Walker & Dunlop (WD) Rating Lowered to Sell at ValuEngine

ValuEngine cut shares of Walker & Dunlop (NYSE:WD) from a hold rating to a sell rating in a research note published on Saturday morning.

Several other equities analysts also recently weighed in on the company. Wedbush reaffirmed a hold rating and issued a $58.00 target price on shares of Walker & Dunlop in a research report on Tuesday, September 25th. Compass Point reaffirmed a buy rating and issued a $63.00 target price on shares of Walker & Dunlop in a research report on Wednesday, August 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $62.33.

Shares of NYSE:WD opened at $50.66 on Friday. The company has a debt-to-equity ratio of 1.62, a current ratio of 6.99 and a quick ratio of 6.99. The stock has a market cap of $1.65 billion, a P/E ratio of 10.64 and a beta of 0.64. Walker & Dunlop has a 12-month low of $42.66 and a 12-month high of $61.44.

Walker & Dunlop (NYSE:WD) last released its earnings results on Wednesday, August 1st. The financial services provider reported $1.28 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.06). The firm had revenue of $178.20 million during the quarter, compared to analyst estimates of $182.79 million. Walker & Dunlop had a net margin of 29.63% and a return on equity of 18.89%. The business’s revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.08 earnings per share. On average, sell-side analysts forecast that Walker & Dunlop will post 5.28 EPS for the current year.

In other Walker & Dunlop news, EVP Richard C. Warner sold 22,632 shares of Walker & Dunlop stock in a transaction dated Wednesday, July 25th. The stock was sold at an average price of $58.19, for a total value of $1,316,956.08. Following the completion of the transaction, the executive vice president now directly owns 67,145 shares of the company’s stock, valued at approximately $3,907,167.55. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director E. John Rice, Jr. sold 4,644 shares of Walker & Dunlop stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $54.25, for a total value of $251,937.00. Following the completion of the transaction, the director now directly owns 22,579 shares of the company’s stock, valued at $1,224,910.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 140,913 shares of company stock valued at $7,738,033. 11.23% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Aperio Group LLC boosted its stake in shares of Walker & Dunlop by 76.9% in the 2nd quarter. Aperio Group LLC now owns 10,379 shares of the financial services provider’s stock valued at $578,000 after buying an additional 4,513 shares during the period. BlackRock Inc. boosted its stake in shares of Walker & Dunlop by 6.0% in the 2nd quarter. BlackRock Inc. now owns 3,876,907 shares of the financial services provider’s stock valued at $215,748,000 after buying an additional 218,172 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Walker & Dunlop by 2.9% in the 2nd quarter. Wells Fargo & Company MN now owns 168,819 shares of the financial services provider’s stock valued at $9,395,000 after buying an additional 4,795 shares during the period. Bowling Portfolio Management LLC boosted its stake in shares of Walker & Dunlop by 31.3% in the 2nd quarter. Bowling Portfolio Management LLC now owns 22,283 shares of the financial services provider’s stock valued at $1,240,000 after buying an additional 5,314 shares during the period. Finally, LSV Asset Management boosted its stake in shares of Walker & Dunlop by 6.8% in the 2nd quarter. LSV Asset Management now owns 200,300 shares of the financial services provider’s stock valued at $11,146,000 after buying an additional 12,800 shares during the period. Institutional investors and hedge funds own 81.39% of the company’s stock.

About Walker & Dunlop

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.

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