Walker & Dunlop (WD) Upgraded by Wedbush to Outperform

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Walker & Dunlop (NYSE:WD) was upgraded by research analysts at Wedbush from a “neutral” rating to an “outperform” rating in a research note issued to investors on Thursday, MarketBeat Ratings reports. The brokerage presently has a $58.00 price target on the financial services provider’s stock, up from their prior price target of $55.00. Wedbush’s price objective points to a potential upside of 26.64% from the company’s current price.

Several other research analysts have also issued reports on WD. Compass Point reissued a “buy” rating and issued a $63.00 price target on shares of Walker & Dunlop in a research report on Wednesday, August 1st. ValuEngine lowered shares of Walker & Dunlop from a “hold” rating to a “sell” rating in a research report on Saturday, October 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $61.00.

Shares of NYSE WD traded up $3.84 during mid-day trading on Thursday, hitting $45.80. The company had a trading volume of 446,201 shares, compared to its average volume of 157,950. 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 $41.96 and a 12 month high of $61.44. The stock has a market cap of $1.53 billion, a PE ratio of 9.62 and a beta of 0.64.

Walker & Dunlop (NYSE:WD) last released 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). Walker & Dunlop had a net margin of 29.63% and a return on equity of 18.89%. The company had revenue of $184.70 million during the quarter, compared to the consensus estimate of $203.03 million. During the same quarter in the previous year, the business posted $1.06 EPS. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. Research analysts forecast that Walker & Dunlop will post 5.28 earnings per share for the current fiscal year.

In other news, President Howard W. Smith III sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $54.28, for a total transaction of $1,357,000.00. Following the completion of the sale, the president now owns 606,408 shares of the company’s stock, valued at $32,915,826.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director E. John Rice, Jr. sold 4,644 shares of the firm’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $54.25, for a total transaction of $251,937.00. Following the sale, the director now directly owns 22,579 shares of the company’s stock, valued at approximately $1,224,910.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 77,281 shares of company stock valued at $4,154,217. Company insiders own 11.70% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Walker & Dunlop by 1,013.2% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,692 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 1,540 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Walker & Dunlop in the second quarter valued at approximately $129,000. Russell Investments Group Ltd. acquired a new stake in shares of Walker & Dunlop in the third quarter valued at approximately $181,000. Tower Research Capital LLC TRC acquired a new stake in shares of Walker & Dunlop in the second quarter valued at approximately $190,000. Finally, SG Americas Securities LLC increased its holdings in shares of Walker & Dunlop by 81.2% in the second quarter. SG Americas Securities LLC now owns 3,872 shares of the financial services provider’s stock valued at $215,000 after purchasing an additional 1,735 shares in the last quarter. 81.00% of the stock is owned by institutional investors.

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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