BTIG Research started coverage on shares of Walker & Dunlop (NYSE:WD) in a research report sent to investors on Wednesday morning, MarketBeat reports. The brokerage issued a buy rating and a $70.00 price objective on the financial services provider’s stock.
A number of other research analysts have also recently commented on the stock. JMP Securities boosted their target price on shares of Walker & Dunlop from $60.00 to $65.00 and gave the stock a market outperform rating in a research report on Thursday, February 21st. ValuEngine raised shares of Walker & Dunlop from a sell rating to a hold rating in a research report on Wednesday, January 2nd. Finally, Zacks Investment Research raised shares of Walker & Dunlop from a sell rating to a hold rating in a research report on Tuesday, January 1st. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $64.40.
NYSE WD opened at $52.52 on Wednesday. Walker & Dunlop has a 52 week low of $37.96 and a 52 week high of $61.44. The company has a debt-to-equity ratio of 1.61, a quick ratio of 4.08 and a current ratio of 6.51. The firm has a market cap of $1.59 billion, a PE ratio of 10.42 and a beta of 0.95.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Tuesday, February 26th were issued a $0.30 dividend. The ex-dividend date of this dividend was Monday, February 25th. This is a boost from Walker & Dunlop’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a yield of 2.28%. Walker & Dunlop’s dividend payout ratio is currently 23.81%.
In related news, President Howard W. Smith III sold 37,996 shares of the company’s stock in a transaction on Friday, January 18th. The shares were sold at an average price of $50.06, for a total value of $1,902,079.76. Following the sale, the president now directly owns 154,913 shares of the company’s stock, valued at $7,754,944.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Richard M. Lucas sold 3,879 shares of the company’s stock in a transaction on Wednesday, January 16th. The shares were sold at an average price of $48.02, for a total transaction of $186,269.58. Following the completion of the sale, the executive vice president now directly owns 109,991 shares in the company, valued at $5,281,767.82. The disclosure for this sale can be found here. Insiders sold 148,687 shares of company stock worth $7,639,049 over the last ninety days. 11.23% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. American Century Companies Inc. increased its stake in Walker & Dunlop by 417.5% during the fourth quarter. American Century Companies Inc. now owns 160,698 shares of the financial services provider’s stock valued at $6,950,000 after purchasing an additional 129,643 shares during the last quarter. Geode Capital Management LLC increased its stake in Walker & Dunlop by 6.2% during the fourth quarter. Geode Capital Management LLC now owns 438,915 shares of the financial services provider’s stock valued at $18,982,000 after purchasing an additional 25,524 shares during the last quarter. Norges Bank bought a new stake in Walker & Dunlop during the fourth quarter valued at $19,215,000. Nordea Investment Management AB increased its stake in Walker & Dunlop by 0.9% during the fourth quarter. Nordea Investment Management AB now owns 45,400 shares of the financial services provider’s stock valued at $1,963,000 after purchasing an additional 400 shares during the last quarter. Finally, APG Asset Management N.V. increased its stake in Walker & Dunlop by 15.6% during the fourth quarter. APG Asset Management N.V. now owns 584,500 shares of the financial services provider’s stock valued at $22,114,000 after purchasing an additional 78,700 shares during the last quarter. 76.38% of the stock is currently owned by hedge funds and other institutional investors.
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, second trust, supplemental, construction, mezzanine, preferred equity, small-balance, and bridge/interim loans.
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