Walker & Dunlop, Inc. (NYSE:WD) Receives Consensus Rating of “Buy” from Brokerages

Walker & Dunlop, Inc. (NYSE:WD) has received an average rating of “Buy” from the six brokerages that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $90.67.

A number of analysts recently weighed in on WD shares. Keefe, Bruyette & Woods upped their target price on shares of Walker & Dunlop from $85.00 to $90.00 and gave the stock a “market perform” rating in a report on Friday, February 5th. Wedbush increased their price objective on Walker & Dunlop from $98.00 to $112.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 10th. Finally, Zacks Investment Research cut Walker & Dunlop from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 14th.

In related news, CFO Stephen P. Theobald sold 10,000 shares of Walker & Dunlop stock in a transaction on Wednesday, March 17th. The shares were sold at an average price of $109.28, for a total value of $1,092,800.00. Following the transaction, the chief financial officer now owns 71,854 shares in the company, valued at approximately $7,852,205.12. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO William M. Walker sold 66,699 shares of the business’s stock in a transaction on Friday, February 19th. The stock was sold at an average price of $100.92, for a total transaction of $6,731,263.08. Over the last three months, insiders have sold 97,136 shares of company stock worth $9,959,020. 9.72% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Baldwin Brothers Inc. MA purchased a new stake in Walker & Dunlop during the 1st quarter valued at about $31,000. CENTRAL TRUST Co bought a new stake in Walker & Dunlop in the fourth quarter valued at approximately $37,000. Toronto Dominion Bank purchased a new stake in shares of Walker & Dunlop during the fourth quarter valued at approximately $71,000. Veriti Management LLC bought a new position in shares of Walker & Dunlop in the fourth quarter worth approximately $100,000. Finally, Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Walker & Dunlop in the fourth quarter worth $101,000. Hedge funds and other institutional investors own 77.10% of the company’s stock.

Shares of NYSE:WD traded up $0.51 during trading on Tuesday, hitting $113.53. 6,532 shares of the company were exchanged, compared to its average volume of 183,899. Walker & Dunlop has a 52-week low of $32.13 and a 52-week high of $114.68. The stock has a 50 day moving average of $106.86 and a 200 day moving average of $91.12. The company has a debt-to-equity ratio of 1.98, a current ratio of 187.94 and a quick ratio of 187.94. The company has a market cap of $3.51 billion, a PE ratio of 18.40 and a beta of 1.27.

Walker & Dunlop (NYSE:WD) last issued its quarterly earnings data on Thursday, February 4th. The financial services provider reported $2.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $1.12. The business had revenue of $349.71 million for the quarter, compared to analysts’ expectations of $228.57 million. Walker & Dunlop had a return on equity of 18.98% and a net margin of 21.64%. The firm’s quarterly revenue was up 61.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.34 EPS. Sell-side analysts forecast that Walker & Dunlop will post 5.5 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 11th. Stockholders of record on Monday, February 22nd were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, February 19th. This is a positive change from Walker & Dunlop’s previous quarterly dividend of $0.36. This represents a $2.00 annualized dividend and a dividend yield of 1.76%. Walker & Dunlop’s dividend payout ratio is 36.70%.

About Walker & Dunlop

Walker & Dunlop, Inc, through its subsidiaries, originates, sells, and services a range of multifamily and other commercial real estate financing products and services for owners and developers of real estate in the United States. The company offers first mortgage, second trust, supplemental, construction, mezzanine, preferred equity, small-balance, and bridge/interim loans.

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