Walker & Dunlop, Inc. (WD) - NYSE
  • Wed, Jun. 29, 7:54 AM
    • The company has secured $672M in financing for the previously announced acquisition of University Housing Communities Group by a JV of The Scion Group, GIC, and Canada Pension Plan Investment Board.
    • Walker & Dunlop (NYSE:WD) arranged the financing through Fannie Mae's Credit Facility execution.
    | Wed, Jun. 29, 7:54 AM
  • Tue, Jun. 21, 8:04 AM
    • The company has completed the purchase of a $3.8B commercial mortgage servicing portfolio from a subsidiary of Oppenheimer Holdings for $44.6M.
    • The portfolio is made up of 480 loans insured by HUD, with a weighted average servicing fee of 17 basis points.
    • WD: "With the addition of this portfolio, the Company will immediately begin interacting with our new customers in the process of servicing their loans and meeting their future financing needs."
    | Tue, Jun. 21, 8:04 AM
  • Mon, Jun. 20, 2:57 PM
    • U.S. commercial real estate prices could fall as much as 5% in the next year thanks to tightened regulations, a wave of debt maturities, and property sales from publicly-traded REITs, says Pimco.
    • The shakeout will be a welcome one for those with capital ready to put to work, say portfolio managers John Murray and Anthony Clarke in their report titled, "U.S. Real Estate: A Storm Is Brewing."
    • Commercial real estate prices coming off of a big post-crisis boom have declined 3% in the past three months, according to Moody's and Real Capital Analytics, and real estate deals in NYC are forecast to decline up to 30% this year, according to Cushman & Wakefield.
    • Interested parties include: Walker & Dunlop (NYSE:WD), HFF (NYSE:HF), iStar (NYSE:STAR), Ladder Capital (NYSE:LADR), Resource Capital (NYSE:RSO)
    | Mon, Jun. 20, 2:57 PM | 11 Comments
  • Tue, Jun. 14, 9:43 AM
    • Walker & Dunlop (WD) has hired a couple of experienced rainmakers to join its Phoenix office.
    • Prior to joining WD, Jim Pierson and Keaton Merrell were co-founders and principals of Legacy Capital Advisors, and have provided debt placement of more than $4B combined through their careers.
    • Source: Press Release
    | Tue, Jun. 14, 9:43 AM
  • Fri, Jun. 10, 7:17 AM
    • The company has hired a South Florida team to join its Capital Markets group. The three SVPs and their support-staff will be based out of Miami, WD's newest office.
    • The company's goal is to grow its sales force by 25% year year-end, and hiring well-seasoned teams is a big part of that strategy. This particular group has closed in excess of $13B in deals.
    • Source: Press Release
    | Fri, Jun. 10, 7:17 AM
  • Tue, Jun. 7, 7:35 AM
    • The portfolio is made up of more than 480 multifamily and healthcare loans insured by HUD. The seller for $45M is Oppenheimer Multifamily Housing & Healthcare Finance.
    • After the closing (expected June 20), Walker & Dunlop (NYSE:WD) will be the largest HUD Multifamily/Healthcare servicers in the U.S.
    • Source: Press Release
    | Tue, Jun. 7, 7:35 AM
  • Wed, May 25, 4:32 PM
    • After a slow Q1 (the slowest since Q4 of 2012), commercial property prices grew 0.9% in Q1 for the value-weighted U.S. Composite Index, according to CoStar Group.
    • Transaction volume has become more volatile though, with composite pair volume of $33.4B through the end of April, down 92.% from a year ago.
    • Other measures are showing strength, with the average time on the market down 19.7% Y/Y, and the sale-price-to-asking-price ratio narrowing by 2.9 percentage points to 94.3% - the highest this ratio has been since August 2006. The share of properties withdrawn from the market by discouraged sellers fell 8.8 percentage points to 30.9%.
    • Interested parties: Walker & Dunlop (NYSE:WD), HFF (NYSE:HF), iStar (NYSE:STAR), Ladder Capital (NYSE:LADR)
    | Wed, May 25, 4:32 PM
  • Thu, May 5, 9:58 AM
    • A weak commercial property market took a bite out of Walker & Dunlop's (NYSE:WD) Q1 results reported yesterday morning.
