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. “
WD has been the subject of a number of other research reports. Wedbush assumed coverage on Walker & Dunlop in a research report on Wednesday, October 5th. 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 stock 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 stock a market outperform rating in a research report on Thursday, August 4th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $29.15.
Shares of Walker & Dunlop (NYSE:WD) opened at 24.52 on Thursday. The stock’s 50 day moving average is $25.85 and its 200 day moving average is $24.42. Walker & Dunlop has a 12 month low of $19.50 and a 12 month high of $33.17. The firm has a market cap of $755.49 million, a P/E ratio of 8.51 and a beta of 1.05.
Walker & Dunlop (NYSE:WD) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $1.05 EPS 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 company earned $147.90 million during the quarter, compared to analyst estimates of $114.53 million. During the same quarter in the previous year, the firm earned $0.67 earnings per share. Walker & Dunlop’s revenue was up 29.9% on a year-over-year basis. Equities research analysts expect that Walker & Dunlop will post $2.90 EPS for the current year.
In other Walker & Dunlop news, CEO William M. Walker sold 3,110 shares of the business’s stock in a transaction that occurred on Wednesday, October 5th. The stock was sold at an average price of $26.04, for a total value of $80,984.40. Following the completion of the sale, the chief executive officer now owns 1,447,468 shares in the company, valued at $37,692,066.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dana L. Schmaltz acquired 1,500 shares of the stock in a transaction on Friday, August 19th. The stock was bought at an average price of $26.17 per share, with a total value of $39,255.00. Following the transaction, the director now directly owns 40,333 shares of the company’s stock, valued at approximately $1,055,514.61. The disclosure for this purchase can be found here. 11.60% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in WD. Acrospire Investment Management LLC bought a new stake in shares of Walker & Dunlop during the second quarter valued at $101,000. Mason Street Advisors LLC bought a new stake in shares of Walker & Dunlop during the second quarter valued at $121,000. BlackRock Inc. increased 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 valued at $180,000 after buying an additional 6,146 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Walker & Dunlop by 117.6% in the second quarter. BNP Paribas Arbitrage SA now owns 8,702 shares of the company’s stock valued at $198,000 after buying an additional 4,703 shares during the last quarter. Finally, Stevens Capital Management LP bought a new stake in shares of Walker & Dunlop during the second quarter valued at $212,000. Hedge funds and other institutional investors own 78.04% of the company’s stock.
About Walker & Dunlop
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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