Walker & Dunlop Takes a Hit Despite Record Loan-Origination Volume
Investors quickly learn that, just because a business is fundamentally strong, it doesn't necessarily mean that the stock price will always move higher in the short run. That's a phenomenon that Walker & Dunlop (NYSE: WD) is dealing with today. Even though the commercial real estate market has helped the real estate services and financing specialist enjoy blowout results lately, ever-improving results inspire investors to have ever-higher expectations for future performance.
Coming into Wednesday's second-quarter financial report, Walker & Dunlop investors seemed to be looking for only modest bottom-line gains, but wanted to see strong sales growth. The real estate specialist's results were better than expected on the net income front, but a slight shortfall in sales was enough to spur a big sell-off for the stock. Let's look more closely at Walker & Dunlop and what its latest results say about the future for the company.
Image source: Walker & Dunlop.
Source: Fool.com
Walker & Dunlop Inc. Stock
Our community is currently high on Walker & Dunlop Inc. with 5 Buy predictions and 0 Sell predictions.
With a target price of 119 € there is a positive potential of 21.43% for Walker & Dunlop Inc. compared to the current price of 98.0 €.
