Walker & Dunlop (WD) Upgraded to “Hold” by Zacks Investment Research

Zacks Investment Research upgraded shares of Walker & Dunlop (NYSE:WD) from a sell rating to a hold rating in a report released on Wednesday morning.

According to Zacks, “Walker & Dunlop, LLC is engaged in providing commercial real estate financial services in the United States, with a primary focus on multifamily lending. The Company also offers service loans for life insurance companies, commercial banks and other institutional investors as a loan broker. The Multifamily and FHA Finance groups of Walker & Dunlop are focused on lending to property owners, investors, and developers of multifamily properties across the country. The Capital Markets and Investment Services groups provide a broad range of advisory, financing, investment consulting and related services. Walker & Dunlop’s Healthcare Finance group provides debt financing for healthcare properties. The Company’s Principle Investments include origination, underwriting, execution and management of commercial real estate opportunities across property types and geographies within the continental United States. Walker & Dunlop, LLC is based in Bethesda, Maryland. “

Several other brokerages have also recently weighed in on WD. Keefe, Bruyette & Woods reiterated a hold rating and set a $49.00 price target on shares of Walker & Dunlop in a research report on Thursday, October 12th. ValuEngine cut Walker & Dunlop from a strong-buy rating to a buy rating in a research report on Friday, December 1st. Finally, TheStreet cut Walker & Dunlop from a b- rating to a c+ rating in a research report on Monday, December 4th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Walker & Dunlop has an average rating of Hold and an average target price of $52.00.

Walker & Dunlop (WD) traded down $0.45 during midday trading on Wednesday, reaching $46.41. 122,000 shares of the company’s stock traded hands, compared to its average volume of 227,780. The stock has a market capitalization of $1,455.68, a P/E ratio of 10.08 and a beta of 1.37. Walker & Dunlop has a 1-year low of $29.93 and a 1-year high of $56.46. The company has a debt-to-equity ratio of 4.84, a quick ratio of 12.88 and a current ratio of 12.88.

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

In related news, Director Dana L. Schmaltz acquired 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were bought at an average cost of $48.55 per share, for a total transaction of $48,550.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Stephen P. Theobald sold 18,128 shares of the company’s stock in a transaction that occurred on 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. Over the last quarter, insiders have sold 136,791 shares of company stock worth $6,738,013. Company insiders own 11.70% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Walker & Dunlop by 11.0% in the second quarter. Vanguard Group Inc. now owns 3,783,928 shares of the financial services provider’s stock worth $184,769,000 after purchasing an additional 374,119 shares during the last quarter. State Street Corp boosted its stake in Walker & Dunlop by 5.4% in the second quarter. State Street Corp now owns 680,099 shares of the financial services provider’s stock worth $33,209,000 after buying an additional 34,910 shares in the last quarter. Teachers Advisors LLC boosted its stake in Walker & Dunlop by 13.3% in the second quarter. Teachers Advisors LLC now owns 515,171 shares of the financial services provider’s stock worth $25,156,000 after buying an additional 60,675 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Walker & Dunlop by 4.8% in the third quarter. Bank of New York Mellon Corp now owns 394,596 shares of the financial services provider’s stock worth $20,649,000 after buying an additional 17,963 shares in the last quarter. Finally, Prudential Financial Inc. boosted its stake in Walker & Dunlop by 1.3% in the third quarter. Prudential Financial Inc. now owns 369,256 shares of the financial services provider’s stock worth $19,323,000 after buying an additional 4,820 shares in the last quarter. Institutional investors own 77.47% of the company’s stock.

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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.

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