Walker & Dunlop, Inc. (NYSE:WD) EVP Richard C. Warner sold 8,800 shares of Walker & Dunlop stock in a transaction on Monday, April 15th. The stock was sold at an average price of $52.22, for a total transaction of $459,536.00. Following the sale, the executive vice president now directly owns 60,600 shares of the company’s stock, valued at $3,164,532. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Walker & Dunlop stock opened at $53.39 on Wednesday. The firm has a market cap of $1.60 billion, a PE ratio of 10.59 and a beta of 0.93. Walker & Dunlop, Inc. has a 12-month low of $37.96 and a 12-month high of $61.44. The company has a debt-to-equity ratio of 1.61, a current ratio of 6.51 and a quick ratio of 6.51.
Walker & Dunlop (NYSE:WD) last released its quarterly earnings data on Wednesday, February 6th. The financial services provider reported $1.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.10. The business had revenue of $214.93 million during the quarter, compared to analysts’ expectations of $204.20 million. Walker & Dunlop had a net margin of 22.24% and a return on equity of 18.33%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.26 EPS. As a group, sell-side analysts forecast that Walker & Dunlop, Inc. will post 5.4 earnings per share for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in WD. Valeo Financial Advisors LLC lifted its position in Walker & Dunlop by 312.0% in the first quarter. Valeo Financial Advisors LLC now owns 824 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 624 shares during the last quarter. Denali Advisors LLC lifted its position in Walker & Dunlop by 1,636.4% in the first quarter. Denali Advisors LLC now owns 955 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 900 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in Walker & Dunlop in the third quarter valued at $181,000. Magnus Financial Group LLC purchased a new stake in Walker & Dunlop in the fourth quarter valued at $211,000. Finally, Jefferies Group LLC purchased a new stake in Walker & Dunlop in the third quarter valued at $213,000. 79.30% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently issued reports on the stock. JMP Securities lifted their price objective on shares of Walker & Dunlop from $60.00 to $65.00 and gave the stock a “market outperform” rating in a research report on Thursday, February 21st. BTIG Research assumed coverage on shares of Walker & Dunlop in a research report on Wednesday, March 13th. They set a “buy” rating and a $70.00 price objective for the company. ValuEngine cut shares of Walker & Dunlop from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd. Finally, Zacks Investment Research raised shares of Walker & Dunlop from a “sell” rating to a “hold” rating in a research report on Tuesday, January 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. Walker & Dunlop presently has a consensus rating of “Buy” and an average price target of $64.40.
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, second trust, supplemental, construction, mezzanine, preferred equity, small-balance, and bridge/interim loans.
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