Walker & Dunlop (NYSE:WD) Upgraded to “Buy” at Zacks Investment Research

Walker & Dunlop (NYSE:WDGet Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday, Zacks.com reports. The brokerage currently has a $141.00 price target on the financial services provider’s stock. Zacks Investment Research‘s price target points to a potential upside of 8.23% from the stock’s current price.

According to Zacks, “Walker & Dunlop, LLC is engaged in providing commercial real estate financial services in the United States, with a primary focus on multifamily lending. The Company also offers service loans for life insurance companies, commercial banks and other institutional investors as a loan broker. The Multifamily and FHA Finance groups of Walker & Dunlop are focused on lending to property owners, investors, and developers of multifamily properties across the country. The Capital Markets and Investment Services groups provide a broad range of advisory, financing, investment consulting and related services. Walker & Dunlop’s Healthcare Finance group provides debt financing for healthcare properties. The Company’s Principle Investments include origination, underwriting, execution and management of commercial real estate opportunities across property types and geographies within the continental United States. Walker & Dunlop, LLC is based in Bethesda, Maryland. “

A number of other equities analysts have also issued reports on the stock. StockNews.com started coverage on shares of Walker & Dunlop in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Wolfe Research lowered their target price on shares of Walker & Dunlop from $191.00 to $183.00 and set an “outperform” rating on the stock in a research report on Thursday, March 10th. Finally, Keefe, Bruyette & Woods upgraded shares of Walker & Dunlop from a “market perform” rating to an “outperform” rating in a research report on Friday, January 21st. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $163.50.

Walker & Dunlop stock traded up $2.87 during mid-day trading on Tuesday, hitting $130.28. The company had a trading volume of 608 shares, compared to its average volume of 167,678. The stock has a market cap of $4.31 billion, a price-to-earnings ratio of 15.99 and a beta of 1.18. Walker & Dunlop has a 1 year low of $95.01 and a 1 year high of $156.77. The company has a quick ratio of 160.37, a current ratio of 160.37 and a debt-to-equity ratio of 1.70. The business has a fifty day moving average of $134.78 and a 200 day moving average of $137.28.

Walker & Dunlop (NYSE:WDGet Rating) last announced its earnings results on Thursday, February 3rd. The financial services provider reported $2.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.12. The business had revenue of $407.19 million for the quarter, compared to analyst estimates of $356.00 million. Walker & Dunlop had a net margin of 21.17% and a return on equity of 18.81%. The company’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period last year, the firm posted $2.59 earnings per share. Equities analysts anticipate that Walker & Dunlop will post 10.19 earnings per share for the current year.

In related news, EVP Paula A. Pryor sold 1,652 shares of the stock in a transaction on Wednesday, March 16th. The stock was sold at an average price of $132.27, for a total transaction of $218,510.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 8.05% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. GPM Growth Investors Inc. lifted its holdings in Walker & Dunlop by 15.6% in the first quarter. GPM Growth Investors Inc. now owns 60,114 shares of the financial services provider’s stock valued at $7,780,000 after acquiring an additional 8,127 shares during the period. Evergreen Capital Management LLC acquired a new stake in Walker & Dunlop in the fourth quarter valued at $250,000. Norges Bank acquired a new stake in Walker & Dunlop in the fourth quarter valued at $39,653,000. Barclays PLC increased its position in shares of Walker & Dunlop by 63.8% in the fourth quarter. Barclays PLC now owns 38,282 shares of the financial services provider’s stock valued at $5,775,000 after buying an additional 14,908 shares in the last quarter. Finally, BlackRock Inc. increased its position in shares of Walker & Dunlop by 2.2% in the fourth quarter. BlackRock Inc. now owns 4,739,407 shares of the financial services provider’s stock valued at $715,083,000 after buying an additional 100,326 shares in the last quarter. 71.44% of the stock is owned by institutional investors.

Walker & Dunlop Company Profile (Get Rating)

Walker & Dunlop, Inc, through its subsidiaries, originates, sells, and services a range of multifamily and other commercial real estate financing products and services for owners and developers of real estate in the United States. The company offers first mortgage, second trust, supplemental, construction, mezzanine, preferred equity, small-balance, and bridge/interim loans.

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