Walker & Dunlop, Inc. (NYSE:WD) – Research analysts at Wedbush decreased their FY2018 EPS estimates for shares of Walker & Dunlop in a research note issued on Thursday, November 1st. Wedbush analyst H. Coffey now expects that the financial services provider will post earnings of $4.95 per share for the year, down from their prior estimate of $5.28. Wedbush currently has a “Outperform” rating and a $58.00 price target on the stock. Wedbush also issued estimates for Walker & Dunlop’s Q4 2018 earnings at $1.34 EPS, Q1 2019 earnings at $0.99 EPS, Q2 2019 earnings at $1.23 EPS, Q3 2019 earnings at $1.45 EPS, Q4 2019 earnings at $1.51 EPS and FY2020 earnings at $5.73 EPS.
Walker & Dunlop (NYSE:WD) last posted its earnings results on Wednesday, October 31st. The financial services provider reported $1.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.32 by ($0.15). The company had revenue of $184.70 million during the quarter, compared to analyst estimates of $203.03 million. Walker & Dunlop had a return on equity of 18.23% and a net margin of 29.89%. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.06 earnings per share.
Several other research analysts also recently commented on WD. JMP Securities dropped their price target on Walker & Dunlop from $65.00 to $60.00 and set a “market outperform” rating on the stock in a research report on Thursday, November 1st. Compass Point reaffirmed a “buy” rating and issued a $63.00 price target on shares of Walker & Dunlop in a research report on Wednesday, August 1st. Finally, ValuEngine downgraded Walker & Dunlop from a “hold” rating to a “sell” rating in a research report on Saturday, October 6th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $61.75.
Shares of NYSE WD opened at $47.62 on Monday. The company has a current ratio of 8.48, a quick ratio of 8.48 and a debt-to-equity ratio of 2.56. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 10.00 and a beta of 1.09. Walker & Dunlop has a 12 month low of $41.96 and a 12 month high of $61.44.
Several institutional investors and hedge funds have recently added to or reduced their stakes in WD. BlackRock Inc. increased its position in shares of Walker & Dunlop by 6.0% during the second quarter. BlackRock Inc. now owns 3,876,907 shares of the financial services provider’s stock valued at $215,748,000 after purchasing an additional 218,172 shares during the period. Burney Co. increased its position in shares of Walker & Dunlop by 2,217.0% during the second quarter. Burney Co. now owns 116,891 shares of the financial services provider’s stock valued at $6,505,000 after purchasing an additional 111,846 shares during the period. Boston Partners increased its position in shares of Walker & Dunlop by 3.1% during the second quarter. Boston Partners now owns 1,495,943 shares of the financial services provider’s stock valued at $83,249,000 after purchasing an additional 45,657 shares during the period. TD Asset Management Inc. increased its position in shares of Walker & Dunlop by 1,335.3% during the second quarter. TD Asset Management Inc. now owns 48,800 shares of the financial services provider’s stock valued at $2,716,000 after purchasing an additional 45,400 shares during the period. Finally, Allianz Asset Management GmbH increased its position in shares of Walker & Dunlop by 30.2% during the first quarter. Allianz Asset Management GmbH now owns 166,474 shares of the financial services provider’s stock valued at $9,891,000 after purchasing an additional 38,604 shares during the period. Institutional investors and hedge funds own 80.82% of the company’s stock.
In other news, EVP Richard C. Warner sold 22,637 shares of the business’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $54.05, for a total transaction of $1,223,529.85. Following the sale, the executive vice president now directly owns 63,395 shares in the company, valued at $3,426,499.75. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Howard W. Smith III sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $52.87, for a total value of $1,321,750.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 77,281 shares of company stock worth $4,154,217. Company insiders own 11.23% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 4th. Shareholders of record on Friday, November 16th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend is Thursday, November 15th. Walker & Dunlop’s dividend payout ratio is currently 21.01%.
About Walker & Dunlop
Walker & Dunlop, Inc, through its subsidiaries, originates, sells, and services a range of multifamily and other commercial real estate loans for owners and developers of real estate in the United States. The company offers multifamily properties and commercial real estate finance products, such as first mortgage loans, second trust loans, supplemental financings, construction loans, mezzanine loans, and bridge/interim loans.
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