Walker & Dunlop, Inc. (NYSE:WD) Short Interest Update

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Walker & Dunlop, Inc. (NYSE:WD) saw a large increase in short interest in October. As of October 31st, there was short interest totalling 463,500 shares, an increase of 22.9% from the September 30th total of 377,000 shares. Based on an average trading volume of 127,600 shares, the days-to-cover ratio is presently 3.6 days. Approximately 1.6% of the company’s shares are sold short.

Several equities analysts have weighed in on the company. Wedbush reaffirmed an “outperform” rating on shares of Walker & Dunlop in a research report on Wednesday, November 6th. Compass Point set a $63.00 target price on Walker & Dunlop and gave the company a “buy” rating in a research report on Tuesday, September 10th. ValuEngine downgraded Walker & Dunlop from a “hold” rating to a “sell” rating in a research report on Friday, September 6th. Zacks Investment Research raised Walker & Dunlop from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research report on Saturday. Finally, Keefe, Bruyette & Woods downgraded Walker & Dunlop from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $65.00 to $64.00 in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $66.33.

Shares of Walker & Dunlop stock traded down $0.31 on Wednesday, reaching $65.75. 1,060 shares of the company were exchanged, compared to its average volume of 148,829. Walker & Dunlop has a 1-year low of $37.96 and a 1-year high of $66.44. The company has a market cap of $2.02 billion, a P/E ratio of 13.02 and a beta of 0.95. The company has a debt-to-equity ratio of 1.55, a current ratio of 4.39 and a quick ratio of 4.39. The stock’s 50 day moving average price is $59.96 and its 200-day moving average price is $56.05.

Walker & Dunlop (NYSE:WD) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.39 EPS for the quarter, topping the Zacks’ consensus estimate of $1.34 by $0.05. Walker & Dunlop had a return on equity of 18.54% and a net margin of 21.62%. The business had revenue of $212.30 million during the quarter, compared to the consensus estimate of $202.95 million. During the same period in the previous year, the company posted $1.17 earnings per share. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. On average, research analysts predict that Walker & Dunlop will post 5.38 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Thursday, November 21st. Walker & Dunlop’s dividend payout ratio is presently 23.81%.

In other Walker & Dunlop news, EVP Richard C. Warner sold 10,000 shares of Walker & Dunlop stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $62.71, for a total value of $627,100.00. Following the completion of the transaction, the executive vice president now directly owns 61,800 shares of the company’s stock, valued at approximately $3,875,478. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 10.37% of the company’s stock.

Several institutional investors have recently made changes to their positions in WD. Captrust Financial Advisors acquired a new position in shares of Walker & Dunlop in the 2nd quarter worth $27,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Walker & Dunlop by 20.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,000 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 339 shares during the period. Russell Investments Group Ltd. bought a new stake in shares of Walker & Dunlop in the 3rd quarter valued at $127,000. First Quadrant L P CA increased its position in shares of Walker & Dunlop by 526.6% in the 2nd quarter. First Quadrant L P CA now owns 2,945 shares of the financial services provider’s stock valued at $157,000 after buying an additional 2,475 shares in the last quarter. Finally, Denali Advisors LLC increased its holdings in Walker & Dunlop by 214.1% during the 2nd quarter. Denali Advisors LLC now owns 3,000 shares of the financial services provider’s stock worth $160,000 after purchasing an additional 2,045 shares in the last quarter. 78.34% of the stock is owned by institutional investors and hedge funds.

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, second trust, supplemental, construction, mezzanine, preferred equity, small-balance, and bridge/interim loans.

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