Financing Arrangement: Walker & Dunlop arranged a $163,427,059 permanent loan for 122 Fifth Avenue, a 278,000-square-foot property in Manhattan's Flatiron District, aimed at refinancing existing debt to enhance the property's financial stability.
Asset Upgrade: The property has been transformed into a landmark loft office tower through a $107 million capital improvement program, achieving WiredScore Gold and LEED certifications, which significantly boosts its market competitiveness and appeal.
Tenant Demand: Anchored by long-term leases from Microsoft and Chime, 122 Fifth Avenue demonstrates strong demand for premium, well-located office assets, further solidifying its position in the Midtown South market.
Transportation Accessibility: Located just a three-minute walk from Union Square, the property offers easy access to multiple subway and bus lines, while its proximity to various lifestyle amenities and corporate neighbors enhances its attractiveness to high-end tenants.
WD
$61.44+Infinity%1D
Analyst Views on WD
Wall Street analysts forecast WD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WD is 96.00 USD with a low forecast of 95.00 USD and a high forecast of 97.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
Wall Street analysts forecast WD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WD is 96.00 USD with a low forecast of 95.00 USD and a high forecast of 97.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 62.410
Low
95.00
Averages
96.00
High
97.00
Current: 62.410
Low
95.00
Averages
96.00
High
97.00
Keefe Bruyette
Jade Rahmani
Outperform
downgrade
$92 -> $82
2025-12-14
New
Reason
Keefe Bruyette
Jade Rahmani
Price Target
$92 -> $82
2025-12-14
New
downgrade
Outperform
Reason
Keefe Bruyette analyst Jade Rahmani lowered the firm's price target on Walker & Dunlop to $82 from $92 and keeps an Outperform rating on the shares. The firm adjusted ratings and price targets in the real estate sector as part of its 2026 outlook. Keefe expects the commercial real estate cycle to enter a "more secure recovery phase with moderate yet still healthy growth" in 2026. This favors commercial real estate services names and "high-quality" commercial mortgage real estate investment trusts, the analyst tells investors in a research note.
Keefe Bruyette
Jade Rahmani
Outperform
downgrade
$97 -> $92
2025-11-07
Reason
Keefe Bruyette
Jade Rahmani
Price Target
$97 -> $92
2025-11-07
downgrade
Outperform
Reason
Keefe Bruyette analyst Jade Rahmani lowered the firm's price target on Walker & Dunlop to $92 from $97 and keeps an Outperform rating on the shares.
Keefe, Bruyette & Woods
Jade Rahmani
Hold
to
Buy
Upgrades
$105
2025-03-06
Reason
Keefe, Bruyette & Woods
Jade Rahmani
Price Target
$105
2025-03-06
Upgrades
Hold
to
Buy
Reason
Keefe Bruyette upgraded Walker & Dunlop to Outperform from Market Perform with an unchanged price target of $105.
Keefe, Bruyette & Woods
Jade Rahmani
Hold
Maintains
$120 → $105
2025-02-14
Reason
Keefe, Bruyette & Woods
Jade Rahmani
Price Target
$120 → $105
2025-02-14
Maintains
Hold
Reason
Keefe Bruyette lowered the firm's price target on Walker & Dunlop to $105 from $120 and keeps a Market Perform rating on the shares. The shares have gotten more attractive, the analyst tells investors in a research note.
About WD
Walker & Dunlop, Inc. is a commercial real estate finance and advisory services company. It is focused on multifamily lending and property sales, commercial real estate debt brokerage, and investment management services. Its segments include Capital Markets (CM), Servicing & Asset Management (SAM), and Corporate. CM segment provides a comprehensive range of commercial real estate finance products to its customers, including agency lending, debt brokerage, property sales, and appraisal and valuation services. It also provides real estate-related investment banking and advisory services. The SAM segment's activities include servicing and asset-managing the portfolio of loans the Company originates and sells to the agencies, brokering to certain life insurance companies, and originating through its principal lending and investing activities, and managing third-party capital invested in tax credit equity funds focused on the affordable housing sector and other commercial real estate.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
