DBA Trading LLC Purchases New Stake in Walker & Dunlop, Inc. $WD

DBA Trading LLC acquired a new position in shares of Walker & Dunlop, Inc. (NYSE:WD) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 25,000 shares of the financial services provider’s stock, valued at approximately $878,000. Walker & Dunlop accounts for about 1.5% of DBA Trading LLC’s portfolio, making the stock its 17th largest holding. DBA Trading LLC owned approximately 0.07% of Walker & Dunlop as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. BlackRock Inc. acquired a new position in Walker & Dunlop during the 2nd quarter worth about $289,614,000. Legal & General Group Plc acquired a new stake in shares of Walker & Dunlop in the second quarter valued at approximately $4,318,000. Algert Global LLC acquired a new stake in shares of Walker & Dunlop in the second quarter valued at approximately $3,766,000. Man Group plc acquired a new stake in shares of Walker & Dunlop in the second quarter valued at approximately $5,095,000. Finally, Ieq Capital LLC bought a new position in Walker & Dunlop in the 2nd quarter worth approximately $2,640,000. Institutional investors and hedge funds own 80.97% of the company’s stock.

Insider Transactions at Walker & Dunlop

In other news, Director Gary S. Pinkus purchased 4,850 shares of Walker & Dunlop stock in a transaction on Monday, November 9th. The stock was purchased at an average price of $41.35 per share, with a total value of $200,547.50. Following the transaction, the director directly owned 4,850 shares in the company, valued at $200,547.50. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 4.02% of the company’s stock.

Wall Street Analyst Weigh In

WD has been the topic of a number of recent research reports. Wall Street Zen upgraded Walker & Dunlop from a “sell” rating to a “hold” rating in a research report on Saturday, August 29th. Keefe, Bruyette & Woods cut their price target on Walker & Dunlop from $45.00 to $43.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 3rd. Citizens Jmp lowered their price objective on Walker & Dunlop from $55.00 to $50.00 and set a “market outperform” rating for the company in a research report on Friday, October 16th. Citigroup restated a “market outperform” rating on shares of Walker & Dunlop in a report on Friday, October 16th. Finally, Weiss Ratings cut shares of Walker & Dunlop from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday. Five equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $59.25.

Walker & Dunlop Trading Down 3.6%

WD opened at $39.98 on Wednesday. The stock has a market capitalization of $1.38 billion, a P/E ratio of 12.17 and a beta of 1.48. Walker & Dunlop, Inc. has a 12 month low of $31.40 and a 12 month high of $69.19. The firm’s fifty day simple moving average is $36.65 and its 200 day simple moving average is $47.14.

Walker & Dunlop (NYSE:WD) last released its earnings results on Thursday, November 5th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.06). Walker & Dunlop had a positive return on equity of 6.66% and a negative net margin of 2.64%. The firm had revenue of $298.45 million for the quarter, compared to the consensus estimate of $310.93 million. During the same quarter last year, the company posted $1.22 EPS. Walker & Dunlop’s revenue for the quarter was down 11.6% on a year-over-year basis.

Walker & Dunlop Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 20th will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend is Friday, November 20th. Walker & Dunlop’s dividend payout ratio (DPR) is currently -269.31%.

About Walker & Dunlop

Walker & Dunlop, Inc. is a commercial real estate finance and advisory firm focused primarily on multifamily properties. It arranges debt and equity financing, provides investment sales and property valuation services, and offers capital markets and investment management services to property owners and investors. The company works with government-sponsored housing finance agencies, including Fannie Mae and Freddie Mac, as well as the Federal Housing Administration, to provide financing options. Its services also include loan servicing and financing for other types of commercial real estate.