Walker & Dunlop, Inc. Buyback
OLI recorded this information on 3/16/2015
Company:
Walker & Dunlop, Inc.
Buyback:
WD buyback
Share Amount Authorized:
3000000
Buyback Details:
In addition, the Company announced that it will repurchase from the Underwriter 3,000,000 shares being sold by the Fortress funds concurrently with, and subject to, the closing of the offering. The Company's per-share price will be the same as the per-share price payable by the Underwriter to the Fortress funds. The repurchased shares will no longer be outstanding following the completion of the offering. The Company expects to fund the share repurchase with cash on hand.
Walker & Dunlop is a holding company and conducts the majority of its operations through Walker & Dunlop, LLC, its operating company. Co. originates, sells, and services a range of multifamily and other commercial real estate financing products, provides multifamily property sales brokerage and appraisal services, and engages in commercial real estate investment management activities. Co. provides a range of commercial real estate finance products to its customers, including first mortgage, second trust, supplemental, construction, mezzanine, preferred equity, small-balance, and bridge/interim loans. Co. also provides multifamily property appraisals.
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Hold (2.50 out of 4) 4th percentile
(ranked lower than approx. 96% of all stocks covered)
Analysts' Target Price: WD Stock Forecast Based on Zacks ABR data; powered by Xignite |