Walker & Dunlop (NYSE:WD) Stock Gets Price Target Trim from Citizens Jmp

Walker & Dunlop (NYSE:WD) had its price target decreased by Citizens Jmp from $55.00 to $50.00 in a report issued on Friday,Benzinga reports. Citizens Jmp currently has a market outperform rating on the financial services provider’s stock.

Other equities analysts also recently issued reports about the company. Wall Street Zen raised Walker & Dunlop from a “sell” rating to a “hold” rating in a report on Saturday, August 29th. Keefe, Bruyette & Woods cut their price objective on shares of Walker & Dunlop from $57.00 to $45.00 and set an “outperform” rating on the stock in a report on Friday, October 9th. Citigroup reissued a “market outperform” rating on shares of Walker & Dunlop in a report on Friday. Finally, Weiss Ratings downgraded shares of Walker & Dunlop from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 18th. Five analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $59.75.

Walker & Dunlop Stock Performance

NYSE:WD opened at $32.62 on Friday. The stock has a 50-day simple moving average of $38.52 and a 200-day simple moving average of $46.14. The stock has a market cap of $1.12 billion, a P/E ratio of 29.12 and a beta of 1.52. Walker & Dunlop has a 1 year low of $31.40 and a 1 year 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 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.29. The business had revenue of $306.69 million for the quarter, compared to the consensus estimate of $337.37 million. Walker & Dunlop had a return on equity of 7.25% and a net margin of 2.94%. The business’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.15 EPS.

Walker & Dunlop Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders 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 dividend yield of 8.3%. Walker & Dunlop’s dividend payout ratio is 242.86%.

Hedge Funds Weigh In On Walker & Dunlop

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tidal Investments LLC purchased a new stake in Walker & Dunlop during the 2nd quarter valued at approximately $405,000. Engineers Gate Manager LP acquired a new stake in Walker & Dunlop during the 2nd quarter worth approximately $673,000. Integrated Wealth Concepts LLC acquired a new stake in Walker & Dunlop during the 2nd quarter worth approximately $150,000. IFP Advisors Inc grew its stake in shares of Walker & Dunlop by 223.8% in the 2nd quarter. IFP Advisors Inc now owns 489 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 338 shares during the last quarter. Finally, Baird Financial Group Inc. purchased a new position in shares of Walker & Dunlop in the 2nd quarter valued at approximately $207,000. Hedge funds and other institutional investors own 80.97% of the company’s stock.

About Walker & Dunlop

Walker & Dunlop, Inc (NYSE: WD) is a commercial real estate finance and advisory company that provides capital and transaction services to property owners, investors, developers and other real estate participants. The company serves clients across major commercial property sectors, including multifamily, office, retail, industrial, hospitality and healthcare.

Its services include commercial real estate lending, debt and equity financing, investment sales, property sales, loan servicing, valuation and advisory services.