Economy

Next Weeks Broker Price Targets For Walter Investment Management Corp. (NYSE:WAC)

Baker Street Capital Management, Llc owns $8.12 million in Walter Investment Management Corp., which represents roughly 24.87% of the company's market cap and approximately 27.07% of the institutional ownership. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company's stock.

Investors are sharpening their focus on shares of Walter Investment Management Corp. The stock exchanged hands 1.32 Million shares versus average trading capacity of 854.89 Million shares. It seems that Walter Investment Management Corp. Earnings surprises can have a huge impact on a company's stock price.

Walter Investment Management Corp (NYSE:WAC) traded up 0.2583% during midday trading on Tuesday, hitting $0.9317. The third largest holder is Raging Capital Management, Llc, which now holds $2.38 million worth of this stock and that ownership represents almost 7.29% of its market capitalization. The company has a consensus rating of "Hold" and a consensus target price of $1.50. We have recently been focusing on stocks that are trading under the $10 price level. They now have a United States dollars 7 price target on the stock. (NYSE:WAC), with 0 analysts believing it is a strong buy. They now have a Dollars 20 price target on the stock. Walter Investment Management Corp had a return on equity of 2.69% and a net margin of 0.77%. Walter Investment Management Corp's revenue for the quarter was up 267.4% compared to the same quarter past year. They now have a Dollars 14 price target on the stock.

11/18/2014 - Walter Investment Management Corp. was downgraded to "hold" by analysts at Evercore ISI.

More news: Analysts See $0.32 EPS for Paypal Holdings Inc (PYPL)

The SMA20 for the stock is at -19.68 percent, SMA50 stands at -22.76 percent, while SMA200 is -72.34 Percent, according to Finviz reported data.

11/10/2014 - Walter Investment Management Corp. was downgraded to "neutral" by analysts at Sterne Agee. They now have a Dollars 21 price target on the stock. Norges Bank bought a new position in Walter Investment Management Corp during the fourth quarter valued at $1,144,000. They now have a Dollars 27 price target on the stock.

01/21/2014 - Walter Investment Management Corp. was downgraded to "sell" by analysts at Ned Davis Research.

On June 15, 2017 Franklin Universal Trust (FT), a closed-end investment company managed by Franklin Advisers, Inc., announced a distribution of $0.032 per share, payable July 14, 2017, to shareholders of record on June 30, 2017 (Ex-Dividend Date: June 28, 2017). (NYSE:WAC) was down -2.51% during the last trading session, with a day high of 0.93. Extending back, their 50-Day Simple Moving Average is -12.03%, looking even further back, their 200-Day Simple Moving Average stands at -17.15%. Similar statistics are true for the second largest owner, Birch Run Capital Advisors, Lp, which owns 7,474,587 shares of the stock are valued at $7 million. IGT price is down almost -74.01% from its 52-week high price of $32.07 a share but is up about 6.4% from its 52-week low price of $17.25 a share. The Reverse Mortgage segment performs servicing for third-party credit owners of reverse loans; and provides other services for the reverse mortgage market, such as real estate owned property management and disposition. The Company operates through three segments: Servicing, Originations and Reverse Mortgage. The Servicing segment also includes Insurance, and Loans and Residuals businesses. The Originations segment consists of operations that originate and purchase mortgage loans that are intended for sale to third parties.



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