Walker & Dunlop (NYSE: WD) raised to “stick” to Zacks Investment Research

Walker & Dunlop (NYSE: WD) was upgraded by Zacks Investment Research from a “strong sell” rating to a “conservation” rating in a report released Tuesday, Zacks.com reports.

According to Zacks, “Walker & Dunlop, LLC provides commercial real estate financial services in the United States, with a primary focus 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 real estate owners, 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. “

Separately, JMP Securities raised its target price on Walker & Dunlop shares from $ 130.00 to $ 140.00 and gave the stock an “outperformance” rating in a research report published on Thursday, October 7th. . Two analysts rated the stock with a conservation rating and three gave the company’s stock a buy rating. According to MarketBeat data, the stock currently has a consensus rating of “Buy” and an average price target of $ 121.00.

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WD shares traded up $ 0.38 at midday on Tuesday, reaching $ 126.35. The company had a trade volume of 103 shares, compared to an average volume of 154,336. The company’s 50-day simple moving average is $ 110.67 and its 200-day simple moving average is 106.16 $. The company has a quick ratio of 206.85, a current ratio of 206.85 and a debt ratio of 1.63. Walker & Dunlop has a one-year low at $ 57.37 and a one-year high at $ 130.35. The stock has a market cap of $ 4.02 billion, a PE ratio of 16.26 and a beta of 1.32.

Walker & Dunlop (NYSE: WD) last released its results on Thursday, August 5. The financial services provider reported earnings per share (EPS) of $ 1.73 for the quarter, missing the Thomson Reuters consensus estimate of $ 2.05 ($ 0.32). Walker & Dunlop recorded a return on equity of 20.07% and a net margin of 22.78%. The company posted revenue of $ 281.40 million in the quarter, compared to analysts’ estimates of $ 274.33 million. During the same period of the previous year, the company posted earnings per share of $ 1.95. Walker & Dunlop revenue increased 11.3% year-on-year. On average, sell-side analysts expect Walker & Dunlop to post earnings per share of 7.75 for the current year.

A number of hedge funds have recently changed their positions in the company. Ellsworth Advisors LLC acquired a new position in Walker & Dunlop shares during the third quarter valued at $ 307,000. Insight Folios Inc acquired a new position in shares of Walker & Dunlop during the third quarter valued at $ 430,000. Kathmere Capital Management LLC acquired a new position in Walker & Dunlop shares during the third quarter valued at $ 15,293,000. Teamwork Financial Advisors LLC increased its position in Walker & Dunlop shares by 62.7% in the third quarter. Teamwork Financial Advisors LLC now owns 5,320 shares of the financial services provider valued at $ 604,000 after purchasing an additional 2,051 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its position in Walker & Dunlop shares by 6.0% during the third quarter. The Louisiana State Employee Retirement System now owns 14,100 shares of the financial services provider worth $ 1,600,000 after purchasing 800 more shares in the last quarter. 72.27% of the shares are currently held by hedge funds and other 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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