Walker & Dunlop, Inc. (WD) President Sells $3,136,162.32 in Stock

Walker & Dunlop, Inc. (NYSE:WD) President Howard W. Smith III sold 62,004 shares of the stock in a transaction that occurred on Wednesday, February 6th. The stock was sold at an average price of $50.58, for a total value of $3,136,162.32. Following the completion of the transaction, the president now owns 103,806 shares in the company, valued at approximately $5,250,507.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Walker & Dunlop stock opened at $50.79 on Monday. Walker & Dunlop, Inc. has a 12-month low of $37.96 and a 12-month high of $61.44. The company has a debt-to-equity ratio of 1.61, a current ratio of 4.08 and a quick ratio of 8.48. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 10.08 and a beta of 0.99.

Walker & Dunlop (NYSE:WD) last posted its quarterly earnings data on Wednesday, February 6th. The financial services provider reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.10. Walker & Dunlop had a return on equity of 18.33% and a net margin of 22.24%. The company had revenue of $214.93 million during the quarter, compared to analysts’ expectations of $204.20 million. During the same period in the prior year, the business earned $1.26 earnings per share. Walker & Dunlop’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, equities analysts predict that Walker & Dunlop, Inc. will post 5.18 EPS for the current fiscal year.



The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 7th. Stockholders of record on Tuesday, February 26th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.36%. This is a boost from Walker & Dunlop’s previous quarterly dividend of $0.25. The ex-dividend date is Monday, February 25th. Walker & Dunlop’s dividend payout ratio is currently 19.84%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Walker & Dunlop by 1.5% in the third quarter. Vanguard Group Inc. now owns 4,274,075 shares of the financial services provider’s stock valued at $226,013,000 after acquiring an additional 64,431 shares during the period. Vanguard Group Inc boosted its position in shares of Walker & Dunlop by 1.5% in the third quarter. Vanguard Group Inc now owns 4,274,075 shares of the financial services provider’s stock valued at $226,013,000 after acquiring an additional 64,431 shares during the period. BlackRock Inc. boosted its position in shares of Walker & Dunlop by 1.9% in the fourth quarter. BlackRock Inc. now owns 4,154,541 shares of the financial services provider’s stock valued at $179,684,000 after acquiring an additional 79,067 shares during the period. Boston Partners boosted its position in shares of Walker & Dunlop by 6.6% in the fourth quarter. Boston Partners now owns 1,544,230 shares of the financial services provider’s stock valued at $66,788,000 after acquiring an additional 95,273 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Walker & Dunlop by 0.9% in the third quarter. Bank of New York Mellon Corp now owns 474,136 shares of the financial services provider’s stock valued at $25,072,000 after acquiring an additional 4,033 shares during the period. 78.68% of the stock is owned by institutional investors.

A number of equities analysts recently commented on the company. Zacks Investment Research downgraded Walker & Dunlop from a “hold” rating to a “sell” rating in a report on Saturday, December 1st. ValuEngine upgraded Walker & Dunlop from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. JMP Securities dropped their price objective on Walker & Dunlop from $65.00 to $60.00 and set a “market outperform” rating on the stock in a report on Thursday, November 1st. Finally, Wedbush upgraded Walker & Dunlop from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $55.00 to $58.00 in a report on Thursday, November 1st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Walker & Dunlop has a consensus rating of “Buy” and a consensus price target of $61.75.

TRADEMARK VIOLATION NOTICE: This article was originally reported by Dakota Financial News and is the sole property of of Dakota Financial News. If you are reading this article on another publication, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The correct version of this article can be accessed at https://dakotafinancialnews.com/2019/02/11/walker-dunlop-inc-wd-president-sells-3136162-32-in-stock.html.

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 loans, second trust loans, supplemental financings, construction loans, mezzanine loans, and bridge/interim loans.

Featured Story: Cost of Equity

Insider Buying and Selling by Quarter for Walker & Dunlop (NYSE:WD)

Receive News & Ratings for Walker & Dunlop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walker & Dunlop and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply