Walker & Dunlop, Inc. (NYSE:WD) COO Sells $277,050.00 in Stock

Walker & Dunlop, Inc. (NYSE:WDGet Rating) COO Stephen P. Theobald sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $92.35, for a total transaction of $277,050.00. Following the transaction, the chief operating officer now directly owns 43,699 shares in the company, valued at $4,035,602.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Walker & Dunlop Stock Up 0.6 %

Shares of WD stock opened at $92.87 on Friday. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of 12.30 and a beta of 1.26. The company’s 50 day moving average is $83.73 and its 200 day moving average is $92.29. Walker & Dunlop, Inc. has a 52-week low of $75.33 and a 52-week high of $145.00.

Walker & Dunlop (NYSE:WDGet Rating) last issued its quarterly earnings data on Wednesday, November 9th. The financial services provider reported $1.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($0.60). The business had revenue of $315.61 million for the quarter, compared to analysts’ expectations of $344.86 million. Walker & Dunlop had a net margin of 18.11% and a return on equity of 15.23%. Analysts anticipate that Walker & Dunlop, Inc. will post 6.68 EPS for the current fiscal year.

Walker & Dunlop Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 9th. Shareholders of record on Friday, November 25th were paid a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, November 23rd. This represents a $2.40 annualized dividend and a yield of 2.58%. Walker & Dunlop’s dividend payout ratio (DPR) is 31.79%.

Institutional Investors Weigh In On Walker & Dunlop

Institutional investors have recently bought and sold shares of the company. FMR LLC lifted its stake in shares of Walker & Dunlop by 103.1% during the second quarter. FMR LLC now owns 2,134,515 shares of the financial services provider’s stock worth $205,640,000 after buying an additional 1,083,364 shares during the period. Balyasny Asset Management LLC lifted its stake in shares of Walker & Dunlop by 633.2% during the third quarter. Balyasny Asset Management LLC now owns 119,915 shares of the financial services provider’s stock worth $10,040,000 after buying an additional 103,560 shares during the period. State Street Corp lifted its stake in shares of Walker & Dunlop by 9.4% during the first quarter. State Street Corp now owns 1,150,508 shares of the financial services provider’s stock worth $148,899,000 after buying an additional 98,546 shares during the period. Vanguard Group Inc. lifted its stake in shares of Walker & Dunlop by 2.3% during the first quarter. Vanguard Group Inc. now owns 3,761,750 shares of the financial services provider’s stock worth $486,845,000 after buying an additional 85,505 shares during the period. Finally, M.D. Sass Investors Services Inc. lifted its stake in shares of Walker & Dunlop by 14.0% during the third quarter. M.D. Sass Investors Services Inc. now owns 372,905 shares of the financial services provider’s stock worth $31,224,000 after buying an additional 45,869 shares during the period. 77.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WD has been the topic of a number of research reports. StockNews.com lowered shares of Walker & Dunlop from a “hold” rating to a “sell” rating in a research report on Thursday, November 17th. JMP Securities cut their price objective on shares of Walker & Dunlop from $140.00 to $110.00 and set a “market outperform” rating on the stock in a report on Thursday, November 10th.

Walker & Dunlop Company Profile

(Get Rating)

Walker & Dunlop, Inc, through its subsidiaries, originates, sells, and services a range of multifamily and other commercial real estate financing products and services for owners and developers of real estate in the United States. The company offers first mortgage, second trust, supplemental, construction, mezzanine, preferred equity, small-balance, and bridge/interim loans.

Further Reading

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