Weiss Ratings Reiterates Hold (C) Rating for Walker & Dunlop (NYSE:WD)

Walker & Dunlop (NYSE:WD)‘s stock had its “hold (c)” rating reaffirmed by stock analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

A number of other research analysts have also recently issued reports on WD. Wall Street Zen upgraded Walker & Dunlop from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 9th. Wedbush reiterated a “neutral” rating and set a $90.00 price objective on shares of Walker & Dunlop in a research note on Thursday, August 14th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Walker & Dunlop currently has a consensus rating of “Hold” and an average price target of $93.50.

Walker & Dunlop Stock Up 1.3%

WD opened at $80.55 on Wednesday. The stock has a market cap of $2.74 billion, a PE ratio of 24.86 and a beta of 1.59. The business has a 50 day moving average of $83.45 and a 200-day moving average of $76.93. Walker & Dunlop has a 52 week low of $64.48 and a 52 week high of $118.19.

Walker & Dunlop (NYSE:WD) last announced its quarterly earnings data on Thursday, August 7th. The financial services provider reported $1.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.14). The company had revenue of $319.24 million for the quarter, compared to analysts’ expectations of $275.84 million. Walker & Dunlop had a net margin of 9.27% and a return on equity of 8.81%. The firm’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.23 EPS. Equities analysts anticipate that Walker & Dunlop will post 4.97 EPS for the current year.

Insider Activity at Walker & Dunlop

In other Walker & Dunlop news, EVP Paula A. Pryor sold 5,336 shares of Walker & Dunlop stock in a transaction on Friday, August 29th. The stock was sold at an average price of $86.20, for a total value of $459,963.20. Following the completion of the sale, the executive vice president owned 9,341 shares of the company’s stock, valued at approximately $805,194.20. This trade represents a 36.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.66% of the company’s stock.

Institutional Trading of Walker & Dunlop

Several large investors have recently modified their holdings of WD. First Horizon Advisors Inc. bought a new stake in shares of Walker & Dunlop in the first quarter worth $27,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Walker & Dunlop in the first quarter worth $32,000. Allworth Financial LP grew its holdings in shares of Walker & Dunlop by 115.8% in the second quarter. Allworth Financial LP now owns 479 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 257 shares during the period. GAMMA Investing LLC grew its holdings in shares of Walker & Dunlop by 65.7% in the third quarter. GAMMA Investing LLC now owns 479 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 190 shares during the period. Finally, Strs Ohio bought a new stake in shares of Walker & Dunlop in the first quarter worth $51,000. Institutional investors 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.