Walker & Dunlop Inc. (WD) CEO Sells $80,984.40 in Stock
Walker & Dunlop Inc. (NYSE:WD) CEO William M. Walker sold 3,110 shares of the firm’s stock in a transaction on Wednesday, October 5th. The stock was sold at an average price of $26.04, for a total value of $80,984.40. Following the completion of the sale, the chief executive officer now directly owns 1,447,468 shares of the company’s stock, valued at $37,692,066.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Walker & Dunlop Inc. (NYSE:WD) opened at 24.65 on Friday. Walker & Dunlop Inc. has a 12-month low of $19.50 and a 12-month high of $33.17. The stock has a 50 day moving average price of $25.89 and a 200-day moving average price of $24.40. The company has a market capitalization of $759.49 million, a price-to-earnings ratio of 8.56 and a beta of 1.05.
Walker & Dunlop (NYSE:WD) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.36. The business had revenue of $147.90 million for the quarter, compared to analysts’ expectations of $114.53 million. Walker & Dunlop had a return on equity of 17.60% and a net margin of 18.20%. The firm’s quarterly revenue was up 29.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.67 EPS. Equities analysts predict that Walker & Dunlop Inc. will post $2.90 EPS for the current fiscal year.
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WD has been the subject of a number of recent research reports. Zacks Investment Research downgraded Walker & Dunlop from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Wedbush initiated coverage on Walker & Dunlop in a research report on Wednesday. They issued a “neutral” rating and a $26.75 target price for the company. JMP Securities raised their target price on Walker & Dunlop from $27.00 to $30.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 4th. Finally, Keefe, Bruyette & Woods raised their target price on Walker & Dunlop from $23.00 to $26.00 and gave the stock a “market perform” rating in a research report on Thursday, August 4th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $29.15.
A number of institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its position in Walker & Dunlop by 0.4% in the second quarter. Victory Capital Management Inc. now owns 36,370 shares of the company’s stock valued at $829,000 after buying an additional 135 shares during the period. Arizona State Retirement System boosted its position in Walker & Dunlop by 1.4% in the second quarter. Arizona State Retirement System now owns 14,069 shares of the company’s stock valued at $320,000 after buying an additional 200 shares during the period. Rhumbline Advisers boosted its position in Walker & Dunlop by 0.9% in the second quarter. Rhumbline Advisers now owns 38,528 shares of the company’s stock valued at $878,000 after buying an additional 327 shares during the period. Thrivent Financial for Lutherans boosted its position in Walker & Dunlop by 3.9% in the second quarter. Thrivent Financial for Lutherans now owns 13,080 shares of the company’s stock valued at $298,000 after buying an additional 490 shares during the period. Finally, Metropolitan Life Insurance Co. NY boosted its position in Walker & Dunlop by 2.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 19,219 shares of the company’s stock valued at $466,000 after buying an additional 515 shares during the period. 78.04% of the stock is currently owned by institutional investors and hedge funds.
Walker & Dunlop Company Profile
Walker & Dunlop, Inc is a holding company, which conducts all of its operations through Walker & Dunlop, LLC. The Company is a provider of commercial real estate financial services in the United States, with a primary focus on multifamily lending. It 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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