ValuEngine downgraded shares of Walker & Dunlop (NYSE:WD) from a strong-buy rating to a buy rating in a report issued on Tuesday morning.
WD has been the topic of several other reports. Zacks Investment Research raised shares of Walker & Dunlop from a sell rating to a hold rating in a research note on Wednesday, December 20th. Keefe, Bruyette & Woods reissued a hold rating and set a $56.00 price target on shares of Walker & Dunlop in a research note on Friday, December 22nd. Finally, TheStreet downgraded shares of Walker & Dunlop from a b- rating to a c+ rating in a research note on Monday, December 4th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $55.50.
Walker & Dunlop (NYSE WD) opened at $48.87 on Tuesday. The company has a market cap of $1,500.00, a P/E ratio of 7.46 and a beta of 1.08. Walker & Dunlop has a one year low of $39.38 and a one year high of $56.46. The company has a debt-to-equity ratio of 1.35, a quick ratio of 12.88 and a current ratio of 5.26.
Walker & Dunlop declared that its Board of Directors has approved a stock repurchase program on Wednesday, February 7th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 7th. Investors of record on Friday, February 23rd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend is Thursday, February 22nd. Walker & Dunlop’s payout ratio is 15.27%.
In related news, EVP Richard M. Lucas sold 20,000 shares of Walker & Dunlop stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $48.21, for a total value of $964,200.00. Following the transaction, the executive vice president now directly owns 163,068 shares of the company’s stock, valued at $7,861,508.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Richard M. Lucas sold 22,953 shares of Walker & Dunlop stock in a transaction on Monday, February 5th. The stock was sold at an average price of $46.05, for a total transaction of $1,056,985.65. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 212,812 shares of company stock worth $10,288,789. 11.70% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Elkfork Partners LLC bought a new stake in Walker & Dunlop in the fourth quarter valued at $196,000. MetLife Investment Advisors LLC bought a new stake in Walker & Dunlop in the fourth quarter valued at $596,000. Millennium Management LLC boosted its holdings in Walker & Dunlop by 273.4% in the fourth quarter. Millennium Management LLC now owns 61,515 shares of the financial services provider’s stock valued at $2,922,000 after acquiring an additional 45,042 shares in the last quarter. Teachers Advisors LLC boosted its holdings in Walker & Dunlop by 0.9% in the fourth quarter. Teachers Advisors LLC now owns 547,039 shares of the financial services provider’s stock valued at $25,984,000 after acquiring an additional 5,107 shares in the last quarter. Finally, Stone Ridge Asset Management LLC bought a new stake in Walker & Dunlop in the fourth quarter valued at $290,000. 77.56% of the stock is currently owned by institutional investors.
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Walker & Dunlop Company Profile
Walker & Dunlop, Inc is a holding company, which conducts its operations through Walker & Dunlop, LLC. The Company provides commercial real estate financial products and services primarily to developers and owners of multifamily properties. The Company 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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