Walker & Dunlop (WD) Rating Increased to Outperform at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of Walker & Dunlop (NYSE:WD) from a market perform rating to an outperform rating in a research report sent to investors on Friday morning, The Fly reports. The analysts noted that the move was a valuation call.

Other analysts have also recently issued research reports about the company. ValuEngine cut Walker & Dunlop from a strong-buy rating to a buy rating in a research report on Friday, December 1st. TheStreet cut Walker & Dunlop from a b- rating to a c+ rating in a research report on Monday, December 4th. Finally, Zacks Investment Research raised Walker & Dunlop from a sell rating to a hold rating in a research report on Wednesday, December 20th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $55.50.

Shares of Walker & Dunlop (NYSE WD) traded down $0.16 during trading on Friday, hitting $47.82. The stock had a trading volume of 310,300 shares, compared to its average volume of 220,840. The firm has a market capitalization of $1,500.00, a PE ratio of 10.35 and a beta of 1.37. 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 has a 1-year low of $29.93 and a 1-year high of $56.46.

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

In other news, Director Dana L. Schmaltz acquired 1,000 shares of Walker & Dunlop stock in a transaction that occurred on Friday, November 10th. The stock was purchased at an average price of $48.55 per share, with a total value of $48,550.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Stephen P. Theobald sold 18,128 shares of Walker & Dunlop stock in a transaction on Friday, November 10th. The shares were sold at an average price of $51.18, for a total value of $927,791.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 136,791 shares of company stock valued at $6,738,013. 11.70% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP boosted its position in Walker & Dunlop by 52.9% during the third quarter. GSA Capital Partners LLP now owns 52,746 shares of the financial services provider’s stock valued at $2,760,000 after purchasing an additional 18,242 shares during the last quarter. California Public Employees Retirement System boosted its position in Walker & Dunlop by 37.0% during the third quarter. California Public Employees Retirement System now owns 7,260 shares of the financial services provider’s stock valued at $380,000 after purchasing an additional 1,960 shares during the last quarter. Convergence Investment Partners LLC acquired a new stake in Walker & Dunlop during the third quarter valued at $1,428,000. OxFORD Asset Management LLP acquired a new stake in Walker & Dunlop during the third quarter valued at $770,000. Finally, KBC Group NV boosted its position in Walker & Dunlop by 138.2% during the third quarter. KBC Group NV now owns 52,989 shares of the financial services provider’s stock valued at $2,773,000 after purchasing an additional 30,748 shares during the last quarter. 77.47% of the stock is owned by hedge funds and other institutional investors.

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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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