Walker & Dunlop (WD) Stock Rating Lowered by ValuEngine
ValuEngine cut shares of Walker & Dunlop (NYSE:WD) from a strong-buy rating to a buy rating in a report issued on Tuesday morning.
Other equities analysts also recently issued research reports about the company. Keefe, Bruyette & Woods reiterated a buy rating on shares of Walker & Dunlop in a research note on Wednesday, February 7th. TheStreet cut shares of Walker & Dunlop from a b- rating to a c+ rating in a research report on Monday, December 4th. Finally, Zacks Investment Research raised shares of Walker & Dunlop from a sell rating to a hold rating in a research report on Wednesday, December 20th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $55.50.
Walker & Dunlop (NYSE WD) opened at $49.41 on Tuesday. The stock has a market capitalization of $1,488.27, a PE ratio of 7.54 and a beta of 0.99. The company has a debt-to-equity ratio of 1.35, a quick ratio of 12.88 and a current ratio of 9.41. Walker & Dunlop has a 12 month low of $39.38 and a 12 month high of $56.46.
Walker & Dunlop declared that its board has approved a stock buyback program on Wednesday, February 7th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 7th. Shareholders of record on Friday, February 23rd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $1.00 annualized dividend and a dividend yield of 2.02%. Walker & Dunlop’s dividend payout ratio is currently 15.27%.
In other Walker & Dunlop news, EVP Richard M. Lucas sold 20,000 shares of Walker & Dunlop stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $48.21, for a total transaction of $964,200.00. Following the transaction, the executive vice president now owns 163,068 shares of the company’s stock, valued at approximately $7,861,508.28. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO William M. Walker sold 18,350 shares of Walker & Dunlop stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $51.02, for a total transaction of $936,217.00. Following the transaction, the chief executive officer now directly owns 1,337,002 shares in the company, valued at approximately $68,213,842.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 213,812 shares of company stock worth $10,337,919. Insiders own 11.70% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC bought a new position in shares of Walker & Dunlop during the 3rd quarter worth approximately $123,000. Elkfork Partners LLC bought a new stake in shares of Walker & Dunlop in the 4th quarter worth approximately $196,000. Old Mutual Global Investors UK Ltd. bought a new stake in shares of Walker & Dunlop in the 3rd quarter worth approximately $238,000. Macquarie Group Ltd. bought a new stake in shares of Walker & Dunlop in the 3rd quarter worth approximately $251,000. Finally, ARP Americas LLC bought a new stake in shares of Walker & Dunlop in the 3rd quarter worth approximately $253,000. 77.56% 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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