Wedbush set a $28.00 price objective on Walker & Dunlop Inc. (NYSE:WD) in a research report sent to investors on Tuesday morning. The brokerage currently has a hold rating on the stock.
A number of other research analysts have also recently commented on WD. JMP Securities upped their price target on shares of Walker & Dunlop from $27.00 to $30.00 and gave the stock a market outperform rating in a report on Thursday, August 4th. Keefe, Bruyette & Woods upped their price target on shares of Walker & Dunlop from $23.00 to $26.00 and gave the stock a market perform rating in a report on Thursday, August 4th. Finally, Zacks Investment Research upgraded shares of Walker & Dunlop from a sell rating to a strong-buy rating and set a $32.00 price target on the stock in a report on Saturday, August 6th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $29.00.
Walker & Dunlop (NYSE:WD) opened at 29.52 on Tuesday. Walker & Dunlop has a one year low of $19.50 and a one year high of $31.00. The firm has a 50-day moving average of $26.22 and a 200 day moving average of $25.23. The stock has a market capitalization of $909.33 million, a PE ratio of 9.31 and a beta of 1.12.
Walker & Dunlop (NYSE:WD) last announced its earnings results on Wednesday, November 2nd. The company reported $0.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.25. Walker & Dunlop had a net margin of 18.82% and a return on equity of 18.49%. The business had revenue of $154.80 million for the quarter, compared to the consensus estimate of $129.17 million. During the same quarter in the prior year, the firm posted $0.66 earnings per share. The business’s revenue for the quarter was up 28.1% on a year-over-year basis. On average, equities research analysts anticipate that Walker & Dunlop will post $3.19 earnings per share for the current fiscal year.
In other news, Director Dana L. Schmaltz purchased 1,500 shares of the stock in a transaction dated Friday, September 9th. The shares were acquired at an average cost of $25.85 per share, for a total transaction of $38,775.00. Following the acquisition, the director now owns 41,833 shares of the company’s stock, valued at $1,081,383.05. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO William M. Walker sold 26,016 shares of the firm’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $26.49, for a total transaction of $689,163.84. Following the completion of the sale, the chief executive officer now owns 1,463,329 shares in the company, valued at $38,763,585.21. The disclosure for this sale can be found here. Company insiders own 11.60% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in WD. Citadel Advisors LLC purchased a new stake in Walker & Dunlop during the second quarter worth $10,033,000. Kestrel Investment Management Corp purchased a new stake in Walker & Dunlop during the second quarter worth $4,914,000. Matarin Capital Management LLC bought a new position in shares of Walker & Dunlop during the third quarter valued at approximately $5,233,000. BlackRock Fund Advisors raised its position in shares of 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 shares of 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. Institutional investors and hedge funds own 76.12% of the company’s stock.
Walker & Dunlop Company Profile