Walker & Dunlop (WD) Stock Is Up, What You Need To Know

Published 2 months ago Positive
Walker & Dunlop (WD) Stock Is Up, What You Need To Know
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What Happened?

Shares of commercial real estate finance company Walker & Dunlop (NYSE:WD) jumped 4.9% in the afternoon session after it announced the arrangement of a $160 million loan for a master-planned community in California's Coachella Valley. The loan, which includes a re-advance component bringing total proceeds to $187 million, is for the first phase of construction on the 'Cotino, a Storyliving by Disney Community.' This significant financing deal follows a recently reported strong second quarter where the company surpassed analyst expectations. Walker & Dunlop's Q2 results featured a 65% year-over-year increase in total transaction volume and an 18% rise in revenue, reflecting robust activity and positive investor sentiment. The company also affirmed a dividend of $0.67 per share, reinforcing its confidence in its financial stability and growth prospects.

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What Is The Market Telling Us

Walker & Dunlop’s shares are somewhat volatile and have had 10 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

Walker & Dunlop is down 12.7% since the beginning of the year, and at $83.32 per share, it is trading 28.4% below its 52-week high of $116.31 from October 2024. Investors who bought $1,000 worth of Walker & Dunlop’s shares 5 years ago would now be looking at an investment worth $1,423.

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