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. It also provides multifamily finance for manufactured housing communities, student housing, affordable housing, and senior housing properties under the Fannie Mae's DUS program; and construction and permanent loans to developers and owners of multifamily housing, affordable housing, senior housing, and healthcare facilities. In addition, the company acts as an intermediary in the placement of commercial real estate debt between institutional sources of capital, including life insurance companies, investment banks, commercial banks, pension funds, CMBS conduits, and other institutional investors, as well as owners of various types of commercial real estate. Further, it advises on capital structure; develops the financing package; facilitates negotiations between its client and institutional sources of capital; coordinates due diligence; and assists in closing the transaction. Additionally, the company offers property sales brokerage, underwriting and risk management, and servicing and asset management services. Walker & Dunlop, Inc. was founded in 1937 and is headquartered in Bethesda, Maryland.
Walker & Dunlop Price Performance
Shares of WD Stock traded up $2.48 during trading hours on Friday, hitting $114.38. The stock had a trading volume of 77,871 shares, compared to its average volume of 122,424. Walker & Dunlop has a one year low of $88.20 and a one year high of $156.77. The company has a debt-to-equity ratio of 1.11, a current ratio of 160.37 and a quick ratio of 160.37. The stock's 50-day moving average price is $101.81 and its two-hundred day moving average price is $117.41. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 13.68 and a beta of 1.21.
Walker & Dunlop (NYSE:WD - Get Rating) last issued its earnings results on Thursday, August 4th. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.14). Walker & Dunlop had a return on equity of 17.58% and a net margin of 19.48%. The firm had revenue of $340.85 million during the quarter, compared to the consensus estimate of $320.06 million. During the same period last year, the firm posted $1.73 earnings per share. The company's revenue for the quarter was up 21.1% compared to the same quarter last year. Equities analysts forecast that Walker & Dunlop will post 8.3 EPS for the current year.
Walker & Dunlop Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 2nd. Investors of record on Thursday, August 18th will be given a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $2.40 annualized dividend and a yield of 2.10%. Walker & Dunlop's dividend payout ratio is currently 28.71%.
Insider Buying and Selling
In related news, Director Dana L. Schmaltz purchased 1,000 shares of the company's stock in a transaction that occurred on Friday, June 17th. The stock was bought at an average price of $90.16 per share, for a total transaction of $90,160.00. Following the completion of the transaction, the director now owns 69,835 shares in the company, valued at approximately $6,296,323.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 8.05% of the stock is currently owned by company insiders.