Walker & Dunlop, Inc. $WD is Conversant Capital LLC’s 7th Largest Position

Conversant Capital LLC lifted its holdings in shares of Walker & Dunlop, Inc. (NYSE:WD) by 33.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 560,316 shares of the financial services provider’s stock after buying an additional 138,936 shares during the period. Walker & Dunlop makes up approximately 3.4% of Conversant Capital LLC’s holdings, making the stock its 7th largest position. Conversant Capital LLC’s holdings in Walker & Dunlop were worth $24,867,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in WD. ProShare Advisors LLC raised its stake in Walker & Dunlop by 3.1% during the 4th quarter. ProShare Advisors LLC now owns 6,425 shares of the financial services provider’s stock valued at $386,000 after acquiring an additional 192 shares during the last quarter. State of Alaska Department of Revenue grew its stake in shares of Walker & Dunlop by 1.1% in the 4th quarter. State of Alaska Department of Revenue now owns 18,787 shares of the financial services provider’s stock valued at $1,129,000 after purchasing an additional 202 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of Walker & Dunlop by 0.7% in the 2nd quarter. California State Teachers Retirement System now owns 31,143 shares of the financial services provider’s stock valued at $2,195,000 after purchasing an additional 216 shares during the last quarter. Huntington National Bank increased its holdings in shares of Walker & Dunlop by 47.9% in the fourth quarter. Huntington National Bank now owns 865 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 280 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in shares of Walker & Dunlop by 0.6% in the third quarter. Ameriprise Financial Inc. now owns 65,018 shares of the financial services provider’s stock valued at $5,437,000 after purchasing an additional 358 shares during the period. Hedge funds and other institutional investors own 80.97% of the company’s stock.

Walker & Dunlop Trading Up 2.9%

NYSE WD opened at $48.16 on Friday. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 23.84 and a beta of 1.48. The business’s 50 day moving average is $50.94 and its two-hundred day moving average is $53.11. Walker & Dunlop, Inc. has a 12-month low of $42.12 and a 12-month high of $90.00.

Walker & Dunlop Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend was Thursday, May 21st. Walker & Dunlop’s dividend payout ratio is currently 134.65%.

Analyst Ratings Changes

WD has been the subject of several recent research reports. Wall Street Zen raised Walker & Dunlop from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings cut shares of Walker & Dunlop from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, July 20th. Stephens assumed coverage on shares of Walker & Dunlop in a research report on Thursday, April 23rd. They set an “overweight” rating and a $69.00 price objective for the company. Finally, Keefe, Bruyette & Woods raised their target price on shares of Walker & Dunlop from $65.00 to $67.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $79.20.

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.