Keefe, Bruyette & Woods Issues Pessimistic Forecast for Walker & Dunlop (NYSE:WD) Stock Price

Key Points

• Keefe, Bruyette & Woods cut Walker & Dunlop’s price target from $57 to $45 but maintained an “outperform” rating, implying 36.51% upside from the stock’s current price.
• WD shares fell 4.1% to $32.97, near their 52-week low of $32.77. Despite mixed analyst views, the stock carries a “Moderate Buy” consensus rating and a $61 average price target.
• Walker & Dunlop beat quarterly earnings expectations with EPS of $1.19 versus a $0.90 consensus estimate, though revenue declined 3.9% year over year to $306.69 million.

Walker & Dunlop (NYSE:WD - Get Free Report) had its target price reduced by stock analysts at Keefe, Bruyette & Woods from $57.00 to $45.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has an "outperform" rating on the financial services provider's stock. Keefe, Bruyette & Woods' price target suggests a potential upside of 36.51% from the company's current price.

WD has been the topic of several other reports. 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 upgraded shares of Walker & Dunlop from a "sell" rating to a "hold" rating in a report on Saturday, August 29th. Citigroup reaffirmed a "market outperform" rating on shares of Walker & Dunlop in a research note on Tuesday, August 18th. Finally, Citizens Jmp decreased 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 report on Tuesday, August 18th. Five analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.00.

Walker & Dunlop Stock Down 4.1%

Shares of WD stock traded down $1.43 during mid-day trading on Friday, hitting $32.97. 205,112 shares of the company's stock were exchanged, compared to its average volume of 370,048. Walker & Dunlop has a fifty-two week low of $32.77 and a fifty-two week high of $90.00. The stock has a 50-day simple moving average of $40.49 and a two-hundred day simple moving average of $46.63. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 29.45 and a beta of 1.52.

Walker & Dunlop (NYSE:WD - Get Free Report) last released its earnings results on Thursday, August 6th. The financial services provider reported $1.19 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 firm had revenue of $306.69 million during the quarter, compared to analyst estimates of $337.37 million. During the same period in the prior year, the firm posted $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

Large investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC lifted its holdings 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 in the last quarter. IFP Advisors Inc lifted its stake 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 worth $27,000 after purchasing an additional 338 shares in the last quarter. Essential Partners LLC boosted its position in shares of Walker & Dunlop by 709.1% in the first quarter. Essential Partners LLC now owns 623 shares of the financial services provider's stock worth $28,000 after buying an additional 546 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Walker & Dunlop in the second quarter worth about $35,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in shares of Walker & Dunlop by 1,398.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 734 shares of the financial services provider's stock valued at $44,000 after buying an additional 685 shares in the last quarter. Institutional investors and hedge funds own 80.97% of the company's stock.

Walker & Dunlop Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.