(WD) Walker & Dunlop - Overview
Stock: Multifamily Loans, Commercial Debt, Asset Management
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 3.59% |
| Yield on Cost 5y | 3.14% |
| Yield CAGR 5y | 7.59% |
| Payout Consistency | 100.0% |
| Payout Ratio | 83.2% |
| Risk 5d forecast | |
|---|---|
| Volatility | 36.3% |
| Relative Tail Risk | -11.6% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.99 |
| Alpha | -44.35 |
| Character TTM | |
|---|---|
| Beta | 0.912 |
| Beta Downside | 0.946 |
| Drawdowns 3y | |
|---|---|
| Max DD | 47.34% |
| CAGR/Max DD | -0.20 |
Description: WD Walker & Dunlop January 12, 2026
Walker & Dunlop, Inc. (NYSE: WD) originates, sells, and services a broad suite of financing products for multifamily and other commercial real-estate assets across the United States, operating through three segments: Capital Markets, Servicing & Asset Management, and Corporate.
The firm’s product set includes first-mortgage, second-trust, construction, mezzanine, preferred-equity, and small-balance loans, plus specialized financing for multifamily, manufactured-housing, student-housing, affordable-housing, senior-housing, and healthcare properties under Fannie Mae’s DUS program. It also acts as a debt broker for institutional lenders, provides property-sale brokerage, appraisal, valuation, and investment-banking services, and manages third-party capital in LIHTC-focused tax-credit equity funds.
Recent data (Q4 2023) show a loan portfolio of roughly $13.5 billion with a net interest margin of 2.1 %, while multifamily vacancy rates have stabilized near 5 % nationally-supporting demand for both acquisition and construction financing. The Capital Markets segment is especially sensitive to Fed policy because a 100-basis-point rise in rates typically compresses loan-origination volume by 3-5 % in this sector. For a deeper quantitative view, you may want to explore the ValueRay platform’s proprietary metrics on WD’s loan-to-value trends.
Piotroski VR‑10 (Strict, 0-10) 3.0
| Net Income: 115.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.16 > 0.02 and ΔFCF/TA -14.61 > 1.0 |
| NWC/Revenue: -190.6% < 20% (prev -3.13%; Δ -187.5% < -1%) |
| CFO/TA -0.16 > 3% & CFO -936.9m > Net Income 115.0m |
| Net Debt (2.73b) to EBITDA (394.7m): 6.92 < 3 |
| Current Ratio: 0.22 > 1.5 & < 3 |
| Outstanding Shares: last quarter (33.4m) vs 12m ago 0.58% < -2% |
| Gross Margin: 53.62% > 18% (prev 0.45%; Δ 5317 % > 0.5%) |
| Asset Turnover: 23.82% > 50% (prev 23.27%; Δ 0.55% > 0%) |
| Interest Coverage Ratio: 2.82 > 6 (EBITDA TTM 394.7m / Interest Expense TTM 53.1m) |
Altman Z'' -1.38
| A: -0.41 (Total Current Assets 649.1m - Total Current Liabilities 3.01b) / Total Assets 5.80b |
| B: 0.23 (Retained Earnings 1.32b / Total Assets 5.80b) |
| C: 0.03 (EBIT TTM 150.0m / Avg Total Assets 5.19b) |
| D: 0.33 (Book Value of Equity 1.32b / Total Liabilities 4.02b) |
| Altman-Z'' Score: -1.38 = CCC |
Beneish M -3.22
| DSRI: 0.24 (Receivables 374.3m/1.33b, Revenue 1.24b/1.07b) |
| GMI: 0.84 (GM 53.62% / 44.78%) |
| AQI: 1.47 (AQ_t 0.87 / AQ_t-1 0.59) |
| SGI: 1.16 (Revenue 1.24b / 1.07b) |
| TATA: 0.18 (NI 115.0m - CFO -936.9m) / TA 5.80b) |
| Beneish M-Score: -3.22 (Cap -4..+1) = AA |
What is the price of WD shares?
Over the past week, the price has changed by -2.72%, over one month by +5.24%, over three months by -20.54% and over the past year by -31.57%.
Is WD a buy, sell or hold?
- StrongBuy: 1
- Buy: 0
- Hold: 4
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the WD price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 83.3 | 32.6% |
| Analysts Target Price | 83.3 | 32.6% |
| ValueRay Target Price | 61.7 | -1.8% |
WD Fundamental Data Overview February 01, 2026
P/E Forward = 10.989
P/S = 1.847
P/B = 1.2468
P/EG = 1.25
Revenue TTM = 1.24b USD
EBIT TTM = 150.0m USD
EBITDA TTM = 394.7m USD
Long Term Debt = 3.01b USD (from longTermDebt, last quarter)
Short Term Debt = 3.01b USD (from shortTermDebt, last quarter)
Debt = 3.01b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.73b USD (from netDebt column, last quarter)
Enterprise Value = 4.87b USD (2.14b + Debt 3.01b - CCE 274.8m)
Interest Coverage Ratio = 2.82 (Ebit TTM 150.0m / Interest Expense TTM 53.1m)
EV/FCF = -5.13x (Enterprise Value 4.87b / FCF TTM -949.3m)
FCF Yield = -19.48% (FCF TTM -949.3m / Enterprise Value 4.87b)
FCF Margin = -76.82% (FCF TTM -949.3m / Revenue TTM 1.24b)
Net Margin = 9.31% (Net Income TTM 115.0m / Revenue TTM 1.24b)
Gross Margin = 53.62% ((Revenue TTM 1.24b - Cost of Revenue TTM 573.1m) / Revenue TTM)
Gross Margin QoQ = 42.59% (prev 44.04%)
Tobins Q-Ratio = 0.84 (Enterprise Value 4.87b / Total Assets 5.80b)
Interest Expense / Debt = 0.07% (Interest Expense 2.04m / Debt 3.01b)
Taxrate = 27.25% (12.5m / 45.9m)
NOPAT = 109.1m (EBIT 150.0m * (1 - 27.25%))
Current Ratio = 0.22 (Total Current Assets 649.1m / Total Current Liabilities 3.01b)
Debt / Equity = 1.70 (Debt 3.01b / totalStockholderEquity, last quarter 1.77b)
Debt / EBITDA = 6.92 (Net Debt 2.73b / EBITDA 394.7m)
Debt / FCF = -2.88 (negative FCF - burning cash) (Net Debt 2.73b / FCF TTM -949.3m)
Total Stockholder Equity = 1.75b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.22% (Net Income 115.0m / Total Assets 5.80b)
RoE = 6.58% (Net Income TTM 115.0m / Total Stockholder Equity 1.75b)
RoCE = 3.16% (EBIT 150.0m / Capital Employed (Equity 1.75b + L.T.Debt 3.01b))
RoIC = 2.85% (NOPAT 109.1m / Invested Capital 3.82b)
WACC = 3.89% (E(2.14b)/V(5.15b) * Re(9.28%) + D(3.01b)/V(5.15b) * Rd(0.07%) * (1-Tc(0.27)))
Discount Rate = 9.28% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 0.0 | Cagr: 0.0%
Fair Price DCF = unknown (Cash Flow -949.3m)
EPS Correlation: -53.18 | EPS CAGR: -54.87% | SUE: -4.0 | # QB: 0
Revenue Correlation: -25.36 | Revenue CAGR: -4.87% | SUE: 0.79 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.88 | Chg30d=+0.017 | Revisions Net=-1 | Analysts=3
EPS next Year (2026-12-31): EPS=5.01 | Chg30d=-0.129 | Revisions Net=+1 | Growth EPS=+19.1% | Growth Revenue=+10.2%