Shares of Walker & Dunlop (NYSE:WD) have been given an average rating of “Buy” by the seven brokerages that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $62.00.
Several research firms recently commented on WD. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Walker & Dunlop in a research report on Wednesday, February 7th. ValuEngine raised Walker & Dunlop from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 8th. Compass Point raised Walker & Dunlop from a “neutral” rating to a “buy” rating and set a $65.00 price objective on the stock in a research report on Wednesday, May 2nd. Finally, TheStreet raised Walker & Dunlop from a “c+” rating to a “b” rating in a research report on Tuesday, March 13th.
Shares of Walker & Dunlop traded down $0.36, reaching $56.46, during trading on Monday, according to MarketBeat Ratings. The company had a trading volume of 3,565 shares, compared to its average volume of 252,763. Walker & Dunlop has a 12-month low of $42.66 and a 12-month high of $61.44. The stock has a market cap of $1.74 billion, a P/E ratio of 11.92 and a beta of 0.94. The company has a current ratio of 5.63, a quick ratio of 5.63 and a debt-to-equity ratio of 1.16.
Walker & Dunlop (NYSE:WD) last released its earnings results on Wednesday, May 2nd. The financial services provider reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.09. Walker & Dunlop had a return on equity of 19.19% and a net margin of 29.20%. The firm had revenue of $147.45 million for the quarter, compared to analysts’ expectations of $145.75 million. During the same period in the prior year, the firm posted $1.35 earnings per share. The company’s quarterly revenue was down 7.0% on a year-over-year basis. analysts forecast that Walker & Dunlop will post 5.27 earnings per share for the current fiscal year.
Walker & Dunlop declared that its board has authorized a share repurchase plan on Wednesday, February 7th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 5th. Investors of record on Friday, May 18th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, May 17th. This represents a $1.00 annualized dividend and a dividend yield of 1.77%. Walker & Dunlop’s dividend payout ratio (DPR) is presently 21.01%.
In other Walker & Dunlop news, EVP Richard C. Warner sold 1,000 shares of the stock in a transaction dated Wednesday, April 25th. The stock was sold at an average price of $60.75, for a total value of $60,750.00. Following the transaction, the executive vice president now owns 71,395 shares of the company’s stock, valued at $4,337,246.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, President Howard W. Smith III sold 25,000 shares of the stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $50.16, for a total value of $1,254,000.00. Following the completion of the transaction, the president now directly owns 760,550 shares in the company, valued at approximately $38,149,188. The disclosure for this sale can be found here. In the last three months, insiders sold 228,063 shares of company stock worth $12,588,409. 11.70% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of WD. Wells Fargo & Company MN raised its stake in Walker & Dunlop by 30.9% during the 4th quarter. Wells Fargo & Company MN now owns 160,759 shares of the financial services provider’s stock valued at $7,636,000 after purchasing an additional 37,906 shares during the period. Brandywine Global Investment Management LLC raised its stake in Walker & Dunlop by 15.0% during the 4th quarter. Brandywine Global Investment Management LLC now owns 97,721 shares of the financial services provider’s stock valued at $4,642,000 after purchasing an additional 12,755 shares during the period. Eaton Vance Management bought a new stake in Walker & Dunlop during the 4th quarter valued at approximately $1,077,000. Stone Ridge Asset Management LLC bought a new stake in Walker & Dunlop during the 4th quarter valued at approximately $290,000. Finally, Teacher Retirement System of Texas bought a new stake in Walker & Dunlop during the 4th quarter valued at approximately $484,000. 80.52% of the stock is currently owned by hedge funds and other institutional investors.
Walker & Dunlop Company Profile
Walker & Dunlop, Inc, through its subsidiaries, originates, sells, and services a range of multifamily and other commercial real estate loans for owners and developers of real estate in the United States. The company offers multifamily properties and commercial real estate finance products, such as first mortgage loans, second trust loans, supplemental financings, construction loans, mezzanine loans, and bridge/interim loans.
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