Wedbush Begins Coverage on Walker & Dunlop Inc. (WD)
Equities research analysts at Wedbush initiated coverage on shares of Walker & Dunlop Inc. (NYSE:WD) in a report released on Wednesday, The Fly reports. The brokerage set a “neutral” rating on the stock.
Other analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Walker & Dunlop from a “buy” rating to a “hold” rating in a report on Tuesday, July 19th. Keefe, Bruyette & Woods upped their price target on shares of Walker & Dunlop from $23.00 to $26.00 and gave the company a “market perform” rating in a research report on Thursday, August 4th. Finally, JMP Securities upped their price target on shares of Walker & Dunlop from $27.00 to $30.00 and gave the company a “market outperform” rating in a research report on Thursday, August 4th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $29.75.
Shares of Walker & Dunlop (NYSE:WD) traded down 0.08% during mid-day trading on Wednesday, hitting $25.79. 96,851 shares of the stock traded hands. Walker & Dunlop has a 52 week low of $19.50 and a 52 week high of $33.17. The stock has a 50-day moving average of $26.02 and a 200-day moving average of $24.39. The company has a market cap of $794.62 million, a price-to-earnings ratio of 8.95 and a beta of 1.05.
Walker & Dunlop (NYSE:WD) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $1.05 earnings per share (EPS) for the quarter, beating 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. Walker & Dunlop had a net margin of 18.20% and a return on equity of 17.60%. The business’s revenue was up 29.9% on a year-over-year basis. During the same period last year, the firm posted $0.67 earnings per share. Analysts anticipate that Walker & Dunlop will post $3.01 EPS for the current year.
In related news, Director Dana L. Schmaltz bought 1,500 shares of the business’s stock in a transaction on Friday, September 9th. The stock was bought at an average price of $25.85 per share, for a total transaction of $38,775.00. Following the transaction, the director now directly owns 41,833 shares in the company, valued at $1,081,383.05. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO William M. Walker sold 26,016 shares of the stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $26.49, for a total transaction of $689,163.84. Following the completion of the sale, the chief executive officer now owns 1,463,329 shares of the company’s stock, valued at approximately $38,763,585.21. The disclosure for this sale can be found here. 11.60% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in WD. Citadel Advisors LLC bought a new stake in Walker & Dunlop during the second quarter worth about $10,033,000. Kestrel Investment Management Corp bought a new stake in Walker & Dunlop during the second quarter worth about $4,914,000. Riverhead Capital Management LLC increased its stake in Walker & Dunlop by 2,706.3% in the second quarter. Riverhead Capital Management LLC now owns 182,749 shares of the company’s stock worth $13,344,000 after buying an additional 176,237 shares during the last quarter. Citigroup Inc. increased its stake in Walker & Dunlop by 524.9% in the second quarter. Citigroup Inc. now owns 177,046 shares of the company’s stock worth $4,033,000 after buying an additional 148,713 shares during the last quarter. Finally, SECOR Capital Advisors LP increased its stake in Walker & Dunlop by 690.0% in the second quarter. SECOR Capital Advisors LP now owns 131,366 shares of the company’s stock worth $2,992,000 after buying an additional 114,738 shares during the last quarter. 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.
Receive News & Ratings for Walker & Dunlop Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walker & Dunlop Inc. and related companies with MarketBeat.com's FREE daily email newsletter.