Walker & Dunlop (NYSE:WD) Hits New 12-Month Low - Should You Sell?

Walker & Dunlop, Inc. (NYSE:WD - Get Free Report)'s stock price reached 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 changing hands. The stock had previously closed at $92.24.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Wolfe Research raised Walker & Dunlop to a "strong-buy" rating in a research report on Tuesday, September 24th. Wedbush upped their price target on shares of Walker & Dunlop from $105.00 to $110.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 25th.

Walker & Dunlop Trading Down 5.2 %

The firm has a 50 day moving average of $104.06 and a 200-day moving average of $105.34. The company has a market cap of $2.95 billion, a P/E ratio of 31.21 and a beta of 1.55.

Walker & Dunlop (NYSE:WD - Get Free Report) last released its earnings results on Thursday, November 7th. The financial services provider reported $1.19 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.10). The company had revenue of $292.30 million during 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%. Walker & Dunlop's quarterly revenue was up 8.8% compared to the same quarter last year. During the same period last year, the firm posted $1.11 EPS. Equities analysts predict that Walker & Dunlop, Inc. will post 5.18 EPS for the current fiscal year.

Walker & Dunlop Dividend Announcement

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

Hedge Funds Weigh In On Walker & Dunlop

Several institutional investors have recently added to or reduced their stakes in WD. Harbor Capital Advisors Inc. boosted its position in shares of Walker & Dunlop by 8.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 10,089 shares of the financial services provider's stock valued at $981,000 after acquiring an additional 763 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Walker & Dunlop by 4.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,723 shares of the financial services provider's stock valued at $556,000 after purchasing an additional 256 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Walker & Dunlop by 29.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 72,649 shares of the financial services provider's stock worth $8,252,000 after buying an additional 16,481 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Walker & Dunlop by 7.6% in the 3rd quarter. Franklin Resources Inc. now owns 44,016 shares of the financial services provider's stock worth $4,921,000 after buying an additional 3,101 shares during the last quarter. Finally, Synergy Financial Group LTD raised its position in shares of Walker & Dunlop by 1.7% during the 3rd quarter. Synergy Financial Group LTD now owns 8,601 shares of the financial services provider's stock valued at $977,000 after buying an additional 141 shares in the last quarter. Hedge funds and other institutional investors own 80.97% of the company's stock.

About Walker & Dunlop

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.