Walker & Dunlop (NYSE:WD) Stock

Walker & Dunlop

Walker & Dunlop Inc is a United States-based commercial real estate finance company. It is principally engaged in originating, selling, and servicing a number of multifamily and other commercial real estate financing products that are sold under the programs of Freddie Mac, Fannie Mae, Ginnie Mae, and the Federal Housing Administration. The company's products consist of first mortgage loans, second trust loans, supplemental financings, construction loans, mezzanine loans, and bridge/interim loans. The company generates a majority of total revenue from gains from mortgage banking activities and servicing fees. It conducts business solely in the United States.

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Wedbush downgrades Walker &amp; Dunlop to Neutral, citing concerns about rising interest rates and potential impact on transaction volumes.

What&#39;s Going On With Walker &amp; Dunlop Shares Today?

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Keefe, Bruyette &amp; Woods analyst Jade Rahmani maintains Walker &amp; Dunlop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WD#NYSE">WD</a>) with a Market Perform and lowers the price target from $120 to $105.

Keefe, Bruyette & Woods Maintains Market Perform on Walker & Dunlop, Lowers Price Target to $105

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Walker & Dunlop shares are trading lower. The company reported Q4 financial results.

The dividend will be paid on March 14, 2025, to all holders of record of the Company's restricted and unrestricted common stock as of February 28, 2025.

Dividends

Walker & Dunlop Boosts Dividend By 3% From $0.65 To $0.67 Per Share

General

Walker & Dunlop shares are trading higher following a Q4 earnings beat.

Buybacks

Walker & Dunlop Board Authorizes Repurchase Of Up To $75M Of Outstanding Common Stock Over Twelve-month Period

Walker &amp; Dunlop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WD#NYSE">WD</a>) reported quarterly earnings of $1.34 per share which beat the analyst consensus estimate of $1.22 by 9.84 percent. This is a 5.63 percent decrease over earnings of $1.42 per share from the same period last year. The company reported quarterly sales of $341.45 million which beat the analyst consensus estimate of $311.66 million by 9.56 percent. This is a 24.46 percent increase over sales of $274.34 million the same period last year.

Earnings

Earnings Beats

Walker & Dunlop Q4 2024 Adj EPS $1.34 Beats $1.22 Estimate, Sales $341.45M Beat $311.66M Estimate

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Earnings Scheduled For February 13, 2025

Walker & Dunlop Arranges $245M Loan From TYKO Capital To Facilitate Construction Of The Greyson Tower, New Jersey

Reported Earlier, Walker & Dunlop Completes $190M Sale And $157M Financing For Edgewater's The Hamilton

Reported Earlier, Walker & Dunlop Secures $113M Financing For Bay Area's Franklin 299 Multifamily Acquisition

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.walkerdunlop.com%2F&amp;esheet=54150924&amp;newsitemid=20241112083143&amp;lan=en-US&amp;anchor=Walker+%26amp%3B+Dunlop%2C+Inc.&amp;index=1&amp;md5=8474757b21f7062001206d0c2c2d0f9c">Walker &amp; Dunlop, Inc.</a> announced today that it facilitated the $113 million acquisition financing for Franklin 299, a Class-A multifamily community in one of the most explosive growth markets in the Bay area.
The Walker &amp; Dunlop Multifamily Finance team, led by <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.walkerdunlop.com%2Fabout%2Fpeople%2Fjeff-burns&amp;esheet=54150924&amp;newsitemid=20241112083143&amp;lan=en-US&amp;anchor=Jeff+Burns&amp;index=2&amp;md5=02ee5763f4a577670dda65fb0e4d25de">Jeff Burns</a>, <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.walkerdunlop.com%2Fabout%2Fpeople%2Fchris-botsford&amp;esheet=54150924&amp;newsitemid=20241112083143&amp;lan=en-US&amp;anchor=Chris+Botsford&amp;index=3&amp;md5=f16e48f1df9d4991b843f560522be758">Chris Botsford</a>, <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.walkerdunlop.com%2Fabout%2Fpeople%2Frene-alvarez&amp;esheet=54150924&amp;newsitemid=20241112083143&amp;lan=en-US&amp;anchor=Rene+Alvarez&amp;index=4&amp;md5=ad2dfb4f7de4be44b7a9c224501af7e1">Rene Alvarez</a>, <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.walkerdunlop.com%2Fabout%2Fpeople%2Fjeff-conahan&amp;esheet=54150924&amp;newsitemid=20241112083143&amp;lan=en-US&amp;anchor=Jeff+Conahan&amp;index=5&amp;md5=523b3f329cd3010f94463a94dd074d00">Jeff Conahan</a>, and Matt DeMarche, arranged the financing on behalf of longtime client Acacia Capital. Despite the highly competitive financing landscape, the team identified Fannie Mae as the lender willing to expedite the project with an aggressive offer. The entire process closed in an impressive 19 days with the application being signed on September 27, rate locked on September 30, and deal closing on October 16.

