Citizens Jmp Lowers Walker & Dunlop (NYSE:WD) Price Target to $55.00

Key Points

• Citizens Jmp cut Walker & Dunlop’s price target from $70 to $55 while maintaining a “market outperform” rating, implying roughly 35% upside from the stock’s $40.69 price.
• Analyst sentiment remains broadly positive: five analysts rate the stock a Buy and one rates it Hold, producing a “Moderate Buy” consensus and an average target of $64.
• Walker & Dunlop beat quarterly EPS expectations with $1.19 versus $0.90 estimated, but revenue of $306.69 million fell short of forecasts and declined 3.9% year over year.

Walker & Dunlop (NYSE:WD - Get Free Report) had its price target dropped by equities researchers at Citizens Jmp from $70.00 to $55.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a "market outperform" rating on the financial services provider's stock. Citizens Jmp's price objective indicates a potential upside of 35.17% from the company's current price.

Several other analysts have also commented on WD. Weiss Ratings upgraded Walker & Dunlop from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, August 4th. Stephens started coverage on Walker & Dunlop in a research note on Thursday, April 23rd. They set an "overweight" rating and a $69.00 target price on the stock. Wall Street Zen lowered Walker & Dunlop from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th. Citigroup reaffirmed a "market outperform" rating on shares of Walker & Dunlop in a research report on Tuesday. Finally, Keefe, Bruyette & Woods decreased their price target on Walker & Dunlop from $63.00 to $57.00 and set an "outperform" rating for the company in a research note on Friday, August 7th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $64.00.

Walker & Dunlop Stock Down 4.4%

Shares of Walker & Dunlop stock opened at $40.69 on Tuesday. The company has a market cap of $1.40 billion, a P/E ratio of 36.33 and a beta of 1.49. The firm's 50 day moving average price is $49.85 and its 200-day moving average price is $51.13. Walker & Dunlop has a 52-week low of $40.38 and a 52-week high of $90.00.

Walker & Dunlop (NYSE:WD - Get Free Report) last posted its earnings results 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 company had revenue of $306.69 million during the quarter, compared to analysts' expectations 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 for the quarter was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.15 earnings per share.

Institutional Investors Weigh In On Walker & Dunlop

Several institutional investors and hedge funds have recently made changes to their positions in WD. ProShare Advisors LLC grew its holdings in shares of Walker & Dunlop by 3.1% during the fourth quarter. ProShare Advisors LLC now owns 6,425 shares of the financial services provider's stock valued at $386,000 after buying an additional 192 shares during the last quarter. State of Alaska Department of Revenue raised its stake in Walker & Dunlop by 1.1% in the 4th quarter. State of Alaska Department of Revenue now owns 18,787 shares of the financial services provider's stock worth $1,129,000 after acquiring an additional 202 shares during the last quarter. California State Teachers Retirement System lifted its position in Walker & Dunlop by 0.7% during the 2nd quarter. California State Teachers Retirement System now owns 31,143 shares of the financial services provider's stock worth $2,195,000 after acquiring an additional 216 shares during the period. Huntington National Bank lifted its position in Walker & Dunlop by 47.9% during the 4th quarter. Huntington National Bank now owns 865 shares of the financial services provider's stock worth $52,000 after acquiring an additional 280 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in 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 purchasing an additional 301 shares during the last quarter. 80.97% of the stock is currently owned by institutional investors and hedge funds.

About Walker & Dunlop

Walker & Dunlop is one of the largest providers of commercial real estate finance in the United States, specializing in the origination, servicing and sale of loans secured by multifamily, seniors housing, healthcare, student housing and manufactured housing properties. The firm offers a full suite of debt and equity solutions, including agency financing through Fannie Mae and Freddie Mac, HUD and FHA-insured loans, bridge and construction financing, mezzanine debt, preferred equity, and investment sales advisory.

With roots dating back to 1937 and its headquarters in Bethesda, Maryland, Walker & Dunlop has expanded its platform through both organic growth and strategic acquisitions.

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