Citizens Jmp Has Lowered Expectations for Walker & Dunlop (NYSE:WD) Stock Price

Walker & Dunlop (NYSE:WD – Get Free Report) had its price objective decreased by Citizens Jmp from $55.00 to $50.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a “market outperform” rating on the financial services provider’s stock. Citizens Jmp’s price objective would suggest a potential upside of 49.58% from the company’s current price.

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

View Our Latest Stock Analysis on Walker & Dunlop

Walker & Dunlop Stock Performance

NYSE WD opened at $33.43 on Friday. Walker & Dunlop has a one year low of $31.40 and a one year high of $90.00. The company’s 50 day moving average price is $38.76 and its 200 day moving average price is $46.21. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 8.64 and a beta of 1.52.

Walker & Dunlop (NYSE:WD – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The financial services provider reported $1.19 earnings per share for the quarter, beating 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 analysts’ expectations of $337.37 million. During the same period in the previous year, the company posted $1.15 earnings per share. Walker & Dunlop’s revenue was down 3.9% compared to the same quarter last year.

Institutional Trading of Walker & Dunlop

Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. bought a new position in Walker & Dunlop during the 2nd quarter worth approximately $289,614,000. Legal & General Group Plc bought a new stake in shares of Walker & Dunlop in the 2nd quarter valued at approximately $4,318,000. Algert Global LLC bought a new stake in shares of Walker & Dunlop in the 2nd quarter valued at approximately $3,766,000. Man Group plc bought a new stake in shares of Walker & Dunlop in the 2nd quarter valued at approximately $5,095,000. Finally, Ieq Capital LLC acquired a new stake in shares of Walker & Dunlop during the 2nd quarter valued at approximately $2,640,000. 80.97% of the stock is owned by institutional investors.

Walker & Dunlop Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Walker & Dunlop (NYSE:WD)

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