Walker & Dunlop (NYSE:WD - Get Free Report) had its price objective upped by research analysts at Keefe, Bruyette & Woods from $95.00 to $97.00 in a report issued on Thursday,Benzinga reports. The firm presently has an "outperform" rating on the financial services provider's stock. Keefe, Bruyette & Woods' price objective would suggest a potential upside of 20.98% from the company's current price.
Other analysts also recently issued research reports about the stock. Wedbush reiterated a "neutral" rating and issued a $90.00 target price on shares of Walker & Dunlop in a report on Thursday, August 14th. Weiss Ratings reiterated a "hold (c)" rating on shares of Walker & Dunlop in a research note on Wednesday. Finally, Wall Street Zen raised shares of Walker & Dunlop from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $93.50.
View Our Latest Stock Report on Walker & Dunlop
Walker & Dunlop Trading Up 0.8%
WD stock traded up $0.63 during trading on Thursday, reaching $80.18. 38,893 shares of the stock were exchanged, compared to its average volume of 240,129. The firm's 50 day moving average is $83.34 and its 200 day moving average is $76.98. Walker & Dunlop has a twelve month low of $64.48 and a twelve month high of $118.19. The firm has a market cap of $2.73 billion, a P/E ratio of 24.74 and a beta of 1.59.
Walker & Dunlop (NYSE:WD - Get Free Report) last issued its earnings results on Thursday, August 7th. The financial services provider reported $1.15 earnings per share for the quarter, missing analysts' consensus estimates of $1.29 by ($0.14). Walker & Dunlop had a return on equity of 8.81% and a net margin of 9.27%.The firm had revenue of $319.24 million for the quarter, compared to analyst estimates of $275.84 million. During the same period in the previous year, the company earned $1.23 earnings per share. Walker & Dunlop's revenue for the quarter was up 17.9% compared to the same quarter last year. As a group, analysts predict that Walker & Dunlop will post 4.97 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Walker & Dunlop news, EVP Paula A. Pryor sold 5,336 shares of the firm's stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $86.20, for a total transaction of $459,963.20. Following the completion of the sale, the executive vice president directly owned 9,341 shares in the company, valued at approximately $805,194.20. This trade represents a 36.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.66% of the company's stock.
Institutional Trading of Walker & Dunlop
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Walker & Dunlop in the second quarter worth $30,422,000. Sequoia Financial Advisors LLC purchased a new stake in Walker & Dunlop in the 1st quarter worth $22,363,000. Balyasny Asset Management L.P. purchased a new stake in shares of Walker & Dunlop during the second quarter worth about $15,147,000. Royce & Associates LP grew its position in shares of Walker & Dunlop by 257.2% during the first quarter. Royce & Associates LP now owns 282,688 shares of the financial services provider's stock worth $24,130,000 after purchasing an additional 203,542 shares in the last quarter. Finally, Tributary Capital Management LLC purchased a new stake in shares of Walker & Dunlop during the first quarter worth about $12,111,000. Hedge funds and other institutional investors own 80.97% of the company's stock.
About Walker & Dunlop
(
Get Free Report)
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.
Further Reading
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