Key Points
- Director Gary Pinkus bought 4,850 Walker & Dunlop shares at an average price of $41.35, investing about $200,548; the purchase was disclosed in an SEC filing.
- Recent quarterly results fell short of expectations: earnings were $0.92 per share versus $0.98 forecast, while revenue declined 11.6% year over year to $298.45 million.
- The company announced a quarterly dividend of $0.68 per share, equivalent to a 6.8% yield at the article’s cited share price; analysts’ consensus rating was “Moderate Buy,” with a $59.25 average price target.
Walker & Dunlop, Inc. (NYSE:WD - Get Free Report) Director Gary Pinkus bought 4,850 shares of the stock in a transaction that occurred on Monday, November 9th. The stock was acquired at an average cost of $41.35 per share, for a total transaction of $200,547.50. Following the purchase, the director owned 4,850 shares of the company's stock, valued at $200,547.50. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Walker & Dunlop Stock Down 3.6%
Shares of WD opened at $39.98 on Wednesday. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of -39.58 and a beta of 1.48. Walker & Dunlop, Inc. has a 12 month low of $31.40 and a 12 month high of $69.19. The company has a 50-day moving average price of $36.65 and a two-hundred day moving average price of $47.14.
Walker & Dunlop (NYSE:WD - Get Free Report) last released its quarterly earnings data on Thursday, November 5th. The financial services provider reported $0.92 earnings per share for the quarter, missing analysts' consensus estimates of $0.98 by ($0.06). Walker & Dunlop had a negative net margin of 2.64% and a positive return on equity of 6.66%. The company had revenue of $298.45 million for the quarter, compared to analyst estimates of $310.93 million. During the same period in the previous year, the firm posted $1.22 earnings per share. The firm's revenue for the quarter was down 11.6% compared to the same quarter last year.
Walker & Dunlop Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Investors 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 is Friday, November 20th. Walker & Dunlop's dividend payout ratio (DPR) is -269.31%.
Analyst Upgrades and Downgrades
Several analysts recently commented on the company. Citizens Jmp lowered their price target on 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. Weiss Ratings lowered Walker & Dunlop from a "sell (d+)" rating to a "sell (d)" rating in a research note on Monday. Citigroup reissued a "market outperform" rating on shares of Walker & Dunlop in a report on Friday, October 16th. Keefe, Bruyette & Woods reduced their target price on shares of Walker & Dunlop from $45.00 to $43.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 3rd. Finally, Wall Street Zen raised shares of Walker & Dunlop from a "sell" rating to a "hold" rating in a report on Saturday, August 29th. Five equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Walker & Dunlop currently has a consensus rating of "Moderate Buy" and an average price target of $59.25.
Read Our Latest Stock Analysis on WD
Institutional Trading of Walker & Dunlop
Several hedge funds have recently modified their holdings of WD. HighTower Advisors LLC grew its position in Walker & Dunlop by 3.7% during the 3rd quarter. HighTower Advisors LLC now owns 31,246 shares of the financial services provider's stock worth $1,097,000 after acquiring an additional 1,126 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in Walker & Dunlop by 39.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,606 shares of the financial services provider's stock valued at $56,000 after purchasing an additional 457 shares in the last quarter. Carson Advisory Inc. raised its position in Walker & Dunlop by 10.4% in the 3rd quarter. Carson Advisory Inc. now owns 14,900 shares of the financial services provider's stock valued at $523,000 after purchasing an additional 1,400 shares during the last quarter. Fifth Third Bancorp raised its position in Walker & Dunlop by 4.2% in the 3rd quarter. Fifth Third Bancorp now owns 7,999 shares of the financial services provider's stock valued at $281,000 after purchasing an additional 323 shares during the last quarter. Finally, Maryland State Retirement & Pension System raised its position in Walker & Dunlop by 56.8% in the 3rd quarter. Maryland State Retirement & Pension System now owns 7,765 shares of the financial services provider's stock valued at $273,000 after purchasing an additional 2,813 shares during the last quarter. Institutional investors and hedge funds own 80.97% of the company's stock.
Walker & Dunlop Company Profile
(
Get Free Report)
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.
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