Walker & Dunlop, Inc. (NYSE:WD) EVP Richard C. Warner sold 11,496 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $65.51, for a total value of $753,102.96. Following the completion of the sale, the executive vice president now directly owns 63,296 shares in the company, valued at approximately $4,146,520.96. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of NYSE:WD traded down $1.22 during trading hours on Tuesday, hitting $64.17. The stock had a trading volume of 141,932 shares, compared to its average volume of 142,796. The stock’s fifty day simple moving average is $63.42 and its 200 day simple moving average is $57.11. Walker & Dunlop, Inc. has a 1-year low of $37.96 and a 1-year high of $66.59. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 12.73 and a beta of 0.97. The company has a debt-to-equity ratio of 1.55, a quick ratio of 4.39 and a current ratio of 4.39.
Walker & Dunlop (NYSE:WD) last released its earnings results on Wednesday, November 6th. The financial services provider reported $1.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.34 by $0.05. The firm had revenue of $212.30 million for the quarter, compared to analysts’ expectations of $202.95 million. Walker & Dunlop had a net margin of 21.62% and a return on equity of 18.54%. Walker & Dunlop’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter last year, the company earned $1.17 EPS. As a group, research analysts anticipate that Walker & Dunlop, Inc. will post 5.38 EPS for the current year.
A number of large investors have recently made changes to their positions in the stock. Captrust Financial Advisors acquired a new stake in shares of Walker & Dunlop during the second quarter valued at approximately $27,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in 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 worth $112,000 after purchasing an additional 339 shares during the period. Russell Investments Group Ltd. acquired a new position in Walker & Dunlop in the 3rd quarter worth approximately $127,000. First Quadrant L P CA grew its position in Walker & Dunlop by 526.6% during the 2nd quarter. First Quadrant L P CA now owns 2,945 shares of the financial services provider’s stock worth $157,000 after purchasing an additional 2,475 shares in the last quarter. Finally, CIBC Asset Management Inc purchased a new position in Walker & Dunlop during the 2nd quarter worth approximately $203,000. 78.40% of the stock is currently owned by hedge funds and other institutional investors.
WD has been the subject of a number of analyst reports. Keefe, Bruyette & Woods lowered Walker & Dunlop from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $65.00 to $64.00 in a research report on Thursday, September 5th. Compass Point set a $63.00 target price on Walker & Dunlop and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Zacks Investment Research upgraded Walker & Dunlop from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research note on Saturday, November 9th. ValuEngine downgraded shares of Walker & Dunlop from a “hold” rating to a “sell” rating in a report on Friday, September 6th. Finally, Wedbush restated an “outperform” rating on shares of Walker & Dunlop in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $66.33.
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, second trust, supplemental, construction, mezzanine, preferred equity, small-balance, and bridge/interim loans.
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