Walker & Dunlop (WD) Downgraded by ValuEngine

ValuEngine cut shares of Walker & Dunlop (NYSE:WD) from a hold rating to a sell rating in a report released on Wednesday, ValuEngine reports.

Several other research firms have also commented on WD. BTIG Research initiated coverage on shares of Walker & Dunlop in a research note on Wednesday, March 13th. They set a buy rating and a $70.00 price objective on the stock. JMP Securities upped their price objective on shares of Walker & Dunlop from $60.00 to $65.00 and gave the stock a market outperform rating in a report on Thursday, February 21st. Finally, Zacks Investment Research raised shares of Walker & Dunlop from a sell rating to a hold rating in a research note on Tuesday, January 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. Walker & Dunlop has a consensus rating of Buy and an average target price of $64.40.

Shares of Walker & Dunlop stock opened at $51.36 on Wednesday. Walker & Dunlop has a 12 month low of $37.96 and a 12 month high of $61.44. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 10.19 and a beta of 0.93. The company has a quick ratio of 6.51, a current ratio of 6.51 and a debt-to-equity ratio of 1.61.

Walker & Dunlop (NYSE:WD) last released its earnings results on Wednesday, February 6th. The financial services provider reported $1.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.34 by $0.10. The firm had revenue of $214.93 million for the quarter, compared to the consensus estimate of $204.20 million. Walker & Dunlop had a net margin of 22.24% and a return on equity of 18.33%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.26 EPS. Sell-side analysts anticipate that Walker & Dunlop will post 5.4 EPS for the current year.

In other Walker & Dunlop news, EVP Richard M. Lucas sold 3,879 shares of the firm’s stock in a transaction dated Wednesday, January 16th. The shares were sold at an average price of $48.02, for a total transaction of $186,269.58. Following the completion of the sale, the executive vice president now directly owns 109,991 shares in the company, valued at approximately $5,281,767.82. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Howard W. Smith III sold 25,000 shares of Walker & Dunlop stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $51.28, for a total transaction of $1,282,000.00. Following the completion of the transaction, the president now directly owns 106,851 shares of the company’s stock, valued at $5,479,319.28. The disclosure for this sale can be found here. Insiders sold 173,687 shares of company stock worth $8,921,049 over the last three months. Corporate insiders own 11.23% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. bought a new stake in shares of Walker & Dunlop during the third quarter valued at approximately $181,000. Magnus Financial Group LLC bought a new position in Walker & Dunlop in the 4th quarter valued at approximately $211,000. Jefferies Group LLC bought a new position in Walker & Dunlop in the 3rd quarter valued at approximately $213,000. Capital Fund Management S.A. bought a new position in Walker & Dunlop in the 3rd quarter valued at approximately $275,000. Finally, Piedmont Investment Advisors Inc. boosted its stake in Walker & Dunlop by 3.2% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 6,820 shares of the financial services provider’s stock valued at $295,000 after purchasing an additional 212 shares during the last quarter. Hedge funds and other institutional investors own 80.32% of the company’s stock.

Walker & Dunlop Company Profile

Walker & Dunlop, Inc, through its subsidiaries, originates, sells, and services a range of multifamily and other commercial real estate loans for owners and developers of real estate in the United States. The company offers multifamily properties and commercial real estate finance products, such as first mortgage, second trust, supplemental, construction, mezzanine, preferred equity, small-balance, and bridge/interim loans.

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Analyst Recommendations for Walker & Dunlop (NYSE:WD)

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