Shares of Walker & Dunlop, Inc. (NYSE:WD) have received a consensus recommendation of “Buy” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $55.00.
A number of research firms have recently weighed in on WD. ValuEngine raised Walker & Dunlop from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 8th. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Walker & Dunlop in a report on Wednesday, February 7th. TheStreet raised Walker & Dunlop from a “c+” rating to a “b” rating in a report on Tuesday, March 13th. Finally, Zacks Investment Research raised Walker & Dunlop from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th.
Shares of WD stock opened at $59.42 on Friday. The company has a debt-to-equity ratio of 1.35, a current ratio of 9.41 and a quick ratio of 9.41. Walker & Dunlop has a 52 week low of $39.38 and a 52 week high of $59.93. The company has a market capitalization of $1,829.78, a price-to-earnings ratio of 12.48 and a beta of 1.00.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 7th. Stockholders of record on Friday, February 23rd were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.68%. Walker & Dunlop’s dividend payout ratio (DPR) is presently 21.01%.
Walker & Dunlop announced that its board has authorized a share buyback plan on Wednesday, February 7th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.
In related news, CEO William M. Walker sold 36,272 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $50.55, for a total transaction of $1,833,549.60. Following the sale, the chief executive officer now owns 1,337,002 shares of the company’s stock, valued at $67,585,451.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO William M. Walker sold 54,574 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $48.04, for a total value of $2,621,734.96. Following the sale, the chief executive officer now directly owns 1,377,213 shares in the company, valued at approximately $66,161,312.52. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 226,878 shares of company stock worth $11,177,877. Corporate insiders own 11.70% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. Eaton Vance Management bought a new position in shares of Walker & Dunlop in the fourth quarter valued at $1,077,000. Teacher Retirement System of Texas bought a new position in shares of Walker & Dunlop in the fourth quarter valued at $484,000. OxFORD Asset Management LLP bought a new position in shares of Walker & Dunlop in the third quarter valued at $770,000. Legal & General Group Plc increased its holdings in shares of Walker & Dunlop by 11.9% in the third quarter. Legal & General Group Plc now owns 56,815 shares of the financial services provider’s stock valued at $2,972,000 after buying an additional 6,031 shares in the last quarter. Finally, Crossmark Global Holdings Inc. increased its holdings in shares of Walker & Dunlop by 13.7% in the fourth quarter. Crossmark Global Holdings Inc. now owns 11,380 shares of the financial services provider’s stock valued at $541,000 after buying an additional 1,370 shares in the last quarter. 81.16% of the stock is currently owned by hedge funds and other institutional investors.
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Walker & Dunlop Company Profile
Walker & Dunlop, Inc is a holding company, which conducts its operations through Walker & Dunlop, LLC. The Company provides commercial real estate financial products and services primarily to developers and owners of multifamily properties. The Company originates, sells and services a range of multifamily and other commercial real estate financing products, including Multifamily Finance, Federal Housing Administration (FHA) Finance, Capital Markets, and Proprietary Capital.
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