Walker & Dunlop, Inc. (WD) - NYSE
  • 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
  • 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
  • Nov. 4, 2015, 9:59 AM
    • Q3 net income of $20.3M or $0.66 per share vs. $15.1M and $0.47 one year ago. Adjusted EBITDA of $31M up 50% Y/Y.
    • Total transaction volume for the quarter rises 58% to $4.9B, an all-time high.
    • Loan origination volume of $4.1B up 32% Y/Y. Investment sales volume of $824.7M in its first full quarter on the company platform.
    • Servicing portfolio of $47.8B up 16% Y/Y. Servicing fees of $29.3M up 17%.
    • Previously: Walker & Dunlop beats by $0.20, beats on revenue (Nov. 4)
    • WD +4.85%
    | Nov. 4, 2015, 9:59 AM
  • Sep. 21, 2015, 12:17 PM
    • Since the Q2 earnings call at which it guided for Fannie Mae loan originations of $600M-$800M and Freddie Mac of $1B-$1.2B, loan volumes have increased significantly, and the company now sees Fannie Mae volume of $1.1B-$1.3B and Freddie Mac to come in at the high end of earlier $1B-$1.2B range.
    • WD +3.4%
    | Sep. 21, 2015, 12:17 PM
  • Aug. 5, 2015, 8:22 AM
    • Q2 net income of $20.2M or $0.67 per share vs. $12.9M and $0.40 one year ago. Adjusted EBITDA of $28.9M vs. $20.9M.
    • Loan origination volume of $3.5B up 45% Y/Y, and includes a 44% increase in lending with the GSEs.
    • Mortgage banking gain of $70M up 34%. Servicing fees of $28.1M up 17% (portfolio of $47.7B up 20%). Net warehouse interest income of $6.6M up 70%. Other revenues of $8.1M up 100% (fees from investment sales and prepayment fees).
    • Total expenses of $81.3M up 26% Y/Y, with personnel expense of $46M up 35%; as a percent of revenue unchanged at 40%.
    • Conference call at 8:30 ET
    • Previously: Walker & Dunlop beats by $0.15, beats on revenue (Aug. 5)
    • WD +5.4% premarket in very thin trade.
    | Aug. 5, 2015, 8:22 AM
  • Jul. 16, 2015, 10:23 AM
    • Walker & Dunlop (WD -1.8%) takes a breather from its big run as Compass Point downgrades from Buy to Neutral, though it boosts the price target to $30 from $28.
    • The commercial real estate financier has been in high cotton of late, and its stock is about a double from one year ago.
    | Jul. 16, 2015, 10:23 AM
  • May 6, 2015, 12:45 PM
    | May 6, 2015, 12:45 PM
  • May 6, 2015, 7:49 AM
    • Q1 net income of $21.3M or $0.66 per share vs. $7.1M and $0.21 one year ago. Adjusted EBITDA of $35.4M up from $19.8M.
    • Loan origination volume of $4.3B up 175%.
    • "The wave has hit," says CEO Willy Walker, noting the company has been ramping up acquisitions of businesses and talent in anticipation of a commercial refinancing wave over the next few years.
    • Servicing portfolio of $46.1B up 18% Y/Y. Servicing fees of $26.8M up 15%.
    • Conference call at 8:30
    • Previously: Walker & Dunlop beats by $0.32, beats on revenue (May 6)
    • WD +7.2% premarket
    | May 6, 2015, 7:49 AM
  • Apr. 23, 2015, 10:46 PM
    • Dunkin' Brands (NASDAQ:DNKN) will replace Riverbed Technology (set to be acquired) in the S&P MidCap 400 after Monday's close. Walker & Dunlop (NYSE:WD) will replace Entropic Communications (also set to be acquired) in the S&P SmallCap 600 after the April 30 close.
    • Dunkin' rose to $52.71 in AH trading, after rising 7.9% in regular trading in response to its Q1 beat and guidance hike. Walker & Dunlop rose to $19.34.
    | Apr. 23, 2015, 10:46 PM
  • Mar. 17, 2015, 8:52 AM
    • The price is undisclosed, but Fortress Investment Group unloaded the rest of its stake in Walker & Dunlop (NYSE:WD) with a 8.25M share secondary offering and 3M shares sold directly to WD.
    • The stock's lower by 1.6% premarket to $16.41.
    • Previously: Walker & Dunlop -2% as Fortress Investment sells rest of stake (March 16)
    | Mar. 17, 2015, 8:52 AM
  • Mar. 16, 2015, 4:23 PM
    • Walker & Dunlop (NYSE:WD) announces a secondary offering of 8.25M shares held by funds managed by affiliates of Fortress Investment Group (NYSE:FIG). WD will not receive any proceeds from the sale.
    • Fortress is selling another 3M shares to be purchased directly by Walker & Dunlop at the same price as the secondary offering price.
    • At the completion of these deals, Fortress will no longer hold any stock in WD.
    • Shares -2% after hours
    | Mar. 16, 2015, 4:23 PM | 1 Comment
  • Nov. 20, 2014, 11:19 AM
    • Walker & Dunlop (WD -7.2%) priced a public offering a 2M shares for Fortress Investment at $15.50 each. The underwriter greenshoe is for another 300K shares at that price.
    • Today's decline brings the stock to $15.15.
    | Nov. 20, 2014, 11:19 AM
  • Nov. 20, 2014, 9:15 AM
    | Nov. 20, 2014, 9:15 AM | 1 Comment
  • Aug. 6, 2014, 10:39 AM
    • Adjusted net income of $12.9M or $0.40 per share vs. $15.3M and $0.44 one year ago. Adjusted EBITDA of $20.9M vs. $14M.
    • Loan originations of $2.4B in Q2 off 7% Y/Y, but CEL Willy Walker notes the commercial loan refinancing market is down 23% and the GSEs' origination volume YTD is down 48%. Loan originations with Frannie up 12% and comprise 65% of all action in Q2.
    • Total revenue of $85.3M of 6% Y/Y, with a 17% decline in mortgage banking gains, partially offset by a big boost in net interest income from loans on the balance sheet. Servicing fees of $24M made up 28% of total revenue.
    • Gains from mortgage banking of $52.2 down from $63.1M a year ago. Loan origination fees of $29.5M down 15%. Gains from MSRs or $22.8M down 20%.
    • WD -2.1% 
    • Previously: Walker & Dunlop misses by $0.03, misses on revenue
    | Aug. 6, 2014, 10:39 AM
  • Mar. 17, 2014, 11:29 AM
    • Walker & Dunlop (WD +7.2%) late Friday agreed to repurchase all 2.45M shares of its common stock held by Column Guarantee (an affiliate of Credit Suisse) for a negotiated price of $14.50 each. The stock closed Friday at $15.45. Today's gain brings it to $16.65.
    • The total float on the stock is 34M shares.
    | Mar. 17, 2014, 11:29 AM
  • Oct. 1, 2013, 12:47 PM
    | Oct. 1, 2013, 12:47 PM
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