Walker & Dunlop (NYSE: WD) demoted to “Hold” at Zacks Investment Research

Walker & Dunlop (NYSE: WD) has been downgraded from Zacks investment research from a “strong buy” note to a “conservation” note in a note issued to investors on Friday, Zacks.com reports.

According to Zacks, “Walker & Dunlop, LLC provides commercial real estate financial services in the United States, with an emphasis on multi-family loans. The company also offers service loans to life insurance companies, commercial banks and other institutional investors such as a loan broker. Walker & Dunlop’s Multifamily and FHA Finance groups focus on lending to homeowners, investors and developers of multi-family properties across the country. consultancy and related services. Walker & Dunlop’s healthcare finance group provides debt financing for healthcare properties. The Company’s principal investments include the origination, underwriting, execution and management of commercial real estate opportunities in all types of properties and geographies in the continental United States. Walker & Dunlop, LLC is based in Bethesda, Maryland. “

WD has been the subject of several other research reports. Jefferies Financial Group began covering Walker & Dunlop shares in a report on Monday, November 8. They issued a “buy” note and a target price of $ 190.00 for the company. JMP Securities raised its price target for Walker & Dunlop shares from $ 130.00 to $ 140.00 and gave the company an “outperformance” rating in a report released Thursday, October 7. Two equity research analysts rated the stock with a conservation rating and four gave the company’s stock a buy rating. According to data from MarketBeat.com, Walker & Dunlop has an average “Buy” rating and a consensus target price of $ 140.83.

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Actions of NYSE WD traded down $ 0.03 in Friday’s session, reaching $ 148.65. The company had a trading volume of 1,079 shares, compared to an average volume of 159,119. The company has a market capitalization of $ 4.76 billion, a price / earnings ratio of 17.87 and a beta of 1.24 . Walker & Dunlop has a 52 week low of $ 81.52 and a 52 week high of $ 156.77. The stock has a fifty day simple moving average of $ 146.73 and a two hundred day simple moving average of $ 122.12.

Walker & Dunlop (NYSE: WD) last reported its results on Thursday, November 4. The financial services provider reported earnings per share of $ 2.21 for the quarter, beating the consensus estimate of $ 2.07 by $ 0.14. Walker & Dunlop had a net margin of 22.44% and a return on equity of 20.46%. The company posted revenue of $ 346.30 million for the quarter, compared to a consensus estimate of $ 311.43 million. During the same period of the previous year, the company earned $ 1.66 per share. The company’s revenue for the quarter increased 40.2% year-over-year. Sell-side analysts expect Walker & Dunlop to post 8.03 EPS for the current year.

Several institutional investors and hedge funds have recently changed their positions in the company. Valeo Financial Advisors LLC acquired a new stake in Walker & Dunlop in the fourth quarter for a value of approximately $ 272,000. UBS Asset Management Americas Inc. increased its position in Walker & Dunlop by 13.1% in the third quarter. UBS Asset Management Americas Inc. now owns 36,922 shares of the financial services provider valued at $ 4,191,000 after acquiring an additional 4,277 shares in the last quarter. Comerica Bank increased its position in Walker & Dunlop by 96.0% in the third quarter. Comerica Bank now owns 54,156 shares of the financial services provider valued at $ 6,040,000 after acquiring an additional 26,525 shares in the last quarter. Centiva Capital LP acquired a new stake in Walker & Dunlop during the 3rd quarter for a value of approximately $ 227,000. Finally, BNP Paribas Arbitrage SA increased its stake in Walker & Dunlop by 134.0% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 31,534 shares of the financial services provider valued at $ 3,579,000 after purchasing an additional 18,060 shares during the period. 72.76% of the shares are held by institutional investors.

Walker & Dunlop Company Profile

Walker & Dunlop, Inc. is a holding company that provides commercial real estate and financial services. He focuses on multi-family loans, debt brokerage, and property sales. It also involves the delivery and service of loan products for its customers. The company was founded by Oliver Walker and Laird Dunlop in 1937 and is headquartered in Bethesda, Maryland.

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Analyst Recommendations for Walker & Dunlop (NYSE: WD)

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