    • The stock tumbled big-time out of the gates, but managed to recover much of that opening loss by the end of the session. It's higher by another 5.4% in early action today after JMP Securities upgrades to Outperform from Market Perform. The $25 price target is 15% upside from yesterday's close.
    • Prior to yesterday's weak earnings result, WD had already dipped 24% YTD. We seem to recall learning something in school about markets being discounting mechanisms.
    | Thu, May 5, 9:58 AM
  • Wed, May 4, 8:11 AM
    • Q1 net income of $15.5M or $0.50 per share vs. $21.3M and $0.66 one year ago. Revenues of $94.2M fell 16%. Adjusted EBITDA of $32.4M down 8%.
    • Total transaction volume of $2.6B down 40% Y/Y.
    • Gains from mortgage banking activities of $46.3M fell 36% Y/Y thanks to lower origination volume.
    • Servicing fees of $31.6M up 18% Y/Y as the servicing portfolio grew to $51B from $46.1B.
    • Net warehouse interest income of $6.7M down 55% Y/Y.
    • Expenses of $70.1M down 9%, thanks to a 15% drop in personnel costs. As a percent of total revenue, comp cost of 36% was flat Y/Y.
    • 275K shares bought back during quarter for $6.5M.
    • Conference call at 8:30 ET
    • Previously: Walker & Dunlop misses by $0.12, misses on revenue (May 4)
    • WD flat premarket
    | Wed, May 4, 8:11 AM
  • Wed, May 4, 6:02 AM
    • Walker & Dunlop (NYSE:WD): Q1 EPS of $0.50 misses by $0.12.
    • Revenue of $94.2M (-16.0% Y/Y) misses by $20.4M.
    • Press Release
    | Wed, May 4, 6:02 AM
  • Tue, May 3, 5:30 PM
  • Tue, Feb. 16, 10:32 AM
    • The near-30% decline this year on CMBS concern is unwarranted, says analyst Cheryl Pate, upgrading to Overweight with $31 price target (50% upside).
    • CMBS, she says, comprises just 1% of company volume, and the company is poised for strong EPS growth thanks to its strong GSE share (roughly 11-12% last year) in its core multifamily business, diversification (services), and a $75M buyback.
    • WD +3.7% to $21.15.
    | Tue, Feb. 16, 10:32 AM
  • Wed, Feb. 10, 8:10 AM
    • Q4 net income of $20.4M or $0.67 per share up 26% from a year ago. Full-year net income of $82.1M or $2.65 per share up 60% from 2014.
    • Q4 total transaction volume of $4.7B up 10% Y/Y; full-year volume of $17.8B up 56%.
    • The company sets the buyback of up to $75M of its formerly high-flying shares (down about one-third in the last 3 months). At yesterday's close of $21.64, it would be enough to repurchase nearly 12% of the float.
    • Conference call at 8:30 ET
    • Previously: Walker & Dunlop beats by $0.03, misses on revenue (Feb. 10)
    • WD flat premarket
    | Wed, Feb. 10, 8:10 AM
  • Wed, Feb. 10, 6:05 AM
    • Walker & Dunlop (NYSE:WD): Q4 EPS of $0.67 beats by $0.03.
    • Revenue of $121.37M (+7.8% Y/Y) misses by $7.06M.
    • Press Release
    | Wed, Feb. 10, 6:05 AM
  • Tue, Feb. 9, 5:30 PM
  • Mon, Jan. 11, 8:15 AM
    • Walker & Dunlop Commercial Property Funding (WDCPF) is a joint venture between WD and a Fortress Investment fund. Bob Restrick - who heads WDCPF - will join Walker & Dunlop after the buyout.
    • WDCPF began operations in mid-2014, and has closed $337M in CMBS deals that have contributed to four securitizations.
    • Terms were not disclosed and the deal is subject to customary closing conditions.
    | Mon, Jan. 11, 8:15 AM
Company Description
Walker & Dunlop, Inc. through its subsidiary, Walker & Dunlop LLC provides commercial real estate financial services in the United States, with a primary focus on multifamily lending. The company originates, sells, and services a range of multifamily and other commercial real estate finance... More
Sector: Financial
Industry: Property Management
Country: United States