Walker & Dunlop, Inc. (WD) Receives $55.00 Average PT from Brokerages

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.

How to Become a New Pot Stock Millionaire

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.

Institutional investors have recently added to or reduced their stakes in the business. Eaton Vance Management purchased a new stake in shares of Walker & Dunlop in the 4th quarter worth approximately $1,077,000. Wells Fargo & Company MN lifted its position in shares of Walker & Dunlop by 30.9% in the 4th quarter. Wells Fargo & Company MN now owns 160,759 shares of the financial services provider’s stock worth $7,636,000 after purchasing an additional 37,906 shares during the period. Teacher Retirement System of Texas purchased a new stake in shares of Walker & Dunlop in the 4th quarter worth approximately $484,000. Swiss National Bank lifted its position in shares of Walker & Dunlop by 2.9% in the 4th quarter. Swiss National Bank now owns 50,100 shares of the financial services provider’s stock worth $2,380,000 after purchasing an additional 1,400 shares during the period. Finally, OxFORD Asset Management LLP purchased a new stake in shares of Walker & Dunlop in the 3rd quarter worth approximately $770,000. 81.16% of the stock is owned by institutional investors.

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.

WARNING: This article was originally reported by Ticker Report and is the property of of Ticker Report. If you are viewing this article on another site, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The legal version of this article can be read at https://www.tickerreport.com/banking-finance/3341913/walker-dunlop-inc-wd-receives-55-00-average-pt-from-brokerages.html.

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.

Receive News & Ratings for Walker & Dunlop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walker & Dunlop and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Brokerages Set National Commerce  Target Price at $44.25
Brokerages Set National Commerce Target Price at $44.25
Valero Energy Partners  Receives $48.67 Average Price Target from Analysts
Valero Energy Partners Receives $48.67 Average Price Target from Analysts
Transocean LTD  Given Average Rating of “Hold” by Analysts
Transocean LTD Given Average Rating of “Hold” by Analysts
BT2 [CST]  Trading Down 7.2% This Week
BT2 [CST] Trading Down 7.2% This Week
PACcoin Tops One Day Trading Volume of $195,225.00
PACcoin Tops One Day Trading Volume of $195,225.00
Frontier Communications  Bond Prices Rise 1%
Frontier Communications Bond Prices Rise 1%


Leave a Reply

© 2006-2018 Ticker Report. Google+.