(WD) Walker & Dunlop - Ratings and Ratios
Multifamily Loans, Commercial Financing, Debt Brokerage, Asset Management
Dividends
| Dividend Yield | 4.26% |
| Yield on Cost 5y | 3.70% |
| Yield CAGR 5y | 15.92% |
| Payout Consistency | 100.0% |
| Payout Ratio | 58.8% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 34.6% |
| Value at Risk 5%th | 50.9% |
| Relative Tail Risk | -10.47% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -1.33 |
| Alpha | -53.74 |
| CAGR/Max DD | -0.12 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.494 |
| Beta | 0.965 |
| Beta Downside | 0.953 |
| Drawdowns 3y | |
|---|---|
| Max DD | 45.66% |
| Mean DD | 19.06% |
| Median DD | 17.47% |
Description: WD Walker & Dunlop November 09, 2025
Walker & Dunlop, Inc. (NYSE: WD) originates, sells, and services multifamily and other commercial-real-estate loans across three operating segments-Capital Markets, Servicing & Asset Management, and Corporate. Its product suite includes first-mortgage, second-trust, construction, mezzanine, preferred-equity, and small-balance loans, with a strong focus on Fannie Mae’s DUS-backed financing for multifamily, manufactured, student, affordable, and senior-housing assets.
Beyond lending, the firm acts as a debt broker for institutional lenders, provides multifamily brokerage and appraisal services, and runs investment-banking and advisory functions that include housing-market research. It also manages third-party capital in LIHTC-focused tax-credit equity funds and other CRE-related vehicles. Founded in 1937, the company is headquartered in Bethesda, Maryland.
Recent metrics (Q3 2023) show loan originations of roughly $3.9 billion and a net interest margin of 2.3 %, reflecting the firm’s ability to capture spread in a tightening rate environment. The multifamily sector remains a key driver, with vacancy rates under 5 % nationwide and rent growth averaging 4-5 % YoY, supporting continued demand for WD’s financing solutions.
For a deeper quantitative view of WD’s valuation and scenario analysis, the ValueRay platform offers a free dashboard worth checking.
Piotroski VR‑10 (Strict, 0-10) 3.0
| Net Income (115.0m TTM) > 0 and > 6% of Revenue (6% = 74.1m TTM) |
| FCFTA -0.16 (>2.0%) and ΔFCFTA -14.61pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -190.6% (prev -3.13%; Δ -187.5pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA -0.16 (>3.0%) and CFO -936.9m <= Net Income 115.0m (YES >=105%, WARN >=100%) |
| Net Debt (2.73b) to EBITDA (394.7m) ratio: 6.92 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.22 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (33.4m) change vs 12m ago 0.58% (target <= -2.0% for YES) |
| Gross Margin 53.62% (prev 44.78%; Δ 8.84pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 23.82% (prev 23.27%; Δ 0.55pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 2.82 (EBITDA TTM 394.7m / Interest Expense TTM 53.1m) >= 6 (WARN >= 3) |
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 (Balance) 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 |
| Total Rating: -1.38 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 29.21
| 1. Piotroski 3.0pt |
| 2. FCF Yield -19.64% |
| 3. FCF Margin -76.82% |
| 4. Debt/Equity 1.70 |
| 5. Debt/Ebitda 6.92 |
| 6. ROIC - WACC (= -1.11)% |
| 7. RoE 6.58% |
| 8. Rev. Trend -25.36% |
| 9. EPS Trend -44.88% |
What is the price of WD shares?
Over the past week, the price has changed by -2.33%, over one month by -4.04%, over three months by -26.26% and over the past year by -39.12%.
Is WD a buy, sell or hold?
- Strong Buy: 1
- Buy: 0
- Hold: 4
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the WD price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 92.3 | 46.8% |
| Analysts Target Price | 92.3 | 46.8% |
| ValueRay Target Price | 62.6 | -0.5% |
WD Fundamental Data Overview November 25, 2025
P/E Trailing = 18.3205
P/E Forward = 10.989
P/S = 1.8132
P/B = 1.1912
P/EG = 1.25
Beta = 1.555
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 = 4.83b USD (2.10b + Debt 3.01b - CCE 274.8m)
Interest Coverage Ratio = 2.82 (Ebit TTM 150.0m / Interest Expense TTM 53.1m)
FCF Yield = -19.64% (FCF TTM -949.3m / Enterprise Value 4.83b)
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 = 0.83 (Enterprise Value 4.83b / 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 = 1.98% (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 = 3.97% (E(2.10b)/V(5.11b) * Re(9.57%) + D(3.01b)/V(5.11b) * Rd(0.07%) * (1-Tc(0.27)))
Discount Rate = 9.57% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.69%
Fair Price DCF = unknown (Cash Flow -949.3m)
EPS Correlation: -44.88 | EPS CAGR: -16.69% | SUE: 1.02 | # QB: 3
Revenue Correlation: -25.36 | Revenue CAGR: -4.87% | SUE: 0.79 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.92 | Chg30d=+0.195 | Revisions Net=-1 | Analysts=2
EPS next Year (2026-12-31): EPS=5.12 | Chg30d=-0.327 | Revisions Net=+0 | Growth EPS=+24.9% | Growth Revenue=+7.5%
Additional Sources for WD Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle