Walker & Dunlop, Inc. (WD) To Go Ex-Dividend on August 22nd

Walker & Dunlop, Inc. (NYSE:WD) announced a quarterly dividend on Wednesday, August 7th, RTT News reports. Investors of record on Thursday, August 22nd will be given a dividend of 0.65 per share by the financial services provider on Friday, September 6th. This represents a $2.60 annualized dividend and a yield of 2.50%. The ex-dividend date is Thursday, August 22nd.

Walker & Dunlop has increased its dividend by an average of 20.5% per year over the last three years. Walker & Dunlop has a dividend payout ratio of 53.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Walker & Dunlop to earn $5.20 per share next year, which means the company should continue to be able to cover its $2.60 annual dividend with an expected future payout ratio of 50.0%.

Walker & Dunlop Price Performance

Shares of NYSE WD opened at $103.84 on Tuesday. The company has a 50-day moving average price of $100.24 and a 200-day moving average price of $96.71. The stock has a market capitalization of $3.50 billion, a P/E ratio of 37.90 and a beta of 1.55. Walker & Dunlop has a 1 year low of $62.51 and a 1 year high of $113.67.

Walker & Dunlop (NYSE:WD) last released its quarterly earnings results on Thursday, August 8th. The financial services provider reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. Walker & Dunlop had a return on equity of 9.65% and a net margin of 8.41%. The business had revenue of $270.70 million during the quarter, compared to analyst estimates of $274.50 million. During the same period in the prior year, the firm posted $0.98 EPS. Walker & Dunlop’s quarterly revenue was down .7% compared to the same quarter last year. As a group, equities research analysts anticipate that Walker & Dunlop will post 5.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on WD. StockNews.com raised Walker & Dunlop from a “sell” rating to a “hold” rating in a report on Sunday, August 11th. Wedbush raised their target price on Walker & Dunlop from $95.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Walker & Dunlop from $105.00 to $112.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th.

Walker & Dunlop Company Profile

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. It operates through three segments: Capital Markets, Servicing & Asset Management, and Corporate.