Walker & Dunlop Inc. (WD) Downgraded by Zacks Investment Research to Hold
According to Zacks, “Walker & Dunlop, LLC is engaged in providing commercial real estate financial services in the United States, with a primary focus on multifamily lending. The Company also offers service loans for life insurance companies, commercial banks and other institutional investors as a loan broker. The Multifamily and FHA Finance groups of Walker & Dunlop are focused on lending to property owners, investors, and developers of multifamily properties across the country. The Capital Markets and Investment Services groups provide a broad range of advisory, financing, investment consulting and related services. Walker & Dunlop’s Healthcare Finance group provides debt financing for healthcare properties. The Company’s Principle Investments include origination, underwriting, execution and management of commercial real estate opportunities across property types and geographies within the continental United States. Walker & Dunlop, LLC is based in Bethesda, Maryland. “
Other analysts have also issued reports about the company. Wedbush assumed coverage on Walker & Dunlop in a research report on Wednesday. They issued a neutral rating and a $26.75 target price for the company. Keefe, Bruyette & Woods boosted their target price on Walker & Dunlop from $23.00 to $26.00 and gave the company a market perform rating in a research report on Thursday, August 4th. Finally, JMP Securities boosted their target price on Walker & Dunlop from $27.00 to $30.00 and gave the company a market outperform rating in a research report on Thursday, August 4th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Walker & Dunlop currently has a consensus rating of Hold and a consensus target price of $29.15.
Walker & Dunlop (NYSE:WD) traded up 0.263% on Thursday, hitting $24.775. The stock had a trading volume of 62,692 shares. Walker & Dunlop has a 52 week low of $19.50 and a 52 week high of $33.17. The stock has a market capitalization of $763.34 million, a price-to-earnings ratio of 8.599 and a beta of 1.05. The company has a 50-day moving average price of $25.95 and a 200-day moving average price of $24.40.
Walker & Dunlop (NYSE:WD) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.36. Walker & Dunlop had a return on equity of 17.60% and a net margin of 18.20%. The firm earned $147.90 million during the quarter, compared to analyst estimates of $114.53 million. During the same period last year, the company posted $0.67 EPS. The business’s quarterly revenue was up 29.9% on a year-over-year basis. Equities research analysts anticipate that Walker & Dunlop will post $2.90 earnings per share for the current fiscal year.
In other Walker & Dunlop news, Director Dana L. Schmaltz bought 1,500 shares of the business’s stock in a transaction dated Friday, September 9th. The shares were purchased at an average price of $25.85 per share, for a total transaction of $38,775.00. Following the purchase, the director now directly owns 41,833 shares of the company’s stock, valued at $1,081,383.05. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO William M. Walker sold 53,170 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $26.71, for a total value of $1,420,170.70. Following the completion of the transaction, the chief executive officer now owns 1,493,462 shares in the company, valued at approximately $39,890,370.02. The disclosure for this sale can be found here. 11.60% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the company. Virginia Retirement System acquired a new position in shares of Walker & Dunlop during the first quarter worth $995,000. TIAA CREF Investment Management LLC increased its position in shares of Walker & Dunlop by 31.3% in the first quarter. TIAA CREF Investment Management LLC now owns 116,108 shares of the company’s stock worth $2,818,000 after buying an additional 27,647 shares during the last quarter. Teachers Advisors Inc. increased its position in shares of Walker & Dunlop by 5.0% in the first quarter. Teachers Advisors Inc. now owns 58,628 shares of the company’s stock worth $1,423,000 after buying an additional 2,788 shares during the last quarter. Prudential Financial Inc. increased its position in Walker & Dunlop by 2.4% in the first quarter. Prudential Financial Inc. now owns 514,452 shares of the company’s stock valued at $12,485,000 after buying an additional 11,831 shares during the last quarter. Finally, BlackRock Group LTD increased its position in Walker & Dunlop by 6.6% in the first quarter. BlackRock Group LTD now owns 42,855 shares of the company’s stock valued at $1,040,000 after buying an additional 2,645 shares during the last quarter. Hedge funds and other institutional investors own 78.04% of the company’s stock.
Walker & Dunlop Company Profile
Walker & Dunlop, Inc is a holding company, which conducts all of its operations through Walker & Dunlop, LLC. The Company is a provider of commercial real estate financial services in the United States, with a primary focus on multifamily lending. It originates, sells, and services a range of multifamily and other commercial real estate financing products, including Multifamily Finance, Federal Housing Administration (FHA) Finance, Capital Markets, and Proprietary Capital.
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