QUOTE AND NEWS
Benzinga  May 7  Comment 
Walker & Dunlop, Inc. (NYSE: WD) shares touched a new 52-week high of $23.75. On Wednesday, the company reported strong earnings for the first quarter. Torchmark Corporation (NYSE: TMK) shares gained 0.70 percent to reach a new 52-week high of...
Benzinga  May 6  Comment 
Walker & Dunlop, Inc. (NYSE: WD) shares gained 14.40 percent to touch a new 52-week high of $22.41 after the company reported strong earnings for the first quarter. The Western Union Company (NYSE: WU) shares reached a new 52-week high of...
Benzinga  May 6  Comment 
Shares of Walker & Dunlop, Inc. (NYSE: WD) jumped over 2 percent in pre-market trading after the company reported a strong rise in its earnings for the first quarter. The Bethesda, Maryland-based company posted quarterly net income of $21.3...
Wall Street Journal  Apr 28  Comment 
Engler Financial real-estate firm that specializes in selling apartment buildings in the Southeast, is about to go on a growth spurt in the wake of its acquisition this month by Walker & Dunlop.
Benzinga  Apr 21  Comment 
Walker & Dunlop (NYSE: WD) ("the Company") announced today that it has acquired a controlling interest in the investment sales platform of Engler Financial Group, LLC ("Engler"). Engler is an investment advisory and brokerage firm focused...
Benzinga  Feb 3  Comment 
Walker & Dunlop, Inc. (NYSE: WD) announced today it originated two loans totaling $6,900,000 for Fox Bay Cinema Grill and Oriental Theater in Milwaukee, Wisconsin. The loans were structured with 10-year terms and underwritten between 67.8% and...
TheStreet.com  Jan 8  Comment 
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.  TheStreet Ratings quantitative algorithm...




 
TOP CONTRIBUTORS

Walker & Dunlop (NYSE:WD) provides commercial real estate loans to developers and sells the loans to government sponsored mortgage enterprises (GSE) like Fannie Mae (FNMA) and Freddie Mac (FMCC). In 2009, Walker & Dunlop originated $2.2B in real estate loans and sold $1.9B to GSEs and the US Department of Housing and Urban Development. WD also sold approximately $343M to institutional investors. The company also acts purely as a loan broker for life insurance companies, commercial banks, and other private institutions. In these cases, the company only originates and services the loan but does not actually fund it. [1]

Walker & Dunlop serviced approximately $14.2B in commercial real estate loans in September 2010. These consisted of properties in 46 states and the District of Columbia. According to the Mortgage Bankers Association, the company is the 9th largest lender of commercial real estate loans and the 5th largest originator of multifamily commercial real estate loans for Freddie Mac (FMCC) in the US.[1] According to the Federal Reserve Flow of Funds Accounts, $28B to $40B of multifamily loans held by non-commercial investors is expected to mature between 2011 and 2014. This maturation will force real estate owners to either repay their loans or restructure them. Walker & Dunlop exects that the large incidence of maturation from the non-commercial investors plus the commercial investors will cause a significant rise in demand for new loans. This will i turn drive up the demand for loan origination for Walker & Dunlop.[2]

The company's initial public offering of stock on the NYSE occurred on December 14, 2010. The company offered 10M shares each for $10 each. This was below the original midpoint of $14-$16. The IPO raised a toal of $100M. The lead underwriters of the deal were Credit Suisse Group (CS), Keefe Bruyette Woods, and Morgan Stanley (MS).[3]

Walker & Dunlop's 2009 total revenue figure was $89M. This corresponds to an 82% increase over the 2008 figure of $49M. Net Income in 2009 was $40M, which was a 186% increase over the 2008 figure of $14M. Total revenue for the first 9 months of 2010 was reported to be $86M. This places the company on track to surpass its 2009 total revenue of $89M. [4]

References

  1. 1.0 1.1 WD S-1/A 2010 SUMMARY "Our Company" pg 1
  2. WD S-1/A 2010 SUMMARY "Industry and Market Opportunity" pg 2
  3. Renaissance Capital - IPO Home "Walker & Dunlop prices IPO at $10, below the range" 14 Dec 2010
  4. WD S-1/A 2010 SUMMARY "Our Company" pg 1
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki