Walker & Dunlop, Inc. (NYSE:WD) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Thursday.

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. “

Several other equities research analysts have also recently commented on WD. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $49.00 price objective on shares of Walker & Dunlop in a research report on Thursday, October 12th. JMP Securities raised Walker & Dunlop from a “market perform” rating to an “outperform” rating and set a $55.00 price objective on the stock in a research report on Thursday, August 3rd. Finally, BidaskClub cut Walker & Dunlop from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $44.00.

Walker & Dunlop (WD) traded down 0.27% during trading on Thursday, reaching $55.45. 145,383 shares of the company’s stock were exchanged. Walker & Dunlop has a 12 month low of $23.61 and a 12 month high of $56.46. The firm has a 50 day moving average of $50.85 and a 200-day moving average of $48.47. The stock has a market cap of $1.73 billion, a PE ratio of 12.26 and a beta of 1.37.

Walker & Dunlop (NYSE:WD) last released its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.08 EPS for the quarter, beating the consensus estimate of $1.06 by $0.02. Walker & Dunlop had a return on equity of 22.86% and a net margin of 21.91%. The company had revenue of $166.40 million for the quarter, compared to analysts’ expectations of $167.51 million. During the same period last year, the firm posted $1.05 earnings per share. Walker & Dunlop’s revenue was up 12.5% compared to the same quarter last year. On average, equities research analysts anticipate that Walker & Dunlop will post $4.45 earnings per share for the current fiscal year.

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In other news, Director Dana L. Schmaltz bought 2,000 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were acquired at an average cost of $47.85 per share, with a total value of $95,700.00. Following the completion of the transaction, the director now owns 44,983 shares of the company’s stock, valued at approximately $2,152,436.55. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Dana L. Schmaltz bought 1,000 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was purchased at an average cost of $45.10 per share, for a total transaction of $45,100.00. Following the completion of the transaction, the director now directly owns 47,983 shares of the company’s stock, valued at approximately $2,164,033.30. The disclosure for this purchase can be found here. Insiders acquired 4,000 shares of company stock worth $186,850 over the last three months. Insiders own 11.70% of the company’s stock.

Large investors have recently made changes to their positions in the business. Meeder Asset Management Inc. boosted its position in Walker & Dunlop by 226.2% in the second quarter. Meeder Asset Management Inc. now owns 2,629 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 1,823 shares during the last quarter. Riverhead Capital Management LLC boosted its position in Walker & Dunlop by 68.6% in the second quarter. Riverhead Capital Management LLC now owns 2,698 shares of the financial services provider’s stock worth $132,000 after purchasing an additional 1,098 shares during the last quarter. Cypress Capital Management LLC WY boosted its position in Walker & Dunlop by 72.8% in the second quarter. Cypress Capital Management LLC WY now owns 2,730 shares of the financial services provider’s stock worth $133,000 after purchasing an additional 1,150 shares during the last quarter. LS Investment Advisors LLC boosted its position in Walker & Dunlop by 1.5% in the second quarter. LS Investment Advisors LLC now owns 3,165 shares of the financial services provider’s stock worth $155,000 after purchasing an additional 47 shares during the last quarter. Finally, Flinton Capital Management LLC boosted its position in Walker & Dunlop by 69.4% in the second quarter. Flinton Capital Management LLC now owns 3,570 shares of the financial services provider’s stock worth $174,000 after purchasing an additional 1,462 shares during the last quarter. 77.25% of the stock is currently owned by institutional investors and hedge funds.

Walker & Dunlop Company Profile

Walker & Dunlop, Inc is a holding company, which conducts its operations through Walker & Dunlop, LLC. The Company provides commercial real estate financial products and services primarily to developers and owners of multifamily properties. The Company originates, sells and services a range of multifamily and other commercial real estate financing products, including Multifamily Finance, Federal Housing Administration (FHA) Finance, Capital Markets, and Proprietary Capital.

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