Wedbush Reiterates "Neutral" Rating for Walker & Dunlop (NYSE:WD)

Key Points

• Walker & Dunlop's stock has been restated with a "neutral" rating by Wedbush, including a target price of $90.00, indicating a potential upside of 6.66% from its current trading price.
• In recent trading, Walker & Dunlop's stock price decreased by 0.3%, reaching $84.38, and has a market capitalization of $2.87 billion.
• Walker & Dunlop's quarterly earnings showed $1.15 EPS, missing estimates by $0.14, while revenue increased by 17.9% year-over-year to $319.24 million.

Walker & Dunlop (NYSE:WD - Get Free Report)'s stock had its "neutral" rating reissued by research analysts at Wedbush in a note issued to investors on Thursday,RTT News reports. They presently have a $90.00 price target on the financial services provider's stock. Wedbush's price target suggests a potential upside of 5.47% from the stock's current price.

Other equities analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods decreased their price target on Walker & Dunlop from $105.00 to $95.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. Wall Street Zen upgraded shares of Walker & Dunlop from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Walker & Dunlop currently has a consensus rating of "Buy" and a consensus price target of $92.50.

Walker & Dunlop Trading Up 1.5%

Shares of WD traded up $1.27 during mid-day trading on Thursday, hitting $85.33. 63,533 shares of the company traded hands, compared to its average volume of 242,787. The stock has a market capitalization of $2.91 billion, a price-to-earnings ratio of 26.33 and a beta of 1.57. The business has a 50-day moving average of $74.31 and a 200 day moving average of $77.57. Walker & Dunlop has a one year low of $64.48 and a one year high of $118.19.

Walker & Dunlop (NYSE:WD - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The financial services provider reported $1.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by ($0.14). The firm had revenue of $319.24 million for the quarter, compared to analyst estimates of $275.84 million. Walker & Dunlop had a return on equity of 8.81% and a net margin of 9.27%.The firm's quarterly revenue was up 17.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.23 EPS. As a group, analysts anticipate that Walker & Dunlop will post 4.97 earnings per share for the current year.

Hedge Funds Weigh In On Walker & Dunlop

Several hedge funds and other institutional investors have recently made changes to their positions in WD. Kestra Advisory Services LLC raised its position in Walker & Dunlop by 1.2% during the first quarter. Kestra Advisory Services LLC now owns 12,426 shares of the financial services provider's stock worth $1,061,000 after acquiring an additional 148 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Walker & Dunlop by 26.1% during the 1st quarter. GAMMA Investing LLC now owns 764 shares of the financial services provider's stock worth $65,000 after purchasing an additional 158 shares during the last quarter. Yousif Capital Management LLC raised its holdings in shares of Walker & Dunlop by 1.4% in the 2nd quarter. Yousif Capital Management LLC now owns 12,006 shares of the financial services provider's stock valued at $846,000 after purchasing an additional 167 shares during the period. Versant Capital Management Inc lifted its stake in Walker & Dunlop by 90.5% in the 1st quarter. Versant Capital Management Inc now owns 383 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 182 shares during the last quarter. Finally, Profund Advisors LLC grew its holdings in Walker & Dunlop by 6.5% during the second quarter. Profund Advisors LLC now owns 2,982 shares of the financial services provider's stock worth $210,000 after purchasing an additional 183 shares during the period. 80.97% of the stock is owned by institutional investors.

About Walker & Dunlop

Walker & Dunlop, Inc is a holding company, which engages in the provision of commercial real estate and finance services. It operates through the following segments: Capital Markets, Servicing and Asset Management, and Corporate. The Capital Markets segment offers a comprehensive range of commercial real estate finance products to customers.