Walker & Dunlop, Inc. (NYSE:WD) CEO William M. Walker sold 11,775 shares of the stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $52.03, for a total transaction of $612,653.25. Following the completion of the transaction, the chief executive officer now directly owns 1,307,305 shares of the company’s stock, valued at approximately $68,019,079.15. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Walker & Dunlop, Inc. (NYSE WD) traded up $1.16 during mid-day trading on Wednesday, hitting $53.25. 231,855 shares of the stock traded hands, compared to its average volume of 232,839. The company has a market capitalization of $1,601.90, a P/E ratio of 8.13 and a beta of 1.00. Walker & Dunlop, Inc. has a 12-month low of $39.38 and a 12-month high of $56.46. The company has a debt-to-equity ratio of 1.35, a current ratio of 9.41 and a quick ratio of 9.41.
Walker & Dunlop (NYSE:WD) last released its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.26. The firm had revenue of $207.20 million during the quarter, compared to the consensus estimate of $181.14 million. Walker & Dunlop had a net margin of 29.66% and a return on equity of 21.33%. The company’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.16 earnings per share. sell-side analysts expect that Walker & Dunlop, Inc. will post 4.32 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 7th. Stockholders of record on Friday, February 23rd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend was Thursday, February 22nd. Walker & Dunlop’s payout ratio is currently 15.27%.
Walker & Dunlop declared that its board has initiated a stock buyback plan on Wednesday, February 7th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.
WD has been the subject of several research reports. Zacks Investment Research raised shares of Walker & Dunlop from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. TheStreet downgraded shares of Walker & Dunlop from a “b-” rating to a “c+” rating in a research note on Monday, December 4th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $56.00 price objective on shares of Walker & Dunlop in a research note on Friday, December 22nd. Finally, ValuEngine downgraded shares of Walker & Dunlop from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 27th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Walker & Dunlop currently has a consensus rating of “Buy” and an average target price of $55.50.
Several hedge funds have recently added to or reduced their stakes in the company. Elkfork Partners LLC bought a new position in shares of Walker & Dunlop during the fourth quarter valued at $196,000. MetLife Investment Advisors LLC bought a new position in shares of Walker & Dunlop during the fourth quarter valued at $596,000. Millennium Management LLC raised its stake in shares of Walker & Dunlop by 273.4% during the fourth quarter. Millennium Management LLC now owns 61,515 shares of the financial services provider’s stock valued at $2,922,000 after acquiring an additional 45,042 shares during the last quarter. Teachers Advisors LLC raised its stake in shares of Walker & Dunlop by 0.9% during the fourth quarter. Teachers Advisors LLC now owns 547,039 shares of the financial services provider’s stock valued at $25,984,000 after acquiring an additional 5,107 shares during the last quarter. Finally, Stone Ridge Asset Management LLC bought a new position in shares of Walker & Dunlop during the fourth quarter valued at $290,000. 81.14% of the stock is owned by hedge funds and other 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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