Walker & Dunlop, Inc. (WD) Cut to “Hold” at Zacks Investment Research
Zacks Investment Research downgraded shares of Walker & Dunlop, Inc. (NYSE:WD) from a strong-buy rating to a hold rating in a report released on Tuesday, April 18th.
According to Zacks, “Walker & Dunlop, LLC is engaged in providing commercial real estate financial services in the United States, with a primary focus on multifamily lending. The Company also offers service loans for life insurance companies, commercial banks and other institutional investors as a loan broker. The Multifamily and FHA Finance groups of Walker & Dunlop are focused on lending to property owners, investors, and developers of multifamily properties across the country. The Capital Markets and Investment Services groups provide a broad range of advisory, financing, investment consulting and related services. Walker & Dunlop’s Healthcare Finance group provides debt financing for healthcare properties. The Company’s Principle Investments include origination, underwriting, execution and management of commercial real estate opportunities across property types and geographies within the continental United States. Walker & Dunlop, LLC is based in Bethesda, Maryland. “
WD has been the topic of a number of other research reports. TheStreet raised shares of Walker & Dunlop from a c+ rating to a b- rating in a research note on Friday, February 3rd. Keefe, Bruyette & Woods reissued a hold rating on shares of Walker & Dunlop in a research note on Thursday, April 6th. Three investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Buy and an average price target of $35.00.
Walker & Dunlop (NYSE:WD) last posted its earnings results on Wednesday, May 3rd. The financial services provider reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.78. The firm had revenue of $158.51 million for the quarter, compared to analysts’ expectations of $133.97 million. Walker & Dunlop had a net margin of 19.80% and a return on equity of 20.41%. The company’s revenue was up 68.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.50 earnings per share.
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Institutional investors have recently made changes to their positions in the stock. Lazard Asset Management LLC bought a new position in shares of Walker & Dunlop during the third quarter valued at $973,000. Renaissance Technologies LLC raised its position in shares of Walker & Dunlop by 40.5% in the fourth quarter. Renaissance Technologies LLC now owns 82,063 shares of the financial services provider’s stock valued at $2,560,000 after buying an additional 23,663 shares in the last quarter. Thrivent Financial for Lutherans raised its position in shares of Walker & Dunlop by 6.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 15,160 shares of the financial services provider’s stock valued at $473,000 after buying an additional 950 shares in the last quarter. Allianz Asset Management AG raised its stake in Walker & Dunlop by 30.2% in the fourth quarter. Allianz Asset Management AG now owns 72,076 shares of the financial services provider’s stock worth $2,248,000 after buying an additional 16,726 shares in the last quarter. Finally, Two Sigma Investments LP acquired a new stake in Walker & Dunlop during the fourth quarter worth $1,128,000. Hedge funds and other institutional investors own 73.45% of the company’s stock.
About Walker & Dunlop
Walker & Dunlop, Inc is a holding company, which conducts its operations through Walker & Dunlop, LLC. The Company provides commercial real estate financial products and services primarily to developers and owners of multifamily properties. The Company originates, sells and services a range of multifamily and other commercial real estate financing products, including Multifamily Finance, Federal Housing Administration (FHA) Finance, Capital Markets, and Proprietary Capital.
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