Shares of Walker & Dunlop, Inc. (NYSE:WD) have been assigned a consensus recommendation of “Buy” from the six research firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $55.00.
WD has been the subject of a number of recent analyst 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. TheStreet raised shares of Walker & Dunlop from a “c+” rating to a “b” rating in a research note on Tuesday, March 13th. Keefe, Bruyette & Woods raised shares of Walker & Dunlop from a “market perform” rating to an “outperform” rating in a research report on Friday, January 5th. They noted that the move was a valuation call. Finally, ValuEngine cut shares of Walker & Dunlop from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 27th.
In other Walker & Dunlop news, CEO William M. Walker sold 54,574 shares of the business’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $48.04, for a total value of $2,621,734.96. Following the completion of the sale, the chief executive officer now directly owns 1,377,213 shares of the company’s stock, valued at approximately $66,161,312.52. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Richard C. Warner sold 1,000 shares of the business’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $46.54, for a total transaction of $46,540.00. Following the completion of the sale, the executive vice president now directly owns 76,185 shares of the company’s stock, valued at $3,545,649.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 250,353 shares of company stock valued at $12,811,336. 11.70% of the stock is owned by corporate insiders.
Shares of WD stock traded down $0.24 during trading hours on Friday, reaching $59.29. 442,492 shares of the stock were exchanged, compared to its average volume of 269,437. Walker & Dunlop has a 12-month low of $41.19 and a 12-month high of $61.19. The company has a current ratio of 9.41, a quick ratio of 9.41 and a debt-to-equity ratio of 1.35. The stock has a market cap of $1,825.78, a PE ratio of 12.46 and a beta of 0.92.
Walker & Dunlop (NYSE:WD) last released its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.26. Walker & Dunlop had a net margin of 29.66% and a return on equity of 21.33%. The firm had revenue of $207.20 million during the quarter, compared to analysts’ expectations of $181.14 million. During the same period in the previous year, the company earned $1.16 EPS. The firm’s revenue for the quarter was up 16.1% compared to the same quarter last year. sell-side analysts forecast that Walker & Dunlop will post 4.32 EPS for the current year.
Walker & Dunlop announced that its board has initiated a stock repurchase plan on Wednesday, February 7th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
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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