Shares of Walker & Dunlop, Inc. (NYSE:WD) have been assigned a consensus rating of “Hold” from the six ratings firms that are covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $67.00.
Several brokerages have weighed in on WD. JMP Securities cut shares of Walker & Dunlop from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 18th. ValuEngine upgraded shares of Walker & Dunlop from a “sell” rating to a “hold” rating in a research note on Tuesday, March 3rd. Zacks Investment Research cut shares of Walker & Dunlop from a “buy” rating to a “hold” rating in a research note on Saturday, January 11th. Finally, Compass Point cut shares of Walker & Dunlop from a “buy” rating to a “neutral” rating and set a $70.00 price objective for the company. in a research note on Thursday, February 6th. They noted that the move was a valuation call.
Shares of NYSE WD traded up $3.39 during mid-day trading on Monday, reaching $41.92. 2,733 shares of the company were exchanged, compared to its average volume of 307,517. The company’s 50-day simple moving average is $64.39 and its 200-day simple moving average is $63.14. The company has a quick ratio of 136.36, a current ratio of 136.36 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $1.19 billion, a P/E ratio of 7.07 and a beta of 1.03. Walker & Dunlop has a twelve month low of $34.04 and a twelve month high of $79.74.
Walker & Dunlop (NYSE:WD) last issued its quarterly earnings data on Wednesday, February 5th. The financial services provider reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.05. Walker & Dunlop had a net margin of 21.22% and a return on equity of 17.61%. The business had revenue of $217.19 million during the quarter, compared to analysts’ expectations of $205.50 million. During the same quarter in the previous year, the company earned $1.44 EPS. The business’s revenue was up 1.1% on a year-over-year basis. As a group, equities research analysts expect that Walker & Dunlop will post 6.1 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Friday, February 21st were paid a $0.36 dividend. This is a boost from Walker & Dunlop’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $1.44 annualized dividend and a yield of 3.44%. Walker & Dunlop’s payout ratio is 26.42%.
In other news, Director Alan J. Bowers bought 1,000 shares of the firm’s stock in a transaction on Thursday, March 12th. The shares were purchased at an average cost of $52.19 per share, with a total value of $52,190.00. Following the acquisition, the director now directly owns 37,855 shares in the company, valued at $1,975,652.45. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO William M. Walker sold 38,874 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $68.73, for a total transaction of $2,671,810.02. Following the completion of the transaction, the chief executive officer now directly owns 1,316,349 shares in the company, valued at $90,472,666.77. The disclosure for this sale can be found here. Insiders acquired a total of 2,407 shares of company stock valued at $114,333 in the last quarter. Corporate insiders own 10.37% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. Ladenburg Thalmann Financial Services Inc. raised its holdings in Walker & Dunlop by 3.0% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,952 shares of the financial services provider’s stock worth $450,000 after buying an additional 204 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in Walker & Dunlop by 2.7% during the fourth quarter. Municipal Employees Retirement System of Michigan now owns 8,750 shares of the financial services provider’s stock valued at $566,000 after purchasing an additional 230 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Walker & Dunlop by 15.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,879 shares of the financial services provider’s stock valued at $122,000 after purchasing an additional 257 shares during the last quarter. Mason Street Advisors LLC lifted its holdings in Walker & Dunlop by 2.8% during the fourth quarter. Mason Street Advisors LLC now owns 9,982 shares of the financial services provider’s stock valued at $646,000 after purchasing an additional 276 shares during the last quarter. Finally, Amalgamated Bank lifted its holdings in Walker & Dunlop by 8.0% during the fourth quarter. Amalgamated Bank now owns 4,750 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 353 shares during the last quarter. 78.88% of the stock is currently owned by institutional investors.
About Walker & Dunlop
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, second trust, supplemental, construction, mezzanine, preferred equity, small-balance, and bridge/interim loans.
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