Several other brokerages have also issued reports on WD. Zacks Investment Research lowered Walker & Dunlop from a hold rating to a strong sell rating in a research report on Thursday, October 19th. Keefe, Bruyette & Woods reiterated a hold rating and set a $49.00 target price on shares of Walker & Dunlop in a research note on Thursday, October 12th. Finally, ValuEngine downgraded Walker & Dunlop from a strong-buy rating to a buy rating in a research note on Friday, December 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Walker & Dunlop currently has a consensus rating of Hold and an average price target of $52.00.
Walker & Dunlop (WD) traded down $0.45 during midday trading on Monday, hitting $48.05. The stock had a trading volume of 147,900 shares, compared to its average volume of 229,338. Walker & Dunlop has a 12 month low of $29.66 and a 12 month high of $56.46. The company has a debt-to-equity ratio of 4.84, a quick ratio of 12.88 and a current ratio of 12.88. The company has a market cap of $1,506.63, a price-to-earnings ratio of 10.43 and a beta of 1.37.
Walker & Dunlop (NYSE:WD) last released its earnings results on Wednesday, November 8th. The financial services provider reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.09. Walker & Dunlop had a return on equity of 22.35% and a net margin of 21.81%. The company had revenue of $179.70 million during the quarter, compared to analyst estimates of $166.38 million. During the same quarter in the previous year, the company posted $0.96 EPS. Walker & Dunlop’s revenue for the quarter was up 16.1% on a year-over-year basis. sell-side analysts anticipate that Walker & Dunlop will post 4.49 earnings per share for the current year.
In related news, EVP Richard C. Warner sold 35,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $50.00, for a total value of $1,750,000.00. Following the transaction, the executive vice president now directly owns 76,785 shares of the company’s stock, valued at approximately $3,839,250. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Stephen P. Theobald sold 18,128 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $51.18, for a total value of $927,791.04. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 78,128 shares of company stock worth $3,928,041. Company insiders own 11.70% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new position in shares of Walker & Dunlop during the third quarter valued at about $123,000. Riverhead Capital Management LLC raised its stake in shares of Walker & Dunlop by 68.6% during the second quarter. Riverhead Capital Management LLC now owns 2,698 shares of the financial services provider’s stock valued at $132,000 after acquiring an additional 1,098 shares in the last quarter. LS Investment Advisors LLC raised its stake in shares of Walker & Dunlop by 1.5% during the second quarter. LS Investment Advisors LLC now owns 3,165 shares of the financial services provider’s stock valued at $155,000 after acquiring an additional 47 shares in the last quarter. Flinton Capital Management LLC raised its stake in shares of Walker & Dunlop by 69.4% during the second quarter. Flinton Capital Management LLC now owns 3,570 shares of the financial services provider’s stock valued at $174,000 after acquiring an additional 1,462 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its stake in shares of Walker & Dunlop by 38.8% during the third quarter. Meeder Asset Management Inc. now owns 3,648 shares of the financial services provider’s stock valued at $191,000 after acquiring an additional 1,019 shares in the last quarter. 77.52% of the stock is currently owned by institutional investors.
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Walker & Dunlop Company Profile
Walker & Dunlop, Inc is a holding company, which conducts its operations through Walker & Dunlop, LLC. The Company provides commercial real estate financial products and services primarily to developers and owners of multifamily properties. The Company originates, sells and services a range of multifamily and other commercial real estate financing products, including Multifamily Finance, Federal Housing Administration (FHA) Finance, Capital Markets, and Proprietary Capital.
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