Walker & Dunlop (NYSE:WD) Downgraded by Wedbush

Walker & Dunlop (NYSE:WD - Get Free Report) was downgraded by stock analysts at Wedbush from an "outperform" rating to a "neutral" rating in a report released on Thursday, MarketBeat reports. They presently have a $95.00 target price on the financial services provider's stock, down from their prior target price of $130.00. Wedbush's target price indicates a potential upside of 3.06% from the company's current price.

A number of other brokerages have also recently commented on WD. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $105.00 price target on shares of Walker & Dunlop in a research note on Tuesday, March 26th. StockNews.com downgraded shares of Walker & Dunlop from a "hold" rating to a "sell" rating in a research note on Friday, March 22nd. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $100.00.

Walker & Dunlop Trading Down 0.5 %

Shares of WD traded down $0.46 during mid-day trading on Thursday, reaching $92.18. The company's stock had a trading volume of 455,143 shares, compared to its average volume of 231,689. Walker & Dunlop has a 52 week low of $61.06 and a 52 week high of $113.67. The stock has a market cap of $3.10 billion, a PE ratio of 27.58 and a beta of 1.53. The company's fifty day moving average price is $94.72 and its two-hundred day moving average price is $89.30.

Walker & Dunlop (NYSE:WD - Get Free Report) last posted its quarterly earnings results on Thursday, February 15th. The financial services provider reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.38. Walker & Dunlop had a net margin of 10.18% and a return on equity of 9.15%. The business had revenue of $274.30 million during the quarter, compared to the consensus estimate of $276.76 million. During the same period in the previous year, the firm posted $1.41 earnings per share. The firm's revenue for the quarter was down 3.0% on a year-over-year basis. Research analysts anticipate that Walker & Dunlop will post 4.31 EPS for the current year.

Insider Transactions at Walker & Dunlop

In other Walker & Dunlop news, Director Howard W. Smith III sold 20,166 shares of the firm's stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $93.56, for a total value of $1,886,730.96. Following the completion of the sale, the director now directly owns 191,508 shares in the company, valued at $17,917,488.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Howard W. Smith III sold 20,000 shares of the company's stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $93.81, for a total value of $1,876,200.00. Following the sale, the director now owns 191,508 shares in the company, valued at approximately $17,965,365.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Howard W. Smith III sold 20,166 shares of the firm's stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $93.56, for a total value of $1,886,730.96. Following the transaction, the director now directly owns 191,508 shares of the company's stock, valued at approximately $17,917,488.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,074 shares of company stock valued at $4,328,255. Company insiders own 5.26% of the company's stock.

Institutional Investors Weigh In On Walker & Dunlop

Several hedge funds have recently added to or reduced their stakes in WD. BlackRock Inc. grew its holdings in shares of Walker & Dunlop by 2.3% during the second quarter. BlackRock Inc. now owns 5,066,511 shares of the financial services provider's stock valued at $400,710,000 after buying an additional 115,934 shares during the last quarter. Vanguard Group Inc. lifted its position in Walker & Dunlop by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 3,761,750 shares of the financial services provider's stock valued at $486,845,000 after acquiring an additional 85,505 shares in the last quarter. State Street Corp boosted its stake in Walker & Dunlop by 3.0% during the 2nd quarter. State Street Corp now owns 1,305,300 shares of the financial services provider's stock valued at $103,236,000 after purchasing an additional 37,921 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Walker & Dunlop by 3.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,293,014 shares of the financial services provider's stock worth $143,542,000 after purchasing an additional 39,035 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its stake in shares of Walker & Dunlop by 27.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 954,795 shares of the financial services provider's stock worth $74,933,000 after purchasing an additional 206,042 shares during the last quarter. 80.97% of the stock is owned by institutional investors.

Walker & Dunlop Company Profile

Walker & Dunlop, Inc, through its subsidiaries, originates, sells, and services a range of multifamily and other commercial real estate financing products and services for owners and developers of real estate in the United States. It operates through three segments: Capital Markets, Servicing & Asset Management, and Corporate.