Walker & Dunlop, Inc. (NYSE:WD) – Research analysts at Wedbush boosted their Q1 2019 earnings per share (EPS) estimates for Walker & Dunlop in a report issued on Monday, February 11th. Wedbush analyst H. Coffey now anticipates that the financial services provider will post earnings per share of $1.05 for the quarter, up from their previous estimate of $0.99. Wedbush has a “Outperform” rating and a $58.00 price objective on the stock. Wedbush also issued estimates for Walker & Dunlop’s Q2 2019 earnings at $1.26 EPS, Q3 2019 earnings at $1.53 EPS, Q4 2019 earnings at $1.56 EPS, FY2019 earnings at $5.40 EPS and FY2020 earnings at $5.95 EPS.
Walker & Dunlop (NYSE:WD) last announced its quarterly earnings data on Wednesday, February 6th. The financial services provider reported $1.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.34 by $0.10. Walker & Dunlop had a return on equity of 18.33% and a net margin of 22.24%. The company had revenue of $214.93 million for the quarter, compared to the consensus estimate of $204.20 million. During the same quarter in the prior year, the company posted $1.26 EPS. Walker & Dunlop’s quarterly revenue was up 3.7% on a year-over-year basis.
Shares of WD stock opened at $52.41 on Wednesday. Walker & Dunlop has a twelve month low of $37.96 and a twelve month high of $61.44. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 10.40 and a beta of 0.99. The company has a debt-to-equity ratio of 1.61, a current ratio of 4.08 and a quick ratio of 8.48.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 7th. Investors of record on Tuesday, February 26th will be paid a dividend of $0.30 per share. This is a boost from Walker & Dunlop’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date is Monday, February 25th. Walker & Dunlop’s dividend payout ratio is 19.84%.
In related news, President Howard W. Smith III sold 62,004 shares of the company’s stock in a transaction dated Wednesday, February 6th. The stock was sold at an average price of $50.58, for a total transaction of $3,136,162.32. Following the transaction, the president now directly owns 103,806 shares of the company’s stock, valued at approximately $5,250,507.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Dana L. Schmaltz bought 1,000 shares of Walker & Dunlop stock in a transaction that occurred on Friday, December 14th. The shares were acquired at an average cost of $42.20 per share, for a total transaction of $42,200.00. Following the completion of the transaction, the director now directly owns 51,773 shares in the company, valued at $2,184,820.60. The disclosure for this purchase can be found here. Insiders have sold a total of 103,879 shares of company stock valued at $5,224,512 over the last 90 days. 11.23% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio acquired a new position in shares of Walker & Dunlop in the second quarter valued at about $129,000. Russell Investments Group Ltd. acquired a new position in shares of Walker & Dunlop in the third quarter valued at about $181,000. Magnus Financial Group LLC acquired a new position in shares of Walker & Dunlop in the fourth quarter valued at about $211,000. Jefferies Group LLC acquired a new position in shares of Walker & Dunlop in the third quarter valued at about $213,000. Finally, Ontario Teachers Pension Plan Board acquired a new position in shares of Walker & Dunlop in the third quarter valued at about $269,000. 80.44% of the stock is currently owned by institutional investors.
About Walker & Dunlop
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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