Walker & Dunlop Inc. (WD) Downgraded by Zacks Investment Research to Hold
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 several other reports. JMP Securities raised their price objective on shares of Walker & Dunlop from $27.00 to $30.00 and gave the stock a market outperform rating in a report on Thursday, August 4th. Wedbush assumed coverage on shares of Walker & Dunlop in a research note on Wednesday. They set a neutral rating and a $26.75 target price for the company. Finally, Keefe, Bruyette & Woods raised their target price on shares of Walker & Dunlop from $23.00 to $26.00 and gave the company a market perform rating in a research note on Thursday, August 4th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of $29.15.
Walker & Dunlop (NYSE:WD) traded up 0.263% during trading on Thursday, reaching $24.775. The company had a trading volume of 62,692 shares. The firm has a market capitalization of $763.34 million, a PE ratio of 8.599 and a beta of 1.05. The firm’s 50 day moving average price is $25.95 and its 200 day moving average price is $24.40. Walker & Dunlop has a 12-month low of $19.50 and a 12-month high of $33.17.
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 net margin of 18.20% and a return on equity of 17.60%. The business earned $147.90 million during the quarter, compared to analyst estimates of $114.53 million. During the same period last year, the business posted $0.67 earnings per share. Walker & Dunlop’s quarterly revenue was up 29.9% compared to the same quarter last year. Equities research analysts forecast that Walker & Dunlop will post $2.90 EPS for the current year.
In other news, Director Dana L. Schmaltz purchased 1,500 shares of Walker & Dunlop stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 40,333 shares of the company’s stock, valued at $1,055,514.61. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO William M. Walker sold 26,016 shares of the firm’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $26.49, for a total transaction of $689,163.84. Following the sale, the chief executive officer now directly 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. Corporate insiders own 11.60% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Virginia Retirement System bought a new stake in shares of Walker & Dunlop during the first quarter valued at about $995,000. TIAA CREF Investment Management LLC boosted its stake in shares of Walker & Dunlop by 31.3% in the first quarter. TIAA CREF Investment Management LLC now owns 116,108 shares of the company’s stock valued at $2,818,000 after buying an additional 27,647 shares in the last quarter. Teachers Advisors Inc. boosted its stake in shares of Walker & Dunlop by 5.0% in the first quarter. Teachers Advisors Inc. now owns 58,628 shares of the company’s stock valued at $1,423,000 after buying an additional 2,788 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of Walker & Dunlop by 2.4% in the first quarter. Prudential Financial Inc. now owns 514,452 shares of the company’s stock valued at $12,485,000 after buying an additional 11,831 shares in the last quarter. Finally, BlackRock Group LTD boosted its stake in shares of Walker & Dunlop by 6.6% in the first quarter. BlackRock Group LTD now owns 42,855 shares of the company’s stock valued at $1,040,000 after buying an additional 2,645 shares in the last quarter. 78.04% of the stock is owned by institutional investors.
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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