Walker & Dunlop Inc. (WD) President Howard W. Smith III Sells 96,603 Shares
Walker & Dunlop Inc. (NYSE:WD) President Howard W. Smith III sold 96,603 shares of the company’s stock in a transaction on Friday, November 11th. The shares were sold at an average price of $28.52, for a total value of $2,755,117.56. Following the completion of the transaction, the president now directly owns 944,076 shares in the company, valued at $26,925,047.52. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of Walker & Dunlop Inc. (NYSE:WD) opened at 28.54 on Tuesday. The firm has a market capitalization of $879.35 million, a P/E ratio of 9.91 and a beta of 1.12. Walker & Dunlop Inc. has a 12 month low of $19.50 and a 12 month high of $31.00. The firm’s 50-day moving average price is $25.23 and its 200 day moving average price is $24.79.
Walker & Dunlop (NYSE:WD) last released its quarterly earnings data on Wednesday, November 2nd. The company reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.25. The business earned $154.80 million during the quarter, compared to analysts’ expectations of $129.17 million. Walker & Dunlop had a net margin of 18.82% and a return on equity of 18.49%. The company’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.66 EPS. Analysts anticipate that Walker & Dunlop Inc. will post $3.19 earnings per share for the current fiscal year.
WD has been the topic of several analyst reports. Zacks Investment Research downgraded Walker & Dunlop from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 6th. Wedbush initiated coverage on Walker & Dunlop in a research report on Wednesday, October 5th. They set a “neutral” rating and a $26.75 price target on the stock. JMP Securities increased their price target on Walker & Dunlop from $27.00 to $30.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 4th. Finally, Keefe, Bruyette & Woods increased their price target on Walker & Dunlop from $23.00 to $26.00 and gave the stock a “market perform” rating in a research report on Thursday, August 4th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Walker & Dunlop currently has a consensus rating of “Buy” and an average target price of $28.75.
Several large investors have recently added to or reduced their stakes in WD. ClariVest Asset Management LLC boosted its stake in Walker & Dunlop by 0.9% in the second quarter. ClariVest Asset Management LLC now owns 94,100 shares of the company’s stock valued at $2,144,000 after buying an additional 800 shares during the period. Emerald Advisers Inc. PA boosted its stake in Walker & Dunlop by 0.4% in the second quarter. Emerald Advisers Inc. PA now owns 840,653 shares of the company’s stock valued at $19,150,000 after buying an additional 3,290 shares during the period. Emerald Mutual Fund Advisers Trust boosted its stake in Walker & Dunlop by 1.7% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 600,266 shares of the company’s stock valued at $13,674,000 after buying an additional 10,000 shares during the period. Stoneridge Investment Partners LLC purchased a new stake in Walker & Dunlop during the second quarter valued at about $1,215,000. Finally, Bank of Montreal Can purchased a new stake in Walker & Dunlop during the second quarter valued at about $2,101,000. 76.92% of the stock is owned by institutional investors and hedge funds.
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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