Walker & Dunlop, Inc. (NYSE:WD) – Equities research analysts at Wedbush raised their Q1 2019 earnings estimates for shares of Walker & Dunlop in a report released on Monday, February 11th. Wedbush analyst H. Coffey now forecasts that the financial services provider will post earnings of $1.05 per share for the quarter, up from their previous forecast of $0.99. Wedbush has a “Outperform” rating and a $58.00 price objective on the stock. Wedbush also issued estimates for Walker & Dunlop’s Q2 2019 earnings at $1.26 EPS, Q3 2019 earnings at $1.53 EPS, Q4 2019 earnings at $1.56 EPS, FY2019 earnings at $5.40 EPS and FY2020 earnings at $5.95 EPS.
Get Walker & Dunlop alerts:WD has been the topic of a number of other reports. JMP Securities dropped their price target on Walker & Dunlop from $65.00 to $60.00 and set a “market outperform” rating on the stock in a research report on Thursday, November 1st. ValuEngine raised Walker & Dunlop from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, Zacks Investment Research raised Walker & Dunlop from a “sell” rating to a “hold” rating in a research note on Tuesday, January 1st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $61.75.
Shares of NYSE WD opened at $52.45 on Wednesday. Walker & Dunlop has a 52-week low of $37.96 and a 52-week high of $61.44. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 10.41 and a beta of 0.99. The company has a debt-to-equity ratio of 1.61, a quick ratio of 8.48 and a current ratio of 4.08.
Walker & Dunlop (NYSE:WD) last issued its earnings results on Wednesday, February 6th. The financial services provider reported $1.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.10. Walker & Dunlop had a return on equity of 18.33% and a net margin of 22.24%. The company had revenue of $214.93 million during the quarter, compared to the consensus estimate of $204.20 million. During the same quarter in the prior year, the business earned $1.26 earnings per share. The company’s revenue was up 3.7% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 7th. Investors of record on Tuesday, February 26th will be given a dividend of $0.30 per share. The ex-dividend date is Monday, February 25th. This is an increase from Walker & Dunlop’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a yield of 2.29%. Walker & Dunlop’s dividend payout ratio (DPR) is 19.84%.
In related news, President Howard W. Smith III sold 37,996 shares of the business’s stock in a transaction that occurred on Friday, January 18th. The shares were sold at an average price of $50.06, for a total value of $1,902,079.76. Following the completion of the transaction, the president now owns 154,913 shares in the company, valued at approximately $7,754,944.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Howard W. Smith III sold 62,004 shares of the business’s stock in a transaction that occurred on Wednesday, February 6th. The stock was sold at an average price of $50.58, for a total transaction of $3,136,162.32. Following the completion of the transaction, the president now owns 103,806 shares of the company’s stock, valued at approximately $5,250,507.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 103,879 shares of company stock worth $5,224,512. 11.23% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio acquired a new position in shares of Walker & Dunlop in the 2nd quarter valued at $129,000. Russell Investments Group Ltd. bought a new stake in Walker & Dunlop during the 3rd quarter worth about $181,000. Magnus Financial Group LLC bought a new stake in Walker & Dunlop during the 4th quarter worth about $211,000. Jefferies Group LLC bought a new stake in shares of Walker & Dunlop in the 3rd quarter valued at about $213,000. Finally, Ontario Teachers Pension Plan Board bought a new stake in shares of Walker & Dunlop in the 3rd quarter valued at about $269,000. 80.44% of the stock is owned by hedge funds and other institutional investors.
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 loans, second trust loans, supplemental financings, construction loans, mezzanine loans, and bridge/interim loans.
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