Walker & Dunlop, Inc. (NYSE:WD) EVP Richard C. Warner sold 8,800 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $51.67, for a total transaction of $454,696.00. Following the completion of the transaction, the executive vice president now directly owns 69,400 shares in the company, valued at approximately $3,585,898. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Shares of Walker & Dunlop stock traded down $0.10 during mid-day trading on Friday, hitting $52.52. 446,818 shares of the stock were exchanged, compared to its average volume of 170,663. Walker & Dunlop, Inc. has a 12 month low of $37.96 and a 12 month high of $61.44. The company has a quick ratio of 4.08, a current ratio of 6.51 and a debt-to-equity ratio of 1.61. The stock has a market cap of $1.59 billion, a P/E ratio of 10.42 and a beta of 0.95.
Walker & Dunlop (NYSE:WD) last posted its earnings results on Wednesday, February 6th. The financial services provider reported $1.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.10. Walker & Dunlop had a net margin of 22.24% and a return on equity of 18.33%. The firm had revenue of $214.93 million for the quarter, compared to analysts’ expectations of $204.20 million. During the same quarter last year, the firm earned $1.26 EPS. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, equities analysts anticipate that Walker & Dunlop, Inc. will post 5.4 EPS for the current year.
Several institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. purchased a new stake in shares of Walker & Dunlop during the 3rd quarter worth approximately $181,000. Magnus Financial Group LLC purchased a new stake in shares of Walker & Dunlop during the 4th quarter worth approximately $211,000. Jefferies Group LLC purchased a new stake in shares of Walker & Dunlop during the 3rd quarter worth approximately $213,000. Ontario Teachers Pension Plan Board purchased a new stake in shares of Walker & Dunlop during the 3rd quarter worth approximately $269,000. Finally, Capital Fund Management S.A. purchased a new stake in shares of Walker & Dunlop during the 3rd quarter worth approximately $275,000. 76.38% of the stock is currently owned by hedge funds and other institutional investors.
WD has been the topic of several recent research reports. BTIG Research initiated coverage on shares of Walker & Dunlop in a research report on Wednesday. They issued a “buy” rating and a $70.00 price target on the stock. ValuEngine raised shares of Walker & Dunlop from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Zacks Investment Research cut shares of Walker & Dunlop from a “hold” rating to a “sell” rating in a research report on Saturday, December 1st. Finally, JMP Securities raised their price target on shares of Walker & Dunlop from $60.00 to $65.00 and gave the company a “market outperform” rating in a research report on Thursday, February 21st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Walker & Dunlop has an average rating of “Buy” and a consensus target price of $64.40.
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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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