Walker & Dunlop (NYSE:WD) Earns Neutral Rating from Wedbush

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 restated by investment analysts at Wedbush in a research note issued to investors on Thursday,RTT News reports. They presently have a $90.00 target price on the financial services provider's stock. Wedbush's target price would indicate a potential upside of 6.66% from the stock's current price.

Other analysts also recently issued reports about the stock. Keefe, Bruyette & Woods cut their price objective on shares of Walker & Dunlop from $105.00 to $95.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th. Wall Street Zen raised shares of Walker & Dunlop from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 9th.

Walker & Dunlop Stock Down 0.3%

WD traded down $0.23 during midday trading on Thursday, hitting $84.38. The company had a trading volume of 212,405 shares, compared to its average volume of 288,782. Walker & Dunlop has a 52 week low of $64.48 and a 52 week high of $118.19. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 26.04 and a beta of 1.57. The stock's 50 day moving average price is $73.72 and its 200 day moving average price is $77.99.

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

Institutional Investors Weigh In On Walker & Dunlop

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. purchased a new stake in shares of Walker & Dunlop in the first quarter valued at $27,000. Sterling Capital Management LLC lifted its position in shares of Walker & Dunlop by 456.4% in the fourth quarter. Sterling Capital Management LLC now owns 306 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 251 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Walker & Dunlop in the first quarter valued at $32,000. Versant Capital Management Inc lifted its position in shares of Walker & Dunlop by 90.5% in the first quarter. Versant Capital Management Inc now owns 383 shares of the financial services provider's stock valued at $33,000 after acquiring an additional 182 shares in the last quarter. Finally, Allworth Financial LP lifted its position in shares of Walker & Dunlop by 115.8% in the second quarter. Allworth Financial LP now owns 479 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 257 shares in the last quarter. Hedge funds and other institutional investors own 80.97% of the company's stock.

Walker & Dunlop Company Profile

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.

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