Walker & Dunlop (NYSE:WD) Hits New 12-Month Low – What’s Next?

Walker & Dunlop, Inc. (NYSE:WD) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $86.89 and last traded at $86.98, with a volume of 104587 shares traded. The stock had previously closed at $92.24.

Analysts Set New Price Targets

WD has been the topic of several research reports. Wolfe Research raised shares of Walker & Dunlop to a “strong-buy” rating in a research note on Tuesday, September 24th. Wedbush boosted their price target on shares of Walker & Dunlop from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th.

Walker & Dunlop Price Performance

The company has a market capitalization of $2.95 billion, a PE ratio of 31.21 and a beta of 1.55. The firm’s 50 day moving average is $104.06 and its 200 day moving average is $105.41.

Walker & Dunlop (NYSE:WD) last posted its earnings results on Thursday, November 7th. The financial services provider reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.10). The firm had revenue of $292.30 million for the quarter, compared to analysts’ expectations of $294.24 million. Walker & Dunlop had a return on equity of 9.81% and a net margin of 8.91%. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.11 earnings per share. As a group, analysts predict that Walker & Dunlop, Inc. will post 5.18 EPS for the current fiscal year.

Walker & Dunlop Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend was Friday, November 22nd. Walker & Dunlop’s payout ratio is 92.86%.

Hedge Funds Weigh In On Walker & Dunlop

Institutional investors have recently bought and sold shares of the stock. State Street Corp grew its position in shares of Walker & Dunlop by 1.3% in the 3rd quarter. State Street Corp now owns 1,434,370 shares of the financial services provider’s stock worth $162,930,000 after buying an additional 18,461 shares during the period. Victory Capital Management Inc. grew its holdings in Walker & Dunlop by 33.1% in the third quarter. Victory Capital Management Inc. now owns 1,415,479 shares of the financial services provider’s stock worth $160,784,000 after purchasing an additional 351,957 shares during the period. Dimensional Fund Advisors LP grew its holdings in Walker & Dunlop by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,319,434 shares of the financial services provider’s stock worth $129,566,000 after purchasing an additional 20,739 shares during the period. FMR LLC increased its stake in shares of Walker & Dunlop by 48.7% during the third quarter. FMR LLC now owns 1,227,874 shares of the financial services provider’s stock valued at $139,474,000 after purchasing an additional 402,313 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Walker & Dunlop by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 451,207 shares of the financial services provider’s stock valued at $51,253,000 after purchasing an additional 3,099 shares during the last quarter. 80.97% of the stock is owned by institutional investors.

Walker & Dunlop Company Profile

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. It operates through three segments: Capital Markets, Servicing & Asset Management, and Corporate.