Citizens Jmp Cuts Walker & Dunlop (NYSE:WD) Price Target to $55.00

Walker & Dunlop (NYSE:WD) had its price objective decreased by Citizens Jmp from $70.00 to $55.00 in a research report report published on Tuesday,Benzinga reports. Citizens Jmp currently has a market outperform rating on the financial services provider’s stock.

A number of other research firms have also recently commented on WD. Wall Street Zen cut Walker & Dunlop from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Stephens assumed coverage on Walker & Dunlop in a research note on Thursday, April 23rd. They issued an “overweight” rating and a $69.00 price objective on the stock. Keefe, Bruyette & Woods cut their price objective on Walker & Dunlop from $63.00 to $57.00 and set an “outperform” rating for the company in a research report on Friday, August 7th. Weiss Ratings upgraded Walker & Dunlop from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 4th. Finally, Citigroup reissued a “market outperform” rating on shares of Walker & Dunlop in a report on Tuesday. Five analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $64.00.

Walker & Dunlop Trading Down 2.9%

Shares of WD opened at $40.35 on Tuesday. The company’s fifty day simple moving average is $49.16 and its 200 day simple moving average is $50.64. Walker & Dunlop has a 1-year low of $39.45 and a 1-year high of $90.00. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 36.03 and a beta of 1.49.

Walker & Dunlop (NYSE:WD) last announced its quarterly earnings results on Thursday, August 6th. The financial services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.29. The firm had revenue of $306.69 million during the quarter, compared to analysts’ expectations of $337.37 million. Walker & Dunlop had a net margin of 2.94% and a return on equity of 7.25%. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.15 earnings per share.

Walker & Dunlop Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date of this dividend is Thursday, August 20th. Walker & Dunlop’s dividend payout ratio (DPR) is currently 242.86%.

Institutional Trading of Walker & Dunlop

A number of institutional investors have recently bought and sold shares of WD. EverSource Wealth Advisors LLC boosted its stake in shares of Walker & Dunlop by 107.9% in the first quarter. EverSource Wealth Advisors LLC now owns 580 shares of the financial services provider’s stock valued at $26,000 after buying an additional 301 shares during the period. Essential Partners LLC raised its holdings in Walker & Dunlop by 709.1% in the 1st quarter. Essential Partners LLC now owns 623 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 546 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Walker & Dunlop during the 2nd quarter valued at $35,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Walker & Dunlop by 1,398.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 734 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 685 shares during the period. Finally, Strs Ohio acquired a new stake in shares of Walker & Dunlop during the 1st quarter worth $51,000. 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.