Walker & Dunlop (NYSE:WD) Director Gary Pinkus Purchases 4,850 Shares of Company Stock

Walker & Dunlop, Inc. (NYSE:WD) Director Gary Pinkus bought 4,850 shares of the business’s stock in a transaction that occurred on Monday, November 9th. The shares were purchased at an average price of $41.35 per share, for a total transaction of $200,547.50. Following the completion of the purchase, the director directly owned 4,850 shares of the company’s stock, valued at approximately $200,547.50. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Walker & Dunlop Trading Down 3.6%

NYSE:WD traded down $1.51 during mid-day trading on Tuesday, hitting $39.98. The stock had a trading volume of 624,704 shares, compared to its average volume of 393,582. Walker & Dunlop, Inc. has a twelve month low of $31.40 and a twelve month high of $69.19. The stock has a 50-day simple moving average of $36.66 and a two-hundred day simple moving average of $47.26. The company has a market capitalization of $1.37 billion, a PE ratio of -39.58 and a beta of 1.48.

Walker & Dunlop (NYSE:WD) last announced its quarterly earnings data on Thursday, November 5th. The financial services provider reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.06). Walker & Dunlop had a net margin of 2.94% and a return on equity of 7.25%. The firm had revenue of $298.45 million during the quarter, compared to analysts’ expectations of $310.93 million. During the same period in the prior year, the company posted $1.22 earnings per share. The company’s revenue for the quarter was down 11.6% on a year-over-year basis.

Walker & Dunlop Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 20th will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 6.8%. The ex-dividend date of this dividend is Friday, November 20th. Walker & Dunlop’s dividend payout ratio (DPR) is -269.31%.

Analyst Upgrades and Downgrades

WD has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Walker & Dunlop from a “sell” rating to a “hold” rating in a report on Saturday, August 29th. Weiss Ratings downgraded shares of Walker & Dunlop from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 18th. Citizens Jmp dropped their target price on shares of Walker & Dunlop from $55.00 to $50.00 and set a “market outperform” rating on the stock in a research report on Friday, October 16th. Citigroup reiterated a “market outperform” rating on shares of Walker & Dunlop in a research note on Friday, October 16th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Walker & Dunlop from $45.00 to $43.00 and set an “outperform” rating for the company in a research report on Tuesday, November 3rd. Five investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $59.25.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Walker & Dunlop in the second quarter valued at approximately $289,614,000. Dimensional Fund Advisors LP increased its holdings in shares of Walker & Dunlop by 8.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,369,114 shares of the financial services provider’s stock valued at $60,760,000 after acquiring an additional 104,008 shares during the period. Jupiter Topco LLC purchased a new stake in Walker & Dunlop in the 2nd quarter valued at $63,434,000. Conversant Capital LLC raised its position in Walker & Dunlop by 33.0% in the 1st quarter. Conversant Capital LLC now owns 560,316 shares of the financial services provider’s stock valued at $24,867,000 after purchasing an additional 138,936 shares during the last quarter. Finally, Alyeska Investment Group L.P. boosted its stake in Walker & Dunlop by 3.7% during the 2nd quarter. Alyeska Investment Group L.P. now owns 555,439 shares of the financial services provider’s stock worth $30,383,000 after purchasing an additional 19,988 shares during the period. Institutional investors and hedge funds own 80.97% of the company’s stock.

About Walker & Dunlop

Walker & Dunlop, Inc. is a commercial real estate finance and advisory firm focused primarily on multifamily properties. It arranges debt and equity financing, provides investment sales and property valuation services, and offers capital markets and investment management services to property owners and investors. The company works with government-sponsored housing finance agencies, including Fannie Mae and Freddie Mac, as well as the Federal Housing Administration, to provide financing options. Its services also include loan servicing and financing for other types of commercial real estate.