Walker & Dunlop, Inc. (WD) Stake Boosted by Royce & Associates LP
Royce & Associates LP lifted its holdings in Walker & Dunlop, Inc. (NYSE:WD) by 167.0% during the third quarter, HoldingsChannel.com reports. The firm owned 254,774 shares of the financial services provider’s stock after purchasing an additional 159,363 shares during the period. Royce & Associates LP’s holdings in Walker & Dunlop were worth $13,472,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of WD. Great West Life Assurance Co. Can grew its position in Walker & Dunlop by 2.8% during the second quarter. Great West Life Assurance Co. Can now owns 36,008 shares of the financial services provider’s stock worth $2,004,000 after buying an additional 995 shares in the last quarter. Convergence Investment Partners LLC grew its position in Walker & Dunlop by 5.4% during the second quarter. Convergence Investment Partners LLC now owns 20,714 shares of the financial services provider’s stock worth $1,153,000 after buying an additional 1,064 shares in the last quarter. IndexIQ Advisors LLC grew its position in Walker & Dunlop by 3.4% during the second quarter. IndexIQ Advisors LLC now owns 36,814 shares of the financial services provider’s stock worth $2,049,000 after buying an additional 1,208 shares in the last quarter. Smith Asset Management Group LP grew its position in Walker & Dunlop by 4.0% during the third quarter. Smith Asset Management Group LP now owns 36,310 shares of the financial services provider’s stock worth $1,920,000 after buying an additional 1,390 shares in the last quarter. Finally, Argent Capital Management LLC boosted its holdings in Walker & Dunlop by 2.5% during the second quarter. Argent Capital Management LLC now owns 66,770 shares of the financial services provider’s stock valued at $3,716,000 after purchasing an additional 1,600 shares in the last quarter. Institutional investors and hedge funds own 78.79% of the company’s stock.
A number of equities research analysts have weighed in on WD shares. Wedbush raised Walker & Dunlop from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $55.00 to $58.00 in a report on Thursday, November 1st. JMP Securities decreased their price objective on Walker & Dunlop from $65.00 to $60.00 and set a “market outperform” rating on the stock in a report on Thursday, November 1st. Zacks Investment Research downgraded Walker & Dunlop from a “hold” rating to a “sell” rating in a report on Saturday, December 1st. Finally, ValuEngine downgraded Walker & Dunlop from a “hold” rating to a “sell” rating in a report on Saturday, October 6th. Two equities research analysts have rated the stock with a sell rating and four have given a buy rating to the company. Walker & Dunlop currently has an average rating of “Hold” and a consensus price target of $61.75.
Walker & Dunlop (NYSE:WD) last announced its earnings results on Wednesday, October 31st. The financial services provider reported $1.17 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.15). The business had revenue of $184.70 million during the quarter, compared to analyst estimates of $203.03 million. Walker & Dunlop had a return on equity of 18.23% and a net margin of 29.89%. The firm’s revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.06 earnings per share. On average, sell-side analysts expect that Walker & Dunlop, Inc. will post 4.95 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 4th. Stockholders of record on Friday, November 16th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend was Thursday, November 15th. Walker & Dunlop’s payout ratio is currently 21.01%.
In other news, President Howard W. Smith III sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $52.87, for a total value of $1,321,750.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 11.70% of the stock is owned by insiders.
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About Walker & Dunlop
Walker & Dunlop, Inc, through its subsidiaries, originates, sells, and services a range of multifamily and other commercial real estate loans for owners and developers of real estate in the United States. The company offers multifamily properties and commercial real estate finance products, such as first mortgage loans, second trust loans, supplemental financings, construction loans, mezzanine loans, and bridge/interim loans.
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