Walker & Dunlop (NYSE:WD) Issues Earnings Results, Misses Estimates By $0.18 EPS

Walker & Dunlop (NYSE:WD) released its 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 net margin of 8.91% and a return on equity of 9.81%.

Walker & Dunlop Price Performance

Shares of WD opened at $86.33 on Friday. The firm has a 50-day moving average of $96.73 and a 200-day moving average of $104.29. Walker & Dunlop has a one year low of $84.63 and a one year high of $118.19. The company has a market cap of $2.92 billion, a PE ratio of 30.83 and a beta of 1.55.

Walker & Dunlop Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from Walker & Dunlop’s previous quarterly dividend of $0.65. Walker & Dunlop’s dividend payout ratio (DPR) is 92.86%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods decreased their target price on shares of Walker & Dunlop from $120.00 to $105.00 and set a “market perform” rating for the company in a research report on Friday.

Walker & Dunlop Company Profile

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.