Shares of Walker & Dunlop (NYSE:WD) have earned a consensus recommendation of “Buy” from the six brokerages that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $60.50.
WD has been the subject of several analyst reports. Keefe, Bruyette & Woods restated a “buy” rating on shares of Walker & Dunlop in a research report on Wednesday, February 7th. ValuEngine upgraded shares of Walker & Dunlop from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 8th. Finally, TheStreet upgraded shares of Walker & Dunlop from a “c+” rating to a “b” rating in a research report on Tuesday, March 13th.
In other news, CEO William M. Walker sold 34,988 shares of the stock in a transaction dated Tuesday, April 10th. The shares were sold at an average price of $58.67, for a total transaction of $2,052,745.96. Following the completion of the sale, the chief executive officer now directly owns 1,290,229 shares in the company, valued at $75,697,735.43. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO William M. Walker sold 36,272 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $50.55, for a total transaction of $1,833,549.60. Following the sale, the chief executive officer now owns 1,337,002 shares of the company’s stock, valued at $67,585,451.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 230,767 shares of company stock valued at $12,254,657. 11.23% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of WD. SG Americas Securities LLC purchased a new stake in Walker & Dunlop in the third quarter worth about $123,000. Elkfork Partners LLC purchased a new stake in Walker & Dunlop in the fourth quarter worth about $196,000. Stone Ridge Asset Management LLC purchased a new stake in Walker & Dunlop in the fourth quarter worth about $290,000. California Public Employees Retirement System lifted its holdings in Walker & Dunlop by 37.0% in the third quarter. California Public Employees Retirement System now owns 7,260 shares of the financial services provider’s stock worth $380,000 after buying an additional 1,960 shares during the period. Finally, Jefferies Group LLC lifted its holdings in Walker & Dunlop by 93.2% in the fourth quarter. Jefferies Group LLC now owns 7,670 shares of the financial services provider’s stock worth $364,000 after buying an additional 3,700 shares during the period. Institutional investors own 81.15% of the company’s stock.
WD opened at $59.17 on Thursday. The company has a current ratio of 9.41, a quick ratio of 9.41 and a debt-to-equity ratio of 1.35. Walker & Dunlop has a 52 week low of $42.66 and a 52 week high of $61.44. The firm has a market capitalization of $1,846.10, a P/E ratio of 12.43 and a beta of 0.92.
Walker & Dunlop (NYSE:WD) last posted its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.26. Walker & Dunlop had a net margin of 29.66% and a return on equity of 21.33%. The business had revenue of $207.20 million during the quarter, compared to analyst estimates of $181.14 million. During the same period in the prior year, the business posted $1.16 earnings per share. The company’s revenue was up 16.1% on a year-over-year basis. sell-side analysts anticipate that Walker & Dunlop will post 4.32 earnings per share for the current fiscal year.
Walker & Dunlop announced that its board has authorized a share buyback program on Wednesday, February 7th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.
TRADEMARK VIOLATION NOTICE: “Walker & Dunlop (WD) Receives Consensus Rating of “Buy” from Brokerages” was published by Stock Observer and is owned by of Stock Observer. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The original version of this report can be accessed at https://www.thestockobserver.com/2018/04/26/walker-dunlop-wd-receives-consensus-rating-of-buy-from-brokerages.html.
Walker & Dunlop Company Profile
Walker & Dunlop, Inc, through its subsidiaries, originates, sells, and services a range of multifamily and other commercial real estate loans for owners and developers of real estate in the United States. The company offers multifamily properties and commercial real estate finance products, such as first mortgage loans, second trust loans, supplemental financings, construction loans, mezzanine loans, and bridge/interim loans.
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.