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

Key Points

• Citizens JMP lowered Walker & Dunlop’s price target from $55 to $50 while maintaining a “market outperform” rating, implying roughly 49.6% upside from the prior close.
• Analyst sentiment remains generally positive, with five Buy ratings and one Sell rating; the consensus is “Moderate Buy” with an average target price of $59.75.
• Walker & Dunlop reported quarterly EPS of $1.19, exceeding the $0.90 consensus estimate, but revenue of $306.69 million missed expectations and declined 3.9% year over year.

Walker & Dunlop (NYSE:WD - Get Free Report) had its price target cut by stock analysts at Citizens Jmp from $55.00 to $50.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a "market outperform" rating on the financial services provider's stock. Citizens Jmp's target price points to a potential upside of 49.58% from the stock's previous close.

A number of other brokerages have also weighed in on WD. Wall Street Zen raised Walker & Dunlop from a "sell" rating to a "hold" rating in a research note on Saturday, August 29th. Weiss Ratings cut Walker & Dunlop from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, August 18th. Keefe, Bruyette & Woods lowered their price objective on Walker & Dunlop from $57.00 to $45.00 and set an "outperform" rating for the company in a research report on Friday, October 9th. Finally, Citigroup reiterated a "market outperform" rating on shares of Walker & Dunlop in a research note on Friday. Five analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $59.75.

Walker & Dunlop Price Performance

NYSE:WD opened at $33.43 on Friday. The firm has a market cap of $1.15 billion, a PE ratio of 8.64 and a beta of 1.52. The firm has a 50 day simple moving average of $38.76 and a 200-day simple moving average of $46.21. Walker & Dunlop has a 1-year low of $31.40 and a 1-year high of $90.00.

Walker & Dunlop (NYSE:WD - Get Free Report) last announced its earnings results on Thursday, August 6th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.29. The firm had revenue of $306.69 million for the quarter, compared to analyst estimates of $337.37 million. Walker & Dunlop had a net margin of 2.94% and a return on equity of 7.25%. Walker & Dunlop's revenue was down 3.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.15 earnings per share.

Hedge Funds Weigh In On Walker & Dunlop

Institutional investors and hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its holdings in shares of Walker & Dunlop by 107.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 580 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 301 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of Walker & Dunlop by 223.8% during the 2nd quarter. IFP Advisors Inc now owns 489 shares of the financial services provider's stock worth $27,000 after buying an additional 338 shares during the last quarter. Essential Partners LLC increased its holdings in shares of Walker & Dunlop by 709.1% during the 1st 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 last quarter. GAMMA Investing LLC increased its holdings in shares of Walker & Dunlop by 42.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,003 shares of the financial services provider's stock worth $110,000 after buying an additional 594 shares during the last quarter. Finally, Entropy Technologies LP raised its position in shares of Walker & Dunlop by 14.4% in the 1st quarter. Entropy Technologies LP now owns 4,804 shares of the financial services provider's stock worth $213,000 after buying an additional 605 shares during the period. 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.