Walker & Dunlop (WD) Stock Rating Upgraded by ValuEngine

Walker & Dunlop (NYSE:WD) was upgraded by stock analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a note issued to investors on Thursday.

WD has been the subject of a number of other reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Walker & Dunlop in a report on Wednesday. TheStreet cut Walker & Dunlop from a “b-” rating to a “c+” rating in a report on Monday, December 4th. Finally, Zacks Investment Research cut Walker & Dunlop from a “hold” rating to a “strong sell” rating in a report on Thursday, October 19th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $55.50.

Walker & Dunlop (NYSE:WD) traded up $0.29 during mid-day trading on Thursday, reaching $48.10. The company had a trading volume of 319,136 shares, compared to its average volume of 208,371. Walker & Dunlop has a 12-month low of $36.96 and a 12-month high of $56.46. The firm has a market cap of $1,494.23, a PE ratio of 7.34 and a beta of 1.08. The company has a debt-to-equity ratio of 1.35, a current ratio of 5.26 and a quick ratio of 12.88.

Walker & Dunlop (NYSE:WD) last released its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $1.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.26. Walker & Dunlop had a return on equity of 21.33% and a net margin of 29.66%. The firm had revenue of $207.20 million during the quarter, compared to analysts’ expectations of $181.14 million. During the same period last year, the firm posted $1.16 EPS. The business’s revenue was up 16.1% on a year-over-year basis. equities research analysts forecast that Walker & Dunlop will post 4.32 earnings per share for the current year.

Walker & Dunlop declared that its Board of Directors has approved a share buyback plan on Wednesday, February 7th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

In other Walker & Dunlop news, CEO William M. Walker sold 38,663 shares of the stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $47.74, for a total value of $1,845,771.62. Following the transaction, the chief executive officer now directly owns 1,435,666 shares in the company, valued at approximately $68,538,694.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Howard W. Smith III sold 25,000 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $50.01, for a total value of $1,250,250.00. Following the completion of the transaction, the president now owns 828,176 shares in the company, valued at $41,417,081.76. The disclosure for this sale can be found here. Insiders sold a total of 218,190 shares of company stock worth $10,519,272 over the last quarter. Corporate insiders own 11.70% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC bought a new position in shares of Walker & Dunlop in the 3rd quarter worth $123,000. Flinton Capital Management LLC boosted its position in shares of Walker & Dunlop by 69.4% in the 2nd quarter. Flinton Capital Management LLC now owns 3,570 shares of the financial services provider’s stock worth $174,000 after purchasing an additional 1,462 shares during the last quarter. Meeder Asset Management Inc. boosted its position in shares of Walker & Dunlop by 38.8% in the 3rd quarter. Meeder Asset Management Inc. now owns 3,648 shares of the financial services provider’s stock worth $191,000 after purchasing an additional 1,019 shares during the last quarter. Advisor Group Inc. boosted its position in shares of Walker & Dunlop by 108.9% in the 2nd quarter. Advisor Group Inc. now owns 3,912 shares of the financial services provider’s stock worth $191,000 after purchasing an additional 2,039 shares during the last quarter. Finally, LS Investment Advisors LLC boosted its position in shares of Walker & Dunlop by 29.0% in the 3rd quarter. LS Investment Advisors LLC now owns 4,084 shares of the financial services provider’s stock worth $214,000 after purchasing an additional 919 shares during the last quarter. Hedge funds and other institutional investors own 77.70% of the company’s stock.

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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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