Walker & Dunlop Secures $113M Acquisition Financing For Class-A Property In Bay Area

Walker & Dunlop shares are trading lower after the company reported worse-than-expected Q3 revenue results.

Walker &amp; Dunlop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WD#NYSE">WD</a>) reported quarterly earnings of $1.19 per share which beat the analyst consensus estimate of $1.01 by 17.82 percent. This is a 7.21 percent increase over earnings of $1.11 per share from the same period last year. The company reported quarterly sales of $292.30 million which missed the analyst consensus estimate of $294.25 million by 0.66 percent. This is a 8.77 percent increase over sales of $268.74 million the same period last year.

Earnings Misses

Walker & Dunlop Q3 2024 Adj EPS $1.19 Beats $1.01 Estimate, Sales $292.30M Miss $294.25M Estimate

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.walkerdunlop.com%2F&amp;esheet=54147040&amp;newsitemid=20241104172634&amp;lan=en-US&amp;anchor=Walker+%26amp%3B+Dunlop%2C+Inc.&amp;index=1&amp;md5=8d30c32a3009b03207821d482e2cf43d">Walker &amp; Dunlop, Inc.</a> announced today that it facilitated a $110 million refinancing for an 18-property multifamily portfolio in New York City. Originally acquired in [2021] by a joint venture between Davean Holdings and Meadow Partners, the portfolio currently consists of 112 multifamily units and 29 commercial units located in some of the most desirable neighborhoods in the city including the East Village and Park Slope.

Financing

Walker & Dunlop Announces That It Facilitated A $110M Refinancing For An 18-property Multifamily Portfolio In New York City

Reported Earlier, Walker & Dunlop Announced That It Has Financed $137.29M For Luka On The Common, A 398-unit, 30-story Trophy Asset Located In The Heart Of Downtown Boston

Wedbush analyst Henry Coffey maintains Walker &amp; Dunlop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WD#NYSE">WD</a>) with a Neutral and raises the price target from $105 to $110.

