Walker & Dunlop Inc. (WD) Shares Down 1.9%
Walker & Dunlop Inc. (NYSE:WD) traded down 1.9% during trading on Thursday . The stock traded as low as $27.07 and last traded at $27.16, with a volume of 60,604 shares changing hands. The stock had previously closed at $27.69.
Several equities research analysts have recently commented on the company. Zacks Investment Research upgraded Walker & Dunlop from a “sell” rating to a “strong-buy” rating and set a $32.00 price objective for the company in a report on Saturday, August 6th. Keefe, Bruyette & Woods upped their price target on Walker & Dunlop from $23.00 to $26.00 and gave the stock a “market perform” rating in a report on Thursday, August 4th. JMP Securities upped their price target on Walker & Dunlop from $27.00 to $30.00 and gave the stock a “market outperform” rating in a report on Thursday, August 4th. Sterne Agee CRT reiterated a “neutral” rating on shares of Walker & Dunlop in a report on Monday, May 16th. Finally, TheStreet upgraded Walker & Dunlop from a “hold” rating to a “buy” rating in a report on Monday, May 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Walker & Dunlop has an average rating of “Buy” and an average price target of $29.75.
The firm has a market capitalization of $830.97 million and a PE ratio of 9.36. The stock’s 50-day moving average price is $24.35 and its 200 day moving average price is $23.54.
Walker & Dunlop (NYSE:WD) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.36. The business earned $147.90 million during the quarter, compared to analysts’ expectations of $114.53 million. During the same quarter last year, the business posted $0.67 EPS. The company’s quarterly revenue was up 29.9% compared to the same quarter last year. Analysts expect that Walker & Dunlop Inc. will post $3.01 earnings per share for the current fiscal year.
In other news, CEO William M. Walker sold 53,170 shares of the firm’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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Other hedge funds and institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers boosted its position in Walker & Dunlop by 6.3% in the fourth quarter. Rhumbline Advisers now owns 36,191 shares of the company’s stock worth $1,043,000 after buying an additional 2,150 shares during the last quarter. Broadview Advisors LLC bought a new position in shares of Walker & Dunlop during the fourth quarter worth about $1,139,000. New York State Common Retirement Fund boosted its position in shares of Walker & Dunlop by 89.1% in the fourth quarter. New York State Common Retirement Fund now owns 45,584 shares of the company’s stock worth $1,313,000 after buying an additional 21,484 shares during the last quarter. California State Teachers Retirement System boosted its position in shares of Walker & Dunlop by 1.9% in the fourth quarter. California State Teachers Retirement System now owns 49,037 shares of the company’s stock worth $1,413,000 after buying an additional 900 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. boosted its position in shares of Walker & Dunlop by 47.4% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 78,106 shares of the company’s stock worth $2,250,000 after buying an additional 25,106 shares during the last quarter.
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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