Walker & Dunlop (NYSE:WD) Shares Gap Down – What’s Next?

Walker & Dunlop, Inc. (NYSE:WD)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $58.91, but opened at $55.02. Walker & Dunlop shares last traded at $52.67, with a volume of 125,389 shares traded.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Wall Street Zen cut shares of Walker & Dunlop from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Jefferies Financial Group initiated coverage on Walker & Dunlop in a research report on Friday, December 19th. They issued a “buy” rating and a $75.00 price objective for the company. Citigroup reaffirmed a “market outperform” rating on shares of Walker & Dunlop in a research note on Friday, December 5th. Keefe, Bruyette & Woods cut their target price on Walker & Dunlop from $82.00 to $80.00 and set an “outperform” rating on the stock in a report on Thursday, January 8th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Walker & Dunlop in a report on Monday, December 29th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $85.00.

Walker & Dunlop Trading Down 19.8%

The firm has a market capitalization of $1.61 billion, a PE ratio of 14.01 and a beta of 1.55. The stock has a 50 day simple moving average of $62.51 and a 200 day simple moving average of $72.17.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Flagship Harbor Advisors LLC bought a new position in Walker & Dunlop in the fourth quarter worth about $25,000. Allworth Financial LP boosted its holdings in shares of Walker & Dunlop by 115.8% during the 2nd quarter. Allworth Financial LP now owns 479 shares of the financial services provider’s stock valued at $34,000 after buying an additional 257 shares in the last quarter. GAMMA Investing LLC boosted its stake in Walker & Dunlop by 65.7% during the third quarter. GAMMA Investing LLC now owns 479 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 190 shares in the last quarter. Huntington National Bank increased its stake in shares of Walker & Dunlop by 49.6% during the third 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 in the last quarter. Finally, Strs Ohio bought a new position in shares of Walker & Dunlop during the first quarter valued at approximately $51,000. 80.97% of the stock is currently owned by institutional investors.

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.