Walker & Dunlop, Inc. (NYSE:WD) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday, October 19th.
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. “
A number of other brokerages have also recently issued reports on WD. BidaskClub cut Walker & Dunlop from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. JMP Securities upgraded Walker & Dunlop from a “market perform” rating to an “outperform” rating and set a $55.00 target price on the stock in a report on Thursday, August 3rd. Finally, Keefe, Bruyette & Woods set a $49.00 target price on Walker & Dunlop and gave the stock a “hold” rating in a report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $44.00.
Shares of Walker & Dunlop (NYSE WD) opened at 54.99 on Thursday. Walker & Dunlop has a 1-year low of $23.61 and a 1-year high of $56.46. The stock has a 50 day moving average of $51.35 and a 200 day moving average of $48.79. The firm has a market cap of $1.72 billion, a PE ratio of 12.16 and a beta of 1.37.
Walker & Dunlop (NYSE:WD) last issued its earnings results on Wednesday, August 2nd. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.02. Walker & Dunlop had a return on equity of 22.86% and a net margin of 21.91%. The firm had revenue of $166.40 million for the quarter, compared to analysts’ expectations of $167.51 million. During the same quarter last year, the business earned $1.05 earnings per share. The company’s revenue was up 12.5% compared to the same quarter last year. Equities research analysts anticipate that Walker & Dunlop will post $4.45 earnings per share for the current fiscal year.
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In other news, Director Dana L. Schmaltz bought 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The shares were acquired at an average price of $47.85 per share, with a total value of $95,700.00. Following the transaction, the director now owns 44,983 shares in the company, valued at $2,152,436.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dana L. Schmaltz purchased 1,000 shares of the stock in a transaction on Thursday, September 7th. The shares were bought at an average cost of $45.10 per share, for a total transaction of $45,100.00. Following the transaction, the director now directly owns 47,983 shares in the company, valued at $2,164,033.30. The disclosure for this purchase can be found here. In the last three months, insiders purchased 4,000 shares of company stock worth $186,850. 11.70% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of WD. Meeder Asset Management Inc. increased its position in shares of Walker & Dunlop by 226.2% during the 2nd quarter. Meeder Asset Management Inc. now owns 2,629 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 1,823 shares during the last quarter. Riverhead Capital Management LLC increased its holdings in shares of Walker & Dunlop by 68.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,698 shares of the financial services provider’s stock worth $132,000 after acquiring an additional 1,098 shares during the last quarter. Cypress Capital Management LLC WY increased its holdings in shares of Walker & Dunlop by 72.8% during the 2nd quarter. Cypress Capital Management LLC WY now owns 2,730 shares of the financial services provider’s stock worth $133,000 after acquiring an additional 1,150 shares during the last quarter. LS Investment Advisors LLC increased its holdings in shares of Walker & Dunlop by 1.5% during the 2nd quarter. LS Investment Advisors LLC now owns 3,165 shares of the financial services provider’s stock worth $155,000 after acquiring an additional 47 shares during the last quarter. Finally, Flinton Capital Management LLC increased its holdings in shares of Walker & Dunlop by 69.4% during the 2nd quarter. Flinton Capital Management LLC now owns 3,570 shares of the financial services provider’s stock worth $174,000 after acquiring an additional 1,462 shares during the last quarter. 77.12% of the stock is currently owned by hedge funds and other institutional investors.
Walker & Dunlop Company Profile
Walker & Dunlop, Inc is a holding company, which conducts its operations through Walker & Dunlop, LLC. The Company provides commercial real estate financial products and services primarily to developers and owners of multifamily properties. The Company 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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