ValuEngine Downgrades Walker & Dunlop (WD) to Buy

Walker & Dunlop (NYSE:WD) was downgraded by equities researchers at ValuEngine from a “strong-buy” rating to a “buy” rating in a report released on Friday.

Other equities analysts also recently issued research reports about the stock. Keefe, Bruyette & Woods reissued a “hold” rating and set a $49.00 price target on shares of Walker & Dunlop in a report on Thursday, October 12th. JMP Securities raised shares of Walker & Dunlop from a “market perform” rating to an “outperform” rating and set a $55.00 price objective for the company in a report on Thursday, August 3rd. Finally, Zacks Investment Research downgraded shares of Walker & Dunlop from a “hold” rating to a “strong sell” rating in a report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $52.00.

Shares of Walker & Dunlop (NYSE WD) traded down $0.30 on Friday, hitting $48.98. 168,767 shares of the stock traded hands, compared to its average volume of 230,362. Walker & Dunlop has a 52 week low of $28.81 and a 52 week high of $56.46. The firm has a market capitalization of $1,515.95, a P/E ratio of 10.49 and a beta of 1.44. The company has a current ratio of 12.88, a quick ratio of 12.88 and a debt-to-equity ratio of 4.84.

Walker & Dunlop (NYSE:WD) last announced its quarterly earnings results on Wednesday, November 8th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.09. Walker & Dunlop had a net margin of 21.81% and a return on equity of 22.35%. The company had revenue of $179.70 million during the quarter, compared to the consensus estimate of $166.38 million. During the same quarter in the previous year, the company posted $0.96 earnings per share. The company’s revenue for the quarter was up 16.1% compared to the same quarter last year. equities analysts expect that Walker & Dunlop will post 4.49 EPS for the current fiscal year.

In related news, EVP Richard C. Warner sold 35,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $50.00, for a total value of $1,750,000.00. Following the completion of the sale, the executive vice president now owns 76,785 shares of the company’s stock, valued at $3,839,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Stephen P. Theobald sold 18,128 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $51.18, for a total transaction of $927,791.04. The disclosure for this sale can be found here. Insiders sold 78,128 shares of company stock valued at $3,928,041 in the last ninety days. Corporate insiders own 11.70% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new stake in Walker & Dunlop in the 3rd quarter valued at about $123,000. Meeder Asset Management Inc. lifted its holdings in Walker & Dunlop by 226.2% in the 2nd quarter. Meeder Asset Management Inc. now owns 2,629 shares of the financial services provider’s stock valued at $128,000 after acquiring an additional 1,823 shares during the last quarter. Riverhead Capital Management LLC lifted its holdings in Walker & Dunlop by 68.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,698 shares of the financial services provider’s stock valued at $132,000 after acquiring an additional 1,098 shares during the last quarter. Cypress Capital Management LLC WY lifted its holdings in Walker & Dunlop by 72.8% in the 2nd quarter. Cypress Capital Management LLC WY now owns 2,730 shares of the financial services provider’s stock valued at $133,000 after acquiring an additional 1,150 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in Walker & Dunlop by 2.0% in the 1st quarter. State of Alaska Department of Revenue now owns 3,060 shares of the financial services provider’s stock valued at $127,000 after acquiring an additional 60 shares during the last quarter. 77.62% of the stock is owned by institutional investors and hedge funds.

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About Walker & Dunlop

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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