Walker & Dunlop, Inc. (WD) to Distribute Quarterly Dividend of $0.68 on September 3rd

Walker & Dunlop, Inc. (NYSE:WD) declared a quarterly dividend on Wednesday, August 5th. Shareholders of record on Thursday, August 20th will be given a dividend of 0.68 per share by the financial services provider on Thursday, September 3rd. This represents a c) dividend on an annualized basis and a yield of 6.1%. The ex-dividend date of this dividend is Thursday, August 20th.

Walker & Dunlop has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 7 years. Walker & Dunlop has a dividend payout ratio of 61.5% indicating that its dividend is sufficiently covered by earnings.

Walker & Dunlop Stock Performance

Shares of WD opened at $44.24 on Friday. The firm has a market capitalization of $1.52 billion, a P/E ratio of 21.90 and a beta of 1.49. Walker & Dunlop has a 52 week low of $41.38 and a 52 week high of $90.00. The stock has a 50 day moving average price of $50.88 and a two-hundred day moving average price of $52.20.

Walker & Dunlop (NYSE:WD) last posted its earnings results on Thursday, August 6th. The financial services provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.29. The company had revenue of $306.69 million for the quarter, compared to analyst estimates of $337.37 million. Walker & Dunlop had a return on equity of 7.18% and a net margin of 5.29%.The company’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter last year, the company earned $1.15 earnings per share.

Wall Street Analysts Forecast Growth

WD has been the subject of a number of analyst reports. Weiss Ratings raised Walker & Dunlop from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday. Keefe, Bruyette & Woods cut their price objective on shares of Walker & Dunlop from $63.00 to $57.00 and set an “outperform” rating on the stock in a report on Friday. Stephens started coverage on shares of Walker & Dunlop in a research note on Thursday, April 23rd. They issued an “overweight” rating and a $69.00 target price for the company. Finally, Wall Street Zen upgraded shares of Walker & Dunlop from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $77.20.

About Walker & Dunlop

Walker & Dunlop is one of the largest providers of commercial real estate finance in the United States, specializing in the origination, servicing and sale of loans secured by multifamily, seniors housing, healthcare, student housing and manufactured housing properties. The firm offers a full suite of debt and equity solutions, including agency financing through Fannie Mae and Freddie Mac, HUD and FHA-insured loans, bridge and construction financing, mezzanine debt, preferred equity, and investment sales advisory.

With roots dating back to 1937 and its headquarters in Bethesda, Maryland, Walker & Dunlop has expanded its platform through both organic growth and strategic acquisitions.