Walker & Dunlop, Inc. (WD) Declares $0.25 Quarterly Dividend

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 given 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 2.14%. The ex-dividend date of this dividend is Thursday, November 15th.

NYSE WD opened at $46.69 on Friday. The company has a market cap of $1.52 billion, a PE ratio of 9.97 and a beta of 1.09. Walker & Dunlop has a 52 week low of $41.96 and a 52 week high of $61.44. 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 (NYSE:WD) last released its quarterly earnings data on Wednesday, October 31st. The financial services provider reported $1.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.32 by ($0.15). The firm had revenue of $184.70 million for the quarter, compared to the consensus estimate of $203.03 million. Walker & Dunlop had a net margin of 29.89% and a return on equity of 18.23%. The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.06 EPS. On average, equities analysts anticipate that Walker & Dunlop will post 4.95 earnings per share for the current fiscal year.

In other Walker & Dunlop news, Director E. John Rice, Jr. sold 4,644 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $1,224,910.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, President Howard W. Smith III sold 25,000 shares of the business’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of $52.87, for a total value of $1,321,750.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 77,281 shares of company stock worth $4,154,217. 11.70% of the stock is owned by insiders.

Several brokerages recently issued reports on WD. Compass Point reaffirmed a “buy” rating and set a $63.00 target price on shares of Walker & Dunlop in a research report on Wednesday, August 1st. Wedbush reaffirmed a “hold” rating and set a $58.00 target price on shares of Walker & Dunlop in a research report on Tuesday, September 25th. ValuEngine cut Walker & Dunlop from a “hold” rating to a “sell” rating in a research report on Saturday, October 6th. Finally, JMP Securities cut 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 research 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’s stock. The company currently has an average rating of “Buy” and a consensus price target of $61.75.

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Walker & Dunlop Company Profile

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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