Walker & Dunlop (NYSE:WD) Hits New 52-Week Low – Time to Sell?

Shares of Walker & Dunlop, Inc. (NYSE:WD) hit a new 52-week low during trading on Tuesday . The company traded as low as $81.80 and last traded at $83.28, with a volume of 660 shares. The stock had previously closed at $82.09.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods lowered their price objective on shares of Walker & Dunlop from $120.00 to $105.00 and set a “market perform” rating on the stock in a research report on Friday, February 14th.

Walker & Dunlop Trading Up 2.7 %

The company has a 50 day simple moving average of $93.59 and a two-hundred day simple moving average of $103.38. The firm has a market capitalization of $2.85 billion, a P/E ratio of 26.26 and a beta of 1.55.

Walker & Dunlop (NYSE:WD) last released its quarterly earnings results on Thursday, February 13th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.18). Walker & Dunlop had a net margin of 9.55% and a return on equity of 9.64%. The business had revenue of $341.45 million for the quarter, compared to analysts’ expectations of $316.82 million. On average, sell-side analysts expect that Walker & Dunlop, Inc. will post 4.97 EPS for the current fiscal year.

Walker & Dunlop Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.67 dividend. This is an increase from Walker & Dunlop’s previous quarterly dividend of $0.65. This represents a $2.68 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend is Friday, February 28th. Walker & Dunlop’s dividend payout ratio is currently 81.50%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sterling Capital Management LLC lifted its position in shares of Walker & Dunlop by 456.4% during the fourth quarter. Sterling Capital Management LLC now owns 306 shares of the financial services provider’s stock valued at $30,000 after buying an additional 251 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Walker & Dunlop by 1,295.8% in the 3rd quarter. Blue Trust Inc. now owns 335 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 311 shares during the last quarter. National Bank of Canada FI raised its holdings in shares of Walker & Dunlop by 42.2% during the third quarter. National Bank of Canada FI now owns 391 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 116 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Walker & Dunlop by 230.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 751 shares of the financial services provider’s stock valued at $72,000 after purchasing an additional 524 shares during the period. Finally, State of Wyoming acquired a new position in Walker & Dunlop during the fourth quarter valued at $96,000. 80.97% of the stock is currently owned by institutional investors.

Walker & Dunlop Company Profile

Walker & Dunlop, Inc is a holding company, which engages in the provision of commercial real estate and finance services. It operates through the following segments: Capital Markets, Servicing and Asset Management, and Corporate. The Capital Markets segment offers a comprehensive range of commercial real estate finance products to customers.