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 report published on Friday, The Fly reports. The analysts noted that the move was a valuation call.

Other equities research analysts have also issued reports about the stock. ValuEngine lowered shares of Walker & Dunlop from a strong-buy rating to a buy rating in a research note on Friday, December 1st. Zacks Investment Research lowered shares of Walker & Dunlop from a hold rating to a strong sell rating in a research note on Thursday, October 19th. Finally, TheStreet lowered shares of Walker & Dunlop from a b- rating to a c+ rating in a research note on Monday, December 4th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of Buy and an average target price of $55.50.

Shares of Walker & Dunlop (NYSE:WD) opened at $47.98 on Friday. The firm has a market capitalization of $1,490.50, a PE ratio of 10.32 and a beta of 1.37. 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 has a 12-month low of $29.93 and a 12-month high of $56.46.

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

In related news, CEO William M. Walker sold 38,663 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 1,435,666 shares of the company’s stock, valued at approximately $68,538,694.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Dana L. Schmaltz purchased 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was bought at an average cost of $48.55 per share, for a total transaction of $48,550.00. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 136,791 shares of company stock worth $6,738,013. Corporate insiders own 11.70% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Pinebridge Investments L.P. lifted its stake in Walker & Dunlop by 1.6% in the 2nd quarter. Pinebridge Investments L.P. now owns 18,195 shares of the financial services provider’s stock valued at $889,000 after buying an additional 294 shares in the last quarter. LS Investment Advisors LLC lifted its stake in Walker & Dunlop by 29.0% in the 3rd quarter. LS Investment Advisors LLC now owns 4,084 shares of the financial services provider’s stock valued at $214,000 after buying an additional 919 shares in the last quarter. Meeder Asset Management Inc. lifted its stake in Walker & Dunlop by 38.8% in the 3rd quarter. Meeder Asset Management Inc. now owns 3,648 shares of the financial services provider’s stock valued at $191,000 after buying an additional 1,019 shares in the last quarter. Riverhead Capital Management LLC lifted its stake in Walker & Dunlop by 68.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,698 shares of the financial services provider’s stock valued at $132,000 after buying an additional 1,098 shares in the last quarter. Finally, Thrivent Financial For Lutherans lifted its stake in Walker & Dunlop by 7.6% in the 2nd quarter. Thrivent Financial For Lutherans now owns 16,910 shares of the financial services provider’s stock valued at $826,000 after buying an additional 1,200 shares in the last quarter. 77.47% of the stock is currently 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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