Walker & Dunlop, Inc. (WD) To Go Ex-Dividend on November 22nd

Walker & Dunlop, Inc. (NYSE:WD) declared a quarterly dividend on Wednesday, November 6th,RTT News reports. Shareholders of record on Friday, November 22nd will be paid a dividend of 0.65 per share by the financial services provider on Friday, December 6th. This represents a $2.60 annualized dividend and a dividend yield of 2.34%. The ex-dividend date is Friday, November 22nd.

Walker & Dunlop has raised its dividend payment by an average of 20.5% per year over the last three years. Walker & Dunlop has a dividend payout ratio of 52.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Walker & Dunlop to earn $5.44 per share next year, which means the company should continue to be able to cover its $2.60 annual dividend with an expected future payout ratio of 47.8%.

Walker & Dunlop Stock Performance

Shares of WD opened at $110.99 on Friday. Walker & Dunlop has a fifty-two week low of $68.88 and a fifty-two week high of $118.19. The company has a market capitalization of $3.75 billion, a price-to-earnings ratio of 42.85 and a beta of 1.55. The firm has a 50-day simple moving average of $110.18 and a 200-day simple moving average of $102.83.

Walker & Dunlop (NYSE:WD) last announced its earnings results on Thursday, August 8th. The financial services provider reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.07. Walker & Dunlop had a net margin of 8.41% and a return on equity of 9.65%. The business had revenue of $270.70 million during the quarter, compared to the consensus estimate of $274.50 million. During the same quarter in the prior year, the firm earned $0.98 earnings per share. The business’s quarterly revenue was down .7% compared to the same quarter last year. Equities research analysts forecast that Walker & Dunlop will post 5.32 EPS for the current year.

Insider Activity

In other news, COO Stephen P. Theobald sold 13,870 shares of Walker & Dunlop stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $106.10, for a total transaction of $1,471,607.00. Following the completion of the sale, the chief operating officer now directly owns 53,869 shares in the company, valued at approximately $5,715,500.90. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.47% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Wolfe Research upgraded shares of Walker & Dunlop to a “strong-buy” rating in a research report on Tuesday, September 24th. Wedbush raised their price objective on shares of Walker & Dunlop from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Keefe, Bruyette & Woods raised their price objective on shares of Walker & Dunlop from $105.00 to $112.00 and gave the company a “market perform” rating in a research report on Thursday, July 25th. Finally, StockNews.com upgraded shares of Walker & Dunlop from a “sell” rating to a “hold” rating in a research report on Sunday, August 11th.

About Walker & Dunlop

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. It operates through three segments: Capital Markets, Servicing & Asset Management, and Corporate.