Walker & Dunlop (NYSE:WD) Hits New 1-Year Low – What’s Next?

Shares of Walker & Dunlop, Inc. (NYSE:WD) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $58.31 and last traded at $58.4650, with a volume of 204447 shares changing hands. The stock had previously closed at $62.81.

Analysts Set New Price Targets

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

Walker & Dunlop Stock Down 6.5%

The firm’s 50 day simple moving average is $62.56 and its 200 day simple moving average is $72.27. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 17.43 and a beta of 1.55.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Arizona State Retirement System grew its stake in shares of Walker & Dunlop by 1.4% in the third quarter. Arizona State Retirement System now owns 10,055 shares of the financial services provider’s stock worth $841,000 after purchasing an additional 142 shares in the last quarter. Profund Advisors LLC lifted its holdings in Walker & Dunlop by 6.5% in the second quarter. Profund Advisors LLC now owns 2,982 shares of the financial services provider’s stock worth $210,000 after purchasing an additional 183 shares during the period. GAMMA Investing LLC lifted 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 worth $40,000 after purchasing an additional 190 shares during the period. ProShare Advisors LLC grew its position in Walker & Dunlop by 3.1% in the 4th 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 in the last quarter. Finally, Huntington National Bank increased its stake in Walker & Dunlop by 49.6% during the 3rd 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 during the period. Institutional investors and hedge funds own 80.97% of the company’s stock.

About Walker & Dunlop

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.