Walker & Dunlop (NYSE:WD - Get Free Report) released its quarterly earnings results on Thursday. The financial services provider reported $1.34 earnings per share for the quarter, missing analysts' consensus estimates of $1.52 by ($0.18), Zacks reports. Walker & Dunlop had a return on equity of 9.81% and a net margin of 8.91%. The business had revenue of $341.45 million during the quarter, compared to analyst estimates of $316.82 million.
Walker & Dunlop Stock Up 0.2 %
Shares of NYSE WD traded up $0.17 during midday trading on Monday, hitting $86.33. The stock had a trading volume of 255,576 shares, compared to its average volume of 168,814. Walker & Dunlop has a 1 year low of $84.63 and a 1 year high of $118.19. The company has a market capitalization of $2.92 billion, a PE ratio of 30.83 and a beta of 1.55. The stock has a 50 day simple moving average of $96.28 and a 200-day simple moving average of $104.11.
Walker & Dunlop Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.67 per share. The ex-dividend date is Friday, February 28th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.10%. This is a boost from Walker & Dunlop's previous quarterly dividend of $0.65. Walker & Dunlop's dividend payout ratio is presently 84.01%.
Wall Street Analysts Forecast Growth
Separately, Keefe, Bruyette & Woods reduced their target price on Walker & Dunlop from $120.00 to $105.00 and set a "market perform" rating for the company in a research note on Friday.
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About Walker & Dunlop
(
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Walker & Dunlop, Inc is a holding company, which engages in the provision of commercial real estate and finance services. It operates through the following segments: Capital Markets, Servicing and Asset Management, and Corporate. The Capital Markets segment offers a comprehensive range of commercial real estate finance products to customers.
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