According to Zacks, “Walker & Dunlop, LLC is engaged in providing commercial real estate financial services in the United States, with a primary focus on multifamily lending. The Company also offers service loans for life insurance companies, commercial banks and other institutional investors as a loan broker. The Multifamily and FHA Finance groups of Walker & Dunlop are focused on lending to property owners, investors, and developers of multifamily properties across the country. The Capital Markets and Investment Services groups provide a broad range of advisory, financing, investment consulting and related services. Walker & Dunlop’s Healthcare Finance group provides debt financing for healthcare properties. The Company’s Principle Investments include origination, underwriting, execution and management of commercial real estate opportunities across property types and geographies within the continental United States. Walker & Dunlop, LLC is based in Bethesda, Maryland. “
WD has been the subject of a number of other research reports. Wedbush initiated coverage on Walker & Dunlop in a research note on Wednesday, October 5th. They issued a neutral rating and a $26.75 price objective for the company. Keefe, Bruyette & Woods raised their price objective on Walker & Dunlop from $23.00 to $26.00 and gave the company a market perform rating in a research note on Thursday, August 4th. Finally, JMP Securities raised their price objective on Walker & Dunlop from $27.00 to $30.00 and gave the company a market outperform rating in a research note on Thursday, August 4th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $29.15.
Walker & Dunlop (NYSE:WD) opened at 24.20 on Thursday. Walker & Dunlop has a 12-month low of $19.50 and a 12-month high of $33.17. The company’s 50 day moving average price is $25.79 and its 200-day moving average price is $24.42. The firm has a market capitalization of $745.63 million, a price-to-earnings ratio of 8.40 and a beta of 1.05.
Walker & Dunlop (NYSE:WD) last released its earnings results on Wednesday, August 3rd. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.69 by $0.36. Walker & Dunlop had a return on equity of 17.60% and a net margin of 18.20%. The business earned $147.90 million during the quarter, compared to analysts’ expectations of $114.53 million. During the same quarter last year, the firm posted $0.67 earnings per share. The firm’s revenue was up 29.9% on a year-over-year basis. On average, equities analysts anticipate that Walker & Dunlop will post $2.90 earnings per share for the current fiscal year.
In other news, CEO William M. Walker sold 53,170 shares of the firm’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $26.71, for a total value of $1,420,170.70. Following the transaction, the chief executive officer now owns 1,493,462 shares in the company, valued at $39,890,370.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William M. Walker sold 26,016 shares of the firm’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $26.49, for a total value of $689,163.84. Following the completion of the transaction, the chief executive officer now owns 1,463,329 shares in the company, valued at approximately $38,763,585.21. The disclosure for this sale can be found here. 11.60% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Emerald Advisers Inc. PA raised its stake in shares of Walker & Dunlop by 0.4% in the second quarter. Emerald Advisers Inc. PA now owns 840,653 shares of the company’s stock worth $19,150,000 after buying an additional 3,290 shares during the period. Victory Capital Management Inc. raised its stake in shares of Walker & Dunlop by 0.4% in the second quarter. Victory Capital Management Inc. now owns 36,370 shares of the company’s stock worth $829,000 after buying an additional 135 shares during the period. Teachers Advisors Inc. raised its stake in shares of Walker & Dunlop by 5.0% in the first quarter. Teachers Advisors Inc. now owns 58,628 shares of the company’s stock worth $1,423,000 after buying an additional 2,788 shares during the period. Menta Capital LLC raised its stake in shares of Walker & Dunlop by 86.2% in the first quarter. Menta Capital LLC now owns 27,000 shares of the company’s stock worth $655,000 after buying an additional 12,500 shares during the period. Finally, Boston Partners raised its stake in shares of Walker & Dunlop by 1.2% in the second quarter. Boston Partners now owns 1,584,623 shares of the company’s stock worth $36,098,000 after buying an additional 18,371 shares during the period. Institutional investors own 78.04% 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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