Wedbush Maintains Neutral on Walker & Dunlop, Raises Price Target to $110

A significant insider transaction involving the exercise of company stock options was reported on August 27, by STEPHEN THEOBALD, EVP &amp; Chief Operating Officer at Walker &amp; Dunlop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WD#NYSE">WD</a>), as per the latest SEC filing.
What Happened: THEOBALD, EVP &amp; Chief Operating Officer at Walker &amp; Dunlop, made a strategic move by exercising stock options for 13,870 shares of WD as detailed in a Form 4 filing on Tuesday with the <a href="https://www.sec.gov/Archives/edgar/data/0001497770/000110465924093483//Archives/edgar/data/1497770/000110465924093483/0001104659-24-093483-index.htm">U.S. Securities and Exchange Commission</a>. The transaction value amounted to $1,177,701.
The Wednesday morning update indicates Walker &amp; Dunlop shares down by 1.03%, currently priced at $105.31. At this value, THEOBALD's 13,870 shares are worth $1,177,701.
<h3>Delving into Walker &amp; Dunlop's Background</h3>
Walker &amp; Dunlop Inc is a United States-based commercial real estate finance company. It is principally engaged in originating, selling, and servicing a number of multifamily and other commercial real estate financing products that are sold under the programs of Freddie Mac, Fannie Mae, Ginnie Mae, and the Federal Housing Administration. The company's products consist of first mortgage loans, second trust loans, supplemental financings, construction loans, mezzanine loans, and bridge/interim loans. The company generates a majority of total revenue from gains from mortgage banking activities and servicing fees. It conducts business solely in the United States.
<h3>Unraveling the Financial Story of Walker &amp; Dunlop</h3>
Revenue Growth: Walker &amp; Dunlop's revenue growth over a period of 3 months has faced challenges. As of 30 June, 2024, the company experienced a revenue decline of approximately -0.71%. This indicates a decrease in the company's top-line earnings. When compared to others in the Financials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Exploring Profitability:
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Gross Margin: The company shows a low gross margin of 44.24%, indicating concerns regarding cost management and overall profitability relative to its industry counterparts.
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Earnings per Share (EPS): Walker &amp; Dunlop's EPS is below the industry average, signaling challenges in bottom-line performance with a current EPS of 0.67.
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Debt Management: Walker &amp; Dunlop's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.93.
Valuation Metrics: A Closer Look
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Price to Earnings (P/E) Ratio: The current Price to Earnings ratio of 41.08 is higher than the industry average, indicating the stock is priced at a premium level according to the market sentiment.
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Price to Sales (P/S) Ratio: The current P/S ratio of 3.37 is above industry norms, reflecting an elevated valuation for Walker &amp; Dunlop's stock and potential overvaluation based on sales performance.
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EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): At 14.85, Walker &amp; Dunlop's EV/EBITDA ratio reflects a below-par valuation compared to industry averages signalling undervaluation
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Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
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<h3>Navigating the Impact of Insider Transactions on Investments</h3>
Insider transactions contribute to decision-making but should be supplemented by a comprehensive investment analysis.
When discussing legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
A new purchase by a company insider is a indication that they anticipate the stock will rise.
On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Transaction Codes Worth Your Attention</h3>
Examining transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often concentrate on those unfolding in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001497770">Check Out The Full List Of Walker &amp; Dunlop's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Insider Decision: STEPHEN THEOBALD Exercises Options At Walker & Dunlop For $1.18M

Walker & Dunlop Facilitated $128M In Financing For The Acquisition Of Nine Manhattan Properties, All Located Within A Two-block Stretch Of Manhattan's Vibrant East Village Neighborhood

Wedbush analyst Jay McCanless maintains Walker &amp; Dunlop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WD#NYSE">WD</a>) with a Neutral and raises the price target from $95 to $105.

Wedbush Maintains Neutral on Walker & Dunlop, Raises Price Target to $105

Walker &amp; Dunlop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WD#NYSE">WD</a>) reported quarterly earnings of $1.23 per share which beat the analyst consensus estimate of $0.79 by 55.7 percent. The company reported quarterly sales of $270.68 million which missed the analyst consensus estimate of $274.50 million by 1.39 percent. This is a 0.71 percent decrease over sales of $272.62 million the same period last year.

Walker & Dunlop Q2 2024 Adj EPS $1.23 Beats $0.79 Estimate, Sales $270.68M Miss $274.50M Estimate

Press Releases

Walker & Dunlop Arranges 2nd Largest Sale in San Diego in 2024

Walker & Dunlop Survey Highlights Sentiment Around Affordable Housing Policies, Funding and Supply

Walker & Dunlop Arranges $190 Million Sale and $157 Million Financing for Coveted Edgewater Community in Miami

Walker & Dunlop Finances $245 Million for Jersey City Development

Harbor Group International, The Garrett Companies and Telis Group Form Joint Venture to Recapitalize 11-Asset Multifamily Portfolio

Dream Finders Homes Closes Acquisition Forming New Partnership with Liberty Communities in Atlanta

Matthew Wiener and Preyaa Strzalkowski Join Walker & Dunlop's Affordable Team

Walker & Dunlop Announces Fourth Quarter and Full-Year 2024 Earnings Conference Call Details

Walker & Dunlop Expands Internationally With Addition of London-Based Team

Walker & Dunlop Reports Fourth Quarter 2024 Financial Results

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