Walker & Dunlop (WD) Reiterated at Market Outperform by Citizens Post Investor Day
Citizens analyst Chris Muller reiterated a Market Outperform rating and $70.00 price target on Walker & Dunlop (NYSE: WD).
The analyst commented, "We reiterate our Market Outperform rating and our price target of $70 (19.4x 2026E EPS of $3.60, ~55% potential upside) on shares of Walker & Dunlop, Inc. following the Investor Day on March 10, our review of the filed Form 10-K, and our working model update. We remain positive on our outlook on Walker & Dunlop following company's Investor Day. Our $70 price target is supported by a P/E multiple of 19.4x on our 2026 EPS estimate of $3.60, compared to peers at 14.7x, which we believe is justified by its strategic position in the housing essential multifamily financing market. In addition, WD has the ability to retain earnings, in contrast to the mortgage REITs, in order to grow book value per share and support the further growth and scale of the company. If our $70 price target is achieved, we believe investors could obtain a potential total return of ~60%, including a current cash yield of 6.0%."
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Shares of Walker & Dunlop closed at $45.27 yesterday.
