Walker & Dunlop (NYSE:WD) Trading Down 16.7% – Should You Sell?

Shares of Walker & Dunlop, Inc. (NYSE:WD) traded down 16.7% during mid-day trading on Thursday . The company traded as low as $44.90 and last traded at $42.8090. 19,820 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 320,429 shares. The stock had previously closed at $51.39.

Wall Street Analyst Weigh In

WD has been the topic of a number of recent research reports. Weiss Ratings raised Walker & Dunlop from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday. Wall Street Zen upgraded shares of Walker & Dunlop from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Stephens started coverage on shares of Walker & Dunlop in a research report on Thursday, April 23rd. They set an “overweight” rating and a $69.00 target price for the company. Finally, Keefe, Bruyette & Woods increased their price target on shares of Walker & Dunlop from $65.00 to $67.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $79.20.

Walker & Dunlop Stock Down 17.6%

The firm has a market cap of $1.45 billion, a PE ratio of 21.21 and a beta of 1.49. The firm’s fifty day simple moving average is $51.02 and its two-hundred day simple moving average is $52.34.

Walker & Dunlop (NYSE:WD) last announced its quarterly earnings data on Thursday, August 6th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.29. The firm had revenue of $306.69 million during the quarter, compared to analysts’ expectations of $337.37 million. Walker & Dunlop had a net margin of 5.29% and a return on equity of 7.18%. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.15 earnings per share.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Royal Bank of Canada raised its holdings in Walker & Dunlop by 41.4% during the first quarter. Royal Bank of Canada now owns 8,196 shares of the financial services provider’s stock valued at $699,000 after acquiring an additional 2,399 shares during the period. AQR Capital Management LLC grew its position in shares of Walker & Dunlop by 17.5% during the first quarter. AQR Capital Management LLC now owns 3,702 shares of the financial services provider’s stock worth $316,000 after purchasing an additional 552 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Walker & Dunlop by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,115 shares of the financial services provider’s stock worth $1,632,000 after purchasing an additional 823 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Walker & Dunlop by 7.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 107,730 shares of the financial services provider’s stock valued at $9,196,000 after purchasing an additional 7,470 shares during the period. Finally, Jane Street Group LLC raised its stake in Walker & Dunlop by 1,136.3% during the 1st quarter. Jane Street Group LLC now owns 62,497 shares of the financial services provider’s stock valued at $5,335,000 after purchasing an additional 57,442 shares during the period. Institutional investors own 80.97% of the company’s stock.

About Walker & Dunlop

Walker & Dunlop is one of the largest providers of commercial real estate finance in the United States, specializing in the origination, servicing and sale of loans secured by multifamily, seniors housing, healthcare, student housing and manufactured housing properties. The firm offers a full suite of debt and equity solutions, including agency financing through Fannie Mae and Freddie Mac, HUD and FHA-insured loans, bridge and construction financing, mezzanine debt, preferred equity, and investment sales advisory.

With roots dating back to 1937 and its headquarters in Bethesda, Maryland, Walker & Dunlop has expanded its platform through both organic growth and strategic acquisitions.