Walker & Dunlop (NYSE:WD) Price Target Raised to $67.00

Walker & Dunlop (NYSE:WD) had its target price raised by Keefe, Bruyette & Woods from $65.00 to $67.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 22.74% from the company’s current price.

WD has been the topic of a number of other research reports. Weiss Ratings lowered shares of Walker & Dunlop from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 6th. Stephens started coverage on shares of Walker & Dunlop in a research report on Thursday, April 23rd. They set an “overweight” rating and a $69.00 target price on the stock. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.20.

Walker & Dunlop Stock Up 2.7%

Shares of NYSE:WD opened at $54.59 on Friday. The company’s 50 day moving average price is $47.73 and its two-hundred day moving average price is $59.48. Walker & Dunlop has a 12-month low of $42.12 and a 12-month high of $90.00. The firm has a market cap of $1.87 billion, a PE ratio of 33.28 and a beta of 1.52.

Walker & Dunlop (NYSE:WD) last announced its earnings results on Thursday, February 26th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.46 by ($1.18). Walker & Dunlop had a return on equity of 6.81% and a net margin of 4.56%.The business had revenue of $340.02 million for the quarter, compared to analyst estimates of $343.66 million. During the same quarter in the previous year, the company earned $1.32 EPS. The business’s revenue for the quarter was down .4% on a year-over-year basis.

Insider Buying and Selling

In other news, Director Ernest Michael Freedman purchased 5,000 shares of the business’s stock in a transaction dated Thursday, March 5th. The stock was bought at an average price of $49.21 per share, with a total value of $246,050.00. Following the acquisition, the director owned 6,097 shares in the company, valued at approximately $300,033.37. The trade was a 455.79% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Dana L. Schmaltz purchased 1,000 shares of the business’s stock in a transaction dated Wednesday, March 18th. The shares were purchased at an average cost of $45.78 per share, with a total value of $45,780.00. Following the acquisition, the director owned 84,325 shares in the company, valued at $3,860,398.50. This trade represents a 1.20% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 4.02% of the company’s stock.

Institutional Trading of Walker & Dunlop

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Arizona State Retirement System lifted its holdings in shares of Walker & Dunlop by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 10,055 shares of the financial services provider’s stock worth $841,000 after acquiring an additional 142 shares during the period. ProShare Advisors LLC lifted its stake in Walker & Dunlop by 3.1% in the 4th quarter. ProShare Advisors LLC now owns 6,425 shares of the financial services provider’s stock valued at $386,000 after purchasing an additional 192 shares during the last quarter. Huntington National Bank lifted its stake in Walker & Dunlop by 49.6% in the 3rd quarter. Huntington National Bank now owns 585 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 194 shares during the last quarter. State of Alaska Department of Revenue lifted 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 valued at $1,129,000 after purchasing an additional 202 shares during the last quarter. Finally, HighTower Advisors LLC lifted its stake in Walker & Dunlop by 1.0% in the 3rd quarter. HighTower Advisors LLC now owns 20,245 shares of the financial services provider’s stock valued at $1,693,000 after purchasing an additional 209 shares during the last quarter. Institutional investors own 80.97% of the company’s stock.

Walker & Dunlop Company Profile

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.