Walker & Dunlop (NYSE:WD) Price Target Cut to $105.00 by Analysts at Keefe, Bruyette & Woods

Walker & Dunlop (NYSE:WD) had its price target cut by Keefe, Bruyette & Woods from $120.00 to $105.00 in a research report report published on Friday,Benzinga reports. They currently have a market perform rating on the financial services provider’s stock.

Walker & Dunlop Price Performance

NYSE:WD opened at $86.33 on Friday. The business has a 50 day moving average of $96.73 and a 200 day moving average of $104.29. The company has a market capitalization of $2.92 billion, a price-to-earnings ratio of 30.83 and a beta of 1.55. Walker & Dunlop has a 1-year low of $84.63 and a 1-year high of $118.19.

Walker & Dunlop (NYSE:WD) last announced its quarterly earnings results on Thursday, February 13th. The financial services provider reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.18). Walker & Dunlop had a return on equity of 9.81% and a net margin of 8.91%. As a group, sell-side analysts anticipate that Walker & Dunlop will post 5.14 EPS for the current year.

Walker & Dunlop Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.67 dividend. This is a boost from Walker & Dunlop’s previous quarterly dividend of $0.65. This represents a $2.68 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date is Friday, February 28th. Walker & Dunlop’s payout ratio is 92.86%.

Hedge Funds Weigh In On Walker & Dunlop

A number of large investors have recently bought and sold shares of the stock. National Bank of Canada FI increased its stake in shares of Walker & Dunlop by 42.2% during the third quarter. National Bank of Canada FI now owns 391 shares of the financial services provider’s stock valued at $44,000 after buying an additional 116 shares during the period. Versor Investments LP increased its stake in shares of Walker & Dunlop by 3.8% during the fourth quarter. Versor Investments LP now owns 3,426 shares of the financial services provider’s stock valued at $333,000 after buying an additional 126 shares during the period. Signaturefd LLC increased its stake in shares of Walker & Dunlop by 10.3% during the third quarter. Signaturefd LLC now owns 1,405 shares of the financial services provider’s stock valued at $160,000 after buying an additional 131 shares during the period. Synergy Financial Group LTD increased its stake in shares of Walker & Dunlop by 1.7% during the third quarter. Synergy Financial Group LTD now owns 8,601 shares of the financial services provider’s stock valued at $977,000 after buying an additional 141 shares during the period. Finally, Ameritas Investment Partners Inc. increased its stake in shares of Walker & Dunlop by 5.9% during the fourth quarter. Ameritas Investment Partners Inc. now owns 3,362 shares of the financial services provider’s stock valued at $327,000 after buying an additional 187 shares during the period. 80.97% of the stock is owned by hedge funds and other institutional investors.

About Walker & Dunlop

Walker & Dunlop, Inc is a holding company, which engages in the provision of commercial real estate and finance services. It operates through the following segments: Capital Markets, Servicing and Asset Management, and Corporate. The Capital Markets segment offers a comprehensive range of commercial real estate finance products to customers.