Walker & Dunlop Inc. (WD) President Sells $577,013.00 in Stock
Walker & Dunlop Inc. (NYSE:WD) President Howard W. Smith III sold 19,897 shares of the firm’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $29.00, for a total value of $577,013.00. Following the completion of the transaction, the president now directly owns 831,849 shares in the company, valued at $24,123,621. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Walker & Dunlop Inc. (NYSE:WD) opened at 28.62 on Friday. Walker & Dunlop Inc. has a 1-year low of $19.50 and a 1-year high of $31.00. The company has a 50-day moving average price of $25.61 and a 200-day moving average price of $24.98. The firm has a market capitalization of $881.61 million, a P/E ratio of 9.03 and a beta of 1.12.
Walker & Dunlop (NYSE:WD) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.71 by $0.25. Walker & Dunlop had a net margin of 18.82% and a return on equity of 18.49%. The business had revenue of $154.80 million for the quarter, compared to analysts’ expectations of $129.17 million. During the same period in the previous year, the company posted $0.66 EPS. Walker & Dunlop’s revenue was up 28.1% on a year-over-year basis. On average, equities research analysts predict that Walker & Dunlop Inc. will post $3.19 earnings per share for the current fiscal year.
Several research firms have commented on WD. Zacks Investment Research raised Walker & Dunlop from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Saturday, November 5th. Keefe, Bruyette & Woods lifted their target price 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. JMP Securities lifted their target price 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, Wedbush started coverage on Walker & Dunlop in a research report on Wednesday, October 5th. They set a “neutral” rating and a $26.75 target price on the stock. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $28.75.
Institutional investors have recently bought and sold shares of the stock. Acrospire Investment Management LLC bought a new position in Walker & Dunlop during the second quarter valued at approximately $101,000. Mason Street Advisors LLC acquired a new stake in shares of Walker & Dunlop during the second quarter worth about $121,000. Strs Ohio acquired a new stake in shares of Walker & Dunlop during the third quarter worth about $131,000. Municipal Employees Retirement System of Michigan boosted its stake in shares of Walker & Dunlop by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 6,030 shares of the company’s stock worth $152,000 after buying an additional 100 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in shares of Walker & Dunlop by 340.9% in the second quarter. BlackRock Inc. now owns 7,949 shares of the company’s stock worth $180,000 after buying an additional 6,146 shares in the last quarter. Institutional investors and hedge funds own 76.92% 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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