Citizens Jmp Issues Pessimistic Forecast for Walker & Dunlop (NYSE:WD) Stock Price

Walker & Dunlop (NYSE:WD) had its price target decreased by investment analysts at Citizens Jmp from $70.00 to $55.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “market outperform” rating on the financial services provider’s stock. Citizens Jmp’s price objective indicates a potential upside of 35.17% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. Weiss Ratings raised shares of Walker & Dunlop from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 4th. Wall Street Zen cut Walker & Dunlop from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Keefe, Bruyette & Woods lowered their target price 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. Stephens assumed coverage on Walker & Dunlop in a report on Thursday, April 23rd. They set an “overweight” rating and a $69.00 target price on the stock. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Walker & Dunlop in a report on Tuesday. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $64.00.

Walker & Dunlop Price Performance

WD stock opened at $40.69 on Tuesday. The firm’s fifty day simple moving average is $49.85 and its 200-day simple moving average is $51.13. The company has a market capitalization of $1.40 billion, a P/E ratio of 36.33 and a beta of 1.49. Walker & Dunlop has a 12 month low of $40.38 and a 12 month high of $90.00.

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

Institutional Investors Weigh In On Walker & Dunlop

A number of institutional investors have recently modified their holdings of WD. EverSource Wealth Advisors LLC grew its position in shares of Walker & Dunlop by 107.9% during 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 period. Essential Partners LLC raised its holdings in Walker & Dunlop by 709.1% in the 1st quarter. Essential Partners LLC now owns 623 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 546 shares during the period. Quantbot Technologies LP purchased a new position in Walker & Dunlop during the second quarter worth approximately $35,000. Caitong International Asset Management Co. Ltd boosted its position in Walker & Dunlop by 1,398.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 734 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 685 shares in the last quarter. Finally, Strs Ohio acquired a new stake in Walker & Dunlop in the first quarter valued at approximately $51,000. 80.97% of the stock is currently owned by institutional investors and hedge funds.

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.