Walker & Dunlop Inc . Shares (NYSE: ) touched a 52-week low of $87.02, signaling a period of bearish momentum in the stock market for the company. This latest price level reflects a significant decline from previous valuations, underscoring a challenging year for the real estate finance company. Over the past year, shares of Walker & Dunlop have seen a downward trajectory, with one-year change showing a fall of 10.4%. This performance suggests investor caution, likely due to market conditions or company-specific factors that have affected the stock's movement over this 52-week period.
In other recent news, Walker & Dunlop reported strong Q3 2024 results, showing strong growth. The company saw a significant increase in transaction volume, a 36% year-over-year increase to $11.6 billion, and a 33% increase in diluted earnings per share (EPS) to $0.85. Real estate sales also rose 44% to $3.6 billion, with government-sponsored enterprise (GSE) lending activity ending at $3.5 billion.
Walker & Dunlop also announced that it was HUD's second largest multifamily lender in 2024, with HUD loan volumes growing more than 200%. Despite a $3 million provision for loan losses, the company's risk portfolio remains strong at $61 billion. A quarterly dividend of $0.65 per share was approved and the company ended the third quarter with $180 million in cash.
In terms of future expectations, Walker & Dunlop is targeting full-year growth in diluted EPS, adjusted EBITDA and adjusted core earnings per share in the mid-to-young range. The company expects a decrease in net interest income due to the decrease in the federal funds rate. However, with the high cost of home ownership, multi-family properties are expected to continue to be in high demand. The company's services portfolio is $134 billion and generates stable recurring revenue. This is a recent development that has been reported.
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