Walker & Dunlop, Inc. (NYSE:WD – Get Free Report) shares gapped up before the market opened on Wednesday. The stock had previously closed at $31.67, but opened at $33.64. Walker & Dunlop shares last traded at $33.0950, with a volume of 6,130 shares changing hands.
Analysts Set New Price Targets
Several equities analysts have commented on WD shares. Weiss Ratings cut Walker & Dunlop from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 18th. Citigroup reissued a “market outperform” rating on shares of Walker & Dunlop in a report on Friday, October 16th. Keefe, Bruyette & Woods lowered their price objective on Walker & Dunlop from $57.00 to $45.00 and set an “outperform” rating on the stock in a research report on Friday, October 9th. Citizens Jmp lowered their price objective on Walker & Dunlop from $55.00 to $50.00 and set a “market outperform” rating on the stock in a research report on Friday, October 16th. Finally, Wall Street Zen upgraded Walker & Dunlop from a “sell” rating to a “hold” rating in a research note on Saturday, August 29th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Walker & Dunlop presently has an average rating of “Moderate Buy” and an average target price of $59.75.
Check Out Our Latest Stock Analysis on WD
Walker & Dunlop Trading Down 1.3%
The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 29.67 and a beta of 1.52. The stock has a fifty day moving average price of $38.09 and a 200-day moving average price of $45.97.
Walker & Dunlop (NYSE:WD – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The financial services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $0.90 by $0.29. Walker & Dunlop had a return on equity of 7.25% and a net margin of 2.94%. The business had revenue of $306.69 million for the quarter, compared to analyst estimates of $337.37 million. During the same quarter in the previous year, the firm earned $1.15 EPS. Walker & Dunlop’s quarterly revenue was down 3.9% on a year-over-year basis.
Walker & Dunlop Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th were paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 8.2%. The ex-dividend date was Thursday, August 20th. Walker & Dunlop’s dividend payout ratio is currently 242.86%.
Institutional Investors Weigh In On Walker & Dunlop
Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Walker & Dunlop in the 2nd quarter worth about $289,614,000. Jupiter Topco LLC acquired a new stake in shares of Walker & Dunlop during the 2nd quarter worth about $63,434,000. Bank of America Corp DE acquired a new stake in shares of Walker & Dunlop during the 2nd quarter worth about $20,437,000. Bank of New York Mellon Corp acquired a new stake in shares of Walker & Dunlop during the 2nd quarter worth about $10,454,000. Finally, Deutsche Bank AG acquired a new stake in shares of Walker & Dunlop during the 2nd quarter worth about $8,532,000. Institutional investors and hedge funds own 80.97% of the company’s stock.
About Walker & Dunlop
Walker & Dunlop, Inc is a commercial real estate finance and advisory firm serving property owners, investors and developers across the United States. The company provides financing, investment sales, valuation, research and advisory services for a broad range of commercial real estate assets, including multifamily, office, industrial, retail, hospitality and senior housing properties.
Its financing business arranges debt and equity solutions through relationships with banks, life insurance companies, government-sponsored enterprises and other capital providers.
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