Walker & Dunlop, Inc. (NYSE:WD) announced a quarterly dividend on Wednesday, October 31st, RTT News reports. Stockholders of record on Friday, November 16th will be paid a dividend of 0.25 per share by the financial services provider on Tuesday, December 4th. This represents a $1.00 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Thursday, November 15th.
Shares of NYSE:WD traded up $0.66 on Thursday, hitting $44.33. The company had a trading volume of 290,653 shares, compared to its average volume of 215,826. The company has a quick ratio of 8.48, a current ratio of 8.48 and a debt-to-equity ratio of 2.56. Walker & Dunlop has a 52-week low of $41.96 and a 52-week high of $61.44. The company has a market capitalization of $1.36 billion, a P/E ratio of 9.31 and a beta of 1.09.
Walker & Dunlop (NYSE:WD) last issued its quarterly earnings data on Wednesday, October 31st. The financial services provider reported $1.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.32 by ($0.15). Walker & Dunlop had a net margin of 29.89% and a return on equity of 18.23%. The company had revenue of $184.70 million during the quarter, compared to analysts’ expectations of $203.03 million. During the same quarter in the prior year, the company earned $1.06 earnings per share. The firm’s revenue was up 2.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Walker & Dunlop will post 4.95 earnings per share for the current year.
In related news, President Howard W. Smith III sold 25,000 shares of the stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $54.28, for a total transaction of $1,357,000.00. Following the transaction, the president now directly owns 606,408 shares in the company, valued at $32,915,826.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director E. John Rice, Jr. sold 4,644 shares of the stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $54.25, for a total value of $251,937.00. Following the transaction, the director now owns 22,579 shares in the company, valued at $1,224,910.75. The disclosure for this sale can be found here. Insiders have sold 77,281 shares of company stock worth $4,154,217 over the last quarter. 11.70% of the stock is currently owned by company insiders.
Several equities analysts recently weighed in on the company. Wedbush reiterated a “hold” rating and set a $58.00 target price on shares of Walker & Dunlop in a research report on Tuesday, September 25th. Compass Point reiterated a “buy” rating and set a $63.00 target price on shares of Walker & Dunlop in a research report on Wednesday, August 1st. ValuEngine downgraded Walker & Dunlop from a “hold” rating to a “sell” rating in a research report on Saturday, October 6th. Finally, JMP Securities reduced their target price on Walker & Dunlop from $65.00 to $60.00 and set a “market outperform” rating on the stock in a research report on Thursday, November 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $61.75.
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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 loans, second trust loans, supplemental financings, construction loans, mezzanine loans, and bridge/interim loans.
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