Walker & Dunlop Inc. (NYSE:WD) – Wedbush issued their Q3 2016 earnings per share (EPS) estimates for Walker & Dunlop in a note issued to investors on Wednesday. Wedbush analyst J. Weaver expects that the brokerage will post earnings of $0.49 per share for the quarter. Wedbush has a “Neutral” rating and a $26.75 price objective on the stock. Wedbush also issued estimates for Walker & Dunlop’s Q4 2016 earnings at $0.42 EPS, FY2016 earnings at $2.46 EPS, Q1 2017 earnings at $0.35 EPS, Q2 2017 earnings at $0.92 EPS, Q3 2017 earnings at $0.83 EPS, Q4 2017 earnings at $0.67 EPS, FY2017 earnings at $2.78 EPS and FY2018 earnings at $3.47 EPS.
Walker & Dunlop (NYSE:WD) last issued its earnings results on Wednesday, August 3rd. The company reported $1.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.36. The firm earned $147.90 million during the quarter, compared to the consensus estimate of $114.53 million. Walker & Dunlop had a return on equity of 17.60% and a net margin of 18.20%. The business’s quarterly revenue was up 29.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.67 earnings per share.
Several other equities research analysts have also issued reports on the company. Zacks Investment Research lowered Walker & Dunlop from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 6th. Keefe, Bruyette & Woods raised their target price on Walker & Dunlop from $23.00 to $26.00 and gave the company a “market perform” rating in a research report on Thursday, August 4th. Finally, JMP Securities raised their target price on Walker & Dunlop from $27.00 to $30.00 and gave the company a “market outperform” rating in a research report on Thursday, August 4th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Walker & Dunlop presently has a consensus rating of “Hold” and a consensus price target of $29.15.
Walker & Dunlop (NYSE:WD) opened at 24.52 on Monday. The firm’s 50-day moving average price is $25.85 and its 200 day moving average price is $24.42. The firm has a market cap of $755.49 million, a P/E ratio of 8.51 and a beta of 1.05. Walker & Dunlop has a 52 week low of $19.50 and a 52 week high of $33.17.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Mason Street Advisors LLC purchased a new position in Walker & Dunlop during the second quarter valued at $121,000. Royal Bank of Canada increased its position in shares of Walker & Dunlop by 17.7% in the second quarter. Royal Bank of Canada now owns 33,332 shares of the company’s stock valued at $760,000 after buying an additional 5,009 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Walker & Dunlop by 1.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 105,285 shares of the company’s stock valued at $2,399,000 after buying an additional 2,004 shares in the last quarter. Arizona State Retirement System increased its position in shares of Walker & Dunlop by 1.4% in the second quarter. Arizona State Retirement System now owns 14,069 shares of the company’s stock valued at $320,000 after buying an additional 200 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Walker & Dunlop by 2.6% in the second quarter. AQR Capital Management LLC now owns 185,085 shares of the company’s stock valued at $4,216,000 after buying an additional 4,668 shares in the last quarter. Institutional investors own 78.04% of the company’s stock.
In other news, Director Dana L. Schmaltz purchased 1,500 shares of the business’s stock in a transaction dated Friday, August 19th. The stock was bought at an average price of $26.17 per share, for a total transaction of $39,255.00. Following the purchase, the director now owns 40,333 shares of the company’s stock, valued at $1,055,514.61. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William M. Walker sold 3,110 shares of the stock in a transaction on Wednesday, October 5th. The stock was sold at an average price of $26.04, for a total value of $80,984.40. Following the transaction, the chief executive officer now owns 1,447,468 shares of the company’s stock, valued at approximately $37,692,066.72. The disclosure for this sale can be found here. Insiders own 11.60% of the company’s stock.
About Walker & Dunlop
Walker & Dunlop, Inc is a holding company, which conducts all of its operations through Walker & Dunlop, LLC. The Company is a provider of commercial real estate financial services in the United States, with a primary focus on multifamily lending. It originates, sells, and services a range of multifamily and other commercial real estate financing products, including Multifamily Finance, Federal Housing Administration (FHA) Finance, Capital Markets, and Proprietary Capital.
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