Wedbush set a $28.00 target price on Walker & Dunlop Inc. (NYSE:WD) in a research report released on Tuesday. The firm currently has a hold rating on the stock.
Several other research analysts also recently commented on WD. Zacks Investment Research raised Walker & Dunlop from a hold rating to a buy rating and set a $30.00 price objective for the company in a research note on Saturday, November 5th. Keefe, Bruyette & Woods upped their target price on Walker & Dunlop from $23.00 to $26.00 and gave the company a market perform rating in a report on Thursday, August 4th. Finally, JMP Securities upped their target price on Walker & Dunlop from $27.00 to $30.00 and gave the company a market outperform rating in a report on Thursday, August 4th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $29.00.
Shares of Walker & Dunlop (NYSE:WD) opened at 29.73 on Tuesday. The company has a 50 day moving average price of $26.07 and a 200 day moving average price of $25.19. The company has a market capitalization of $915.80 million, a P/E ratio of 9.38 and a beta of 1.12. Walker & Dunlop has a 12-month low of $19.50 and a 12-month high of $31.00.
Walker & Dunlop (NYSE:WD) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported $0.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.25. Walker & Dunlop had a return on equity of 18.49% and a net margin of 18.82%. The firm earned $154.80 million during the quarter, compared to the consensus estimate of $129.17 million. During the same period in the prior year, the company earned $0.66 EPS. The firm’s revenue was up 28.1% compared to the same quarter last year. Equities analysts anticipate that Walker & Dunlop will post $3.19 EPS for the current year.
In related news, President Howard W. Smith III sold 19,897 shares of the stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $29.00, for a total transaction of $577,013.00. Following the transaction, the president now owns 831,849 shares of the company’s stock, valued at approximately $24,123,621. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, President Howard W. Smith III sold 96,603 shares of the stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $28.52, for a total value of $2,755,117.56. Following the transaction, the president now directly owns 944,076 shares in the company, valued at approximately $26,925,047.52. The disclosure for this sale can be found here. Insiders own 11.60% of the company’s stock.
A number of institutional investors have recently bought and sold shares of WD. Citadel Advisors LLC purchased a new position in Walker & Dunlop during the second quarter valued at about $10,033,000. Kestrel Investment Management Corp purchased a new position in Walker & Dunlop during the second quarter valued at about $4,914,000. Matarin Capital Management LLC purchased a new position in Walker & Dunlop during the third quarter valued at about $5,233,000. BlackRock Fund Advisors raised its position in Walker & Dunlop by 10.5% in the third quarter. BlackRock Fund Advisors now owns 1,967,506 shares of the company’s stock valued at $49,699,000 after buying an additional 187,579 shares during the last quarter. Finally, Riverhead Capital Management LLC raised its position in Walker & Dunlop by 2,706.3% in the second quarter. Riverhead Capital Management LLC now owns 182,749 shares of the company’s stock valued at $13,344,000 after buying an additional 176,237 shares during the last quarter. 76.12% of the stock is currently owned by hedge funds and other institutional investors.
About Walker & Dunlop