|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||98.20 - 102.91|
|52 Week Range||24.55 - 106.45|
|Beta (5Y Monthly)||1.27|
|PE Ratio (TTM)||12.87|
|Earnings Date||May 04, 2021 - May 10, 2021|
|Forward Dividend & Yield||2.00 (1.95%)|
|Ex-Dividend Date||Feb 19, 2021|
|1y Target Est||95.50|
Walker & Dunlop, Inc. announced today that it structured $21,900,000 in financing for the acquisition and substantial renovation of an existing 42-unit affordable housing property with an additional four new construction units. The property, Ritch Homes Apartments, is located in Washington, D.C., one of the most high-cost markets in the country. All of the property's units were previously subject to a Section 8 HAP contract that was at risk of expiring and threatened this project's affordability. Together, with the United States Department of Housing and Urban Development (HUD), the D.C. Housing Finance Agency (DHCFA), and Walker & Dunlop, the sponsor, Standard Communities, was able to extend the HAP contract as well as preserve and rehabilitate 46 units of affordable housing for the long term.
Walker & Dunlop (NYSE: WD) crushed it in 2020. Despite the hardships posed by COVID-19, the actions taken by the Federal Reserve in response to the coronavirus pandemic rippled across the economy in ways that benefited the commercial real estate financing specialist. This inspired a record number of mortgage originations; back in November, analytics firm Black Knight forecast that in 2020, the value of mortgage originations was likely to break $4 trillion for the first time ever.
Readers hoping to buy Walker & Dunlop, Inc. ( NYSE:WD ) for its dividend will need to make their move shortly, as the...