Walker & Dunlop, Inc. (WD) to Distribute Quarterly Dividend of $0.68 on December 4th

Walker & Dunlop, Inc. (NYSE:WD – Get Free Report) declared a quarterly dividend on Wednesday, November 4th. Stockholders of record on Friday, November 20th will be paid a dividend of $0.68 per share by the financial services provider on Friday, December 4th. This represents a $2.72 annualized dividend and a dividend yield of 6.8%. The ex-dividend date is Friday, November 20th.

Walker & Dunlop has increased its dividend by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 7 years. Walker & Dunlop has a payout ratio of 61.5% indicating that its dividend is sufficiently covered by earnings.

Walker & Dunlop Price Performance

Shares of NYSE:WD opened at $39.84 on Friday. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 35.57 and a beta of 1.48. The company has a 50 day moving average of $36.68 and a 200-day moving average of $47.50. Walker & Dunlop has a one year low of $31.40 and a one year high of $75.50.

Walker & Dunlop (NYSE:WD – Get Free Report) last issued its earnings results on Thursday, November 5th. The financial services provider reported $0.92 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.06). Walker & Dunlop had a net margin of 2.94% and a return on equity of 7.25%. The business had revenue of $298.45 million for the quarter, compared to the consensus estimate of $310.93 million. During the same quarter in the previous year, the firm posted $1.22 EPS. The business’s revenue was down 11.6% on a year-over-year basis.

Wall Street Analyst Weigh In

Several brokerages have commented on WD. Weiss Ratings downgraded shares of Walker & Dunlop from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 18th. Wall Street Zen raised Walker & Dunlop from a “sell” rating to a “hold” rating in a research report on Saturday, August 29th. Citigroup reissued a “market outperform” rating on shares of Walker & Dunlop in a research report on Friday, October 16th. Citizens Jmp cut their target price on Walker & Dunlop from $55.00 to $50.00 and set a “market outperform” rating on the stock in a research note on Friday, October 16th. Finally, Keefe, Bruyette & Woods cut their target price on Walker & Dunlop from $45.00 to $43.00 and set an “outperform” rating on the stock in a research note on Tuesday. Five investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.25.

Read Our Latest Stock Analysis on WD

About Walker & Dunlop

(Get Free Report)

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.

See Also

Dividend History for Walker & Dunlop (NYSE:WD)

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.