Walker & Dunlop, Inc. (NYSE:WD) declared a quarterly dividend on Wednesday, October 31st, RTT News reports. Investors of record on Friday, November 16th will be given a dividend of 0.25 per share by the financial services provider on Tuesday, December 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Thursday, November 15th.
Walker & Dunlop stock opened at $46.69 on Friday. The company has a current ratio of 8.48, a quick ratio of 8.48 and a debt-to-equity ratio of 2.56. The company has a market capitalization of $1.52 billion, a P/E ratio of 9.97 and a beta of 1.09. Walker & Dunlop has a one year low of $41.96 and a one year high of $61.44.
Walker & Dunlop (NYSE:WD) last posted its quarterly earnings data on Wednesday, October 31st. The financial services provider reported $1.17 EPS for the quarter, missing the Zacks’ consensus estimate of $1.32 by ($0.15). The company had revenue of $184.70 million during the quarter, compared to analyst estimates of $203.03 million. Walker & Dunlop had a return on equity of 18.23% and a net margin of 29.89%. Walker & Dunlop’s revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.06 earnings per share. Equities analysts predict that Walker & Dunlop will post 4.95 earnings per share for the current fiscal year.
In other Walker & Dunlop news, President Howard W. Smith III sold 25,000 shares of Walker & Dunlop stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $54.28, for a total value of $1,357,000.00. Following the completion of the sale, the president now directly owns 606,408 shares in the company, valued at $32,915,826.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Richard C. Warner sold 22,637 shares of Walker & Dunlop stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $54.05, for a total value of $1,223,529.85. Following the completion of the sale, the executive vice president now owns 63,395 shares of the company’s stock, valued at $3,426,499.75. The disclosure for this sale can be found here. Over the last quarter, insiders sold 77,281 shares of company stock valued at $4,154,217. 11.70% of the stock is currently owned by corporate insiders.
A number of equities analysts recently commented on the company. Wedbush reaffirmed a “hold” rating and issued a $58.00 price objective on shares of Walker & Dunlop in a research note on Tuesday, September 25th. Compass Point reaffirmed a “buy” rating and issued a $63.00 price objective on shares of Walker & Dunlop in a research note on Wednesday, August 1st. ValuEngine lowered Walker & Dunlop from a “hold” rating to a “sell” rating in a research note on Saturday, October 6th. Finally, JMP Securities cut their price objective on Walker & Dunlop from $65.00 to $60.00 and set a “market outperform” rating on the stock in a research note on Thursday, November 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $61.75.
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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.
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