Walker & Dunlop (NYSE:WD)‘s stock had its “hold” rating reissued by research analysts at Wedbush in a report released on Tuesday. They currently have a $58.00 price target on the financial services provider’s stock. Wedbush’s target price suggests a potential upside of 8.41% from the stock’s current price.
Several other research analysts have also recently commented on WD. Compass Point reiterated a “buy” rating and issued a $63.00 target price on shares of Walker & Dunlop in a report on Wednesday, August 1st. ValuEngine cut shares of Walker & Dunlop from a “buy” rating to a “hold” rating in a report on Saturday, June 2nd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Walker & Dunlop has an average rating of “Hold” and an average price target of $62.33.
Shares of WD opened at $53.50 on Tuesday. The company has a market capitalization of $1.67 billion, a PE ratio of 11.24 and a beta of 0.66. The company has a debt-to-equity ratio of 1.62, a quick ratio of 6.99 and a current ratio of 6.99. Walker & Dunlop has a 12-month low of $42.66 and a 12-month high of $61.44.
Walker & Dunlop (NYSE:WD) last announced its quarterly earnings data on Wednesday, August 1st. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.34 by ($0.06). The business had revenue of $178.20 million during the quarter, compared to analyst estimates of $182.79 million. Walker & Dunlop had a return on equity of 18.89% and a net margin of 29.63%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.08 EPS.
In other Walker & Dunlop news, EVP Richard M. Lucas sold 16,000 shares of the firm’s stock in a transaction dated Tuesday, July 17th. The shares were sold at an average price of $57.46, for a total value of $919,360.00. Following the completion of the transaction, the executive vice president now directly owns 121,870 shares in the company, valued at $7,002,650.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, President Howard W. Smith III sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $53.90, for a total transaction of $1,347,500.00. Following the sale, the president now owns 635,270 shares of the company’s stock, valued at $34,241,053. The disclosure for this sale can be found here. Over the last quarter, insiders sold 140,913 shares of company stock valued at $7,811,783. Corporate insiders own 11.23% of the company’s stock.
Several hedge funds have recently bought and sold shares of WD. BlackRock Inc. boosted its holdings 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 worth $215,748,000 after purchasing an additional 218,172 shares during the period. Burney Co. boosted its holdings 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 worth $6,505,000 after purchasing an additional 111,846 shares during the period. Boston Partners raised its position in 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 acquiring an additional 45,657 shares in the last quarter. TD Asset Management Inc. raised its position in 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 acquiring an additional 45,400 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its position in 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 acquiring an additional 38,604 shares in the last quarter. Institutional investors and hedge funds own 81.39% of the company’s stock.
Walker & Dunlop Company Profile
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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