Walker & Dunlop Inc. (WD) Given a $28.00 Price Target by Wedbush Analysts
Several other research analysts also recently commented on the company. Zacks Investment Research downgraded Walker & Dunlop from a strong-buy rating to a hold rating in a report on Thursday, October 6th. JMP Securities boosted their price target on Walker & Dunlop from $27.00 to $30.00 and gave the company a market outperform rating in a report on Thursday, August 4th. Finally, Keefe, Bruyette & Woods boosted their price target on Walker & Dunlop from $23.00 to $26.00 and gave the company a market perform rating in a report on Thursday, August 4th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $29.00.
Shares of Walker & Dunlop (NYSE:WD) traded up 1.25% on Tuesday, reaching $29.87. The company’s stock had a trading volume of 10,109 shares. The company’s 50 day moving average price is $25.97 and its 200 day moving average price is $25.15. Walker & Dunlop has a 12-month low of $19.50 and a 12-month high of $31.00. The company has a market cap of $920.12 million, a P/E ratio of 9.42 and a beta of 1.12.
Walker & Dunlop (NYSE:WD) last released its quarterly earnings data on Wednesday, November 2nd. The company reported $0.96 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.25. The firm had revenue of $154.80 million for the quarter, compared to the consensus estimate of $129.17 million. Walker & Dunlop had a return on equity of 18.49% and a net margin of 18.82%. The company’s quarterly revenue was up 28.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.66 earnings per share. Analysts forecast that Walker & Dunlop will post $3.19 EPS for the current fiscal year.
In other news, President Howard W. Smith III sold 96,603 shares of the business’s stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $28.52, for a total value of $2,755,117.56. Following the sale, the president now directly owns 944,076 shares of the company’s stock, valued at approximately $26,925,047.52. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, President Howard W. Smith III sold 19,897 shares of the business’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $29.00, for a total value of $577,013.00. Following the completion of the sale, the president now directly owns 831,849 shares in the company, valued at $24,123,621. The disclosure for this sale can be found here. Company insiders own 11.60% of the company’s stock.
Several hedge funds have recently modified their holdings of WD. Acrospire Investment Management LLC bought a new stake in shares of Walker & Dunlop during the second quarter worth approximately $101,000. Mason Street Advisors LLC bought a new stake in shares of Walker & Dunlop during the second quarter worth approximately $121,000. Strs Ohio bought a new stake in shares of Walker & Dunlop during the third quarter worth approximately $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. 76.12% of the stock is currently owned by hedge funds and other institutional investors.
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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