 489 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 338 shares during the period. Finally, Thornburg Investment Management Inc. boosted its holdings in Walker & Dunlop by 0.3% during the 4th quarter. Thornburg Investment Management Inc. now owns 160,103 shares of the financial services provider’s stock valued at $9,630,000 after acquiring an additional 462 shares during the period. 80.97% of the stock is currently owned by institutional investors and hedge funds.

About Walker & Dunlop

Walker & Dunlop, Inc is a commercial real estate finance and advisory firm headquartered in Bethesda, Maryland. The company provides financing, investment sales, capital markets, investment banking, valuation, research, and property brokerage services to owners, investors, developers, and other participants in the commercial real estate industry.

Its financing activities include arranging debt and equity for multifamily, office, industrial, retail, hospitality, and other commercial properties.