Walker & Dunlop (NYSE:WD) Sets New 52-Week Low – What’s Next?

Shares of Walker & Dunlop, Inc. (NYSE:WD) reached a new 52-week low on Wednesday . The company traded as low as $38.78 and last traded at $38.5350, with a volume of 450367 shares traded. The stock had previously closed at $40.11.

Wall Street Analyst Weigh In

WD has been the topic of several recent analyst reports. Citigroup reaffirmed a “market outperform” rating on shares of Walker & Dunlop in a report on Tuesday, August 18th. Weiss Ratings lowered shares of Walker & Dunlop from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 18th. Wall Street Zen raised shares of Walker & Dunlop from a “sell” rating to a “hold” rating in a research report on Saturday, August 29th. Keefe, Bruyette & Woods cut their target price on shares of 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, Citizens Jmp reduced their price target on shares of Walker & Dunlop from $70.00 to $55.00 and set a “market outperform” rating on the stock in a research report on Tuesday, August 18th. Five analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $64.00.

Walker & Dunlop Trading Down 2.3%

The company has a market cap of $1.35 billion, a price-to-earnings ratio of 34.87 and a beta of 1.45. The firm has a 50-day moving average price of $44.84 and a 200 day moving average price of $47.90.

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

Walker & Dunlop Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th were paid a dividend of $0.68 per share. The ex-dividend date was Thursday, August 20th. This represents a $2.72 annualized dividend and a yield of 6.9%. Walker & Dunlop’s payout ratio is presently 242.86%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of WD. Tidal Investments LLC acquired a new stake in Walker & Dunlop in the second quarter worth $405,000. Engineers Gate Manager LP bought a new stake in Walker & Dunlop in the second quarter valued at $673,000. Integrated Wealth Concepts LLC acquired a new position in shares of Walker & Dunlop during the second quarter valued at $150,000. IFP Advisors Inc boosted its holdings in shares of Walker & Dunlop by 223.8% during the second 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, Baird Financial Group Inc. acquired a new position in shares of Walker & Dunlop during the second quarter valued at $207,000. 80.97% of the stock is currently owned by institutional investors.

Walker & Dunlop Company Profile

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.