Keefe Bruyette Cuts PT on Walker & Dunlop (WD) – Here’s Why

Walker & Dunlop, Inc. (NYSE:WD) is one ofthe best cheap small cap stocks to buy now. Keefe Bruyette cut the price target on Walker & Dunlop, Inc. (NYSE:WD) to $63 from $67 on June 15, and maintained an Outperform rating on the shares. The firm told investors in a research note that it is "slightly" more cautious on the commercial real estate outlook.

In a separate development, Walker & Dunlop, Inc. (NYSE:WD) announced on June 24 that it has arranged $128.23 million in refinancing for a four-property, 986-unit multifamily portfolio in Eugene, Oregon. The transaction was arranged by Walker & Dunlop Capital Markets Real Estate Finance on behalf of an experienced local client. It added that the refinancing was led by Steven Natale and included four multifamily communities located throughout Eugene. Natale, managing director of Capital Markets Real Estate Finance at Walker & Dunlop, Inc. (NYSE:WD), stated that the company is continuing to see "strong demand for well-located multifamily communities that offer a compelling combination of affordability, operational stability, and long-term market fundamentals".

Walker & Dunlop, Inc. (NYSE:WD) is a holding company involved in the provision of real estate and finance services. The company's operations are divided into the following segments: Capital Markets, Servicing and Asset Management, and Corporate.

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