Spinnaker Investment Group LLC Buys New Shares in Walker & Dunlop, Inc. $WD

Spinnaker Investment Group LLC purchased a new stake in Walker & Dunlop, Inc. (NYSE:WD) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,185 shares of the financial services provider’s stock, valued at approximately $1,019,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Verdence Capital Advisors LLC raised its holdings in Walker & Dunlop by 13.8% in the 2nd quarter. Verdence Capital Advisors LLC now owns 41,527 shares of the financial services provider’s stock valued at $2,927,000 after acquiring an additional 5,046 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of Walker & Dunlop by 8.2% during the second quarter. State of Alaska Department of Revenue now owns 19,230 shares of the financial services provider’s stock valued at $1,355,000 after purchasing an additional 1,455 shares during the period. Norges Bank acquired a new stake in Walker & Dunlop during the second quarter worth $30,422,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Walker & Dunlop during the 1st quarter worth about $334,000. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in shares of Walker & Dunlop during the 1st quarter valued at about $9,353,000. Institutional investors own 80.97% of the company’s stock.

Walker & Dunlop Price Performance

Shares of WD opened at $60.17 on Friday. The company has a market capitalization of $2.05 billion, a P/E ratio of 17.85 and a beta of 1.58. Walker & Dunlop, Inc. has a one year low of $60.05 and a one year high of $99.21. The business’s 50 day simple moving average is $70.52 and its 200-day simple moving average is $75.58.

Walker & Dunlop (NYSE:WD) last released its quarterly earnings results on Thursday, November 6th. The financial services provider reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.01. The firm had revenue of $337.68 million during the quarter, compared to analysts’ expectations of $325.10 million. Walker & Dunlop had a return on equity of 8.85% and a net margin of 9.31%.The business’s revenue was up 15.5% on a year-over-year basis. During the same period last year, the firm posted $1.19 EPS. On average, sell-side analysts anticipate that Walker & Dunlop, Inc. will post 4.97 EPS for the current fiscal year.

Walker & Dunlop Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 21st were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Friday, November 21st. Walker & Dunlop’s payout ratio is currently 79.53%.

Analyst Ratings Changes

Several research analysts recently issued reports on WD shares. JMP Securities set a $95.00 price target on shares of Walker & Dunlop and gave the stock a “market outperform” rating in a research report on Friday, October 10th. Keefe, Bruyette & Woods increased their target price on Walker & Dunlop from $95.00 to $97.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Jefferies Financial Group assumed coverage on Walker & Dunlop in a research note on Friday. They issued a “buy” rating and a $75.00 price target on the stock. Wall Street Zen cut Walker & Dunlop from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Finally, Citizens Jmp raised Walker & Dunlop from a “market perform” rating to an “outperform” rating and set a $95.00 price objective for the company in a report on Friday, October 10th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $90.40.

Walker & Dunlop Profile

Walker & Dunlop is one of the largest providers of commercial real estate finance in the United States, specializing in the origination, servicing and sale of loans secured by multifamily, seniors housing, healthcare, student housing and manufactured housing properties. The firm offers a full suite of debt and equity solutions, including agency financing through Fannie Mae and Freddie Mac, HUD and FHA-insured loans, bridge and construction financing, mezzanine debt, preferred equity, and investment sales advisory.

With roots dating back to 1937 and its headquarters in Bethesda, Maryland, Walker & Dunlop has expanded its platform through both organic growth and strategic acquisitions.