Walker & Dunlop (WD) Upgraded to “Strong-Buy” at ValuEngine

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

WD has been the subject of several other reports. Keefe, Bruyette & Woods restated a “buy” rating on shares of Walker & Dunlop in a research report on Wednesday. TheStreet downgraded shares of Walker & Dunlop from a “b-” rating to a “c+” rating in a research report on Monday, December 4th. Finally, Zacks Investment Research downgraded shares of Walker & Dunlop from a “hold” rating to a “strong sell” rating in a research 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 assigned a strong buy rating to the stock. Walker & Dunlop presently has an average rating of “Buy” and an average target price of $55.50.

Shares of Walker & Dunlop (NYSE:WD) opened at $48.10 on Thursday. The company has a current ratio of 5.26, a quick ratio of 12.88 and a debt-to-equity ratio of 1.35. The stock has a market cap of $1,520.00, a P/E ratio of 7.33 and a beta of 1.08. Walker & Dunlop has a 1 year low of $36.96 and a 1 year high of $56.46.

Walker & Dunlop (NYSE:WD) last issued its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.26. The firm had revenue of $207.20 million during the quarter, compared to the consensus estimate of $181.14 million. Walker & Dunlop had a net margin of 29.66% and a return on equity of 21.33%. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period last year, the business posted $1.16 earnings per share. sell-side analysts anticipate that Walker & Dunlop will post 4.32 EPS for the current fiscal year.

Walker & Dunlop announced that its board has authorized a share repurchase plan on Wednesday, February 7th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

In other news, CEO William M. Walker sold 38,663 shares of Walker & Dunlop stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $47.74, for a total value of $1,845,771.62. Following the completion of the sale, the chief executive officer now directly owns 1,435,666 shares in the company, valued at $68,538,694.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO William M. Walker sold 54,574 shares of Walker & Dunlop stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $48.04, for a total transaction of $2,621,734.96. Following the completion of the sale, the chief executive officer now owns 1,377,213 shares of the company’s stock, valued at $66,161,312.52. The disclosure for this sale can be found here. Over the last quarter, insiders sold 218,190 shares of company stock valued at $10,519,272. 11.70% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WD. Boston Partners raised its position in shares of Walker & Dunlop by 44.9% in the fourth quarter. Boston Partners now owns 1,527,675 shares of the financial services provider’s stock valued at $72,564,000 after buying an additional 473,629 shares in the last quarter. Vanguard Group Inc. raised 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 valued at $184,769,000 after buying an additional 374,119 shares in the last quarter. APG Asset Management N.V. raised its position in shares of Walker & Dunlop by 235.2% in the fourth quarter. APG Asset Management N.V. now owns 169,600 shares of the financial services provider’s stock valued at $6,709,000 after buying an additional 119,000 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Walker & Dunlop by 23.8% in the fourth quarter. Victory Capital Management Inc. now owns 600,562 shares of the financial services provider’s stock valued at $28,526,000 after buying an additional 115,416 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Walker & Dunlop in the third quarter valued at approximately $2,972,000. Institutional investors own 77.70% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece of content was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of international trademark & copyright laws. The original version of this piece of content can be accessed at https://www.com-unik.info/2018/02/10/walker-dunlop-wd-upgraded-to-strong-buy-at-valuengine.html.

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.

Receive News & Ratings for Walker & Dunlop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walker & Dunlop and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit