Capitolis Liquid Global Markets LLC purchased a new position in shares of Walker & Dunlop, Inc. (NYSE:WD – Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 31,700 shares of the financial services provider’s stock, valued at approximately $2,651,000. Capitolis Liquid Global Markets LLC owned approximately 0.09% of Walker & Dunlop as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of the stock. Norges Bank bought a new stake in shares of Walker & Dunlop in the 2nd quarter valued at $30,422,000. Deprince Race & Zollo Inc. boosted its stake in Walker & Dunlop by 147.7% during the third quarter. Deprince Race & Zollo Inc. now owns 537,338 shares of the financial services provider’s stock worth $44,932,000 after acquiring an additional 320,425 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in Walker & Dunlop in the second quarter worth $15,147,000. Two Sigma Investments LP increased its stake in Walker & Dunlop by 238.2% in the third quarter. Two Sigma Investments LP now owns 284,067 shares of the financial services provider’s stock valued at $23,754,000 after purchasing an additional 200,074 shares in the last quarter. Finally, Tributary Capital Management LLC increased its stake in Walker & Dunlop by 93.2% in the third quarter. Tributary Capital Management LLC now owns 325,282 shares of the financial services provider’s stock valued at $27,200,000 after purchasing an additional 156,944 shares in the last quarter. Institutional investors and hedge funds own 80.97% of the company’s stock.
Insider Transactions at Walker & Dunlop
In related news, Director Ernest Michael Freedman acquired 5,000 shares of the firm’s stock in a transaction on Thursday, March 5th. The stock was purchased at an average cost of $49.21 per share, with a total value of $246,050.00. Following the acquisition, the director owned 6,097 shares of the company’s stock, valued at approximately $300,033.37. This trade represents a 455.79% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 3.66% of the company’s stock.
Analyst Ratings Changes
Several equities analysts have recently weighed in on WD shares. Weiss Ratings lowered shares of Walker & Dunlop from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, March 3rd. Jefferies Financial Group started coverage on Walker & Dunlop in a research report on Friday, December 19th. They issued a “buy” rating and a $75.00 target price for the company. Citigroup reaffirmed a “market outperform” rating on shares of Walker & Dunlop in a research note on Friday, December 5th. Finally, Keefe, Bruyette & Woods cut their price target on Walker & Dunlop from $80.00 to $65.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Walker & Dunlop has an average rating of “Moderate Buy” and a consensus target price of $81.25.
Get Our Latest Stock Report on Walker & Dunlop
Walker & Dunlop Trading Down 2.6%
WD opened at $45.04 on Monday. The company’s fifty day moving average price is $59.45 and its two-hundred day moving average price is $69.01. Walker & Dunlop, Inc. has a 1-year low of $42.12 and a 1-year high of $90.00. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 27.47 and a beta of 1.57.
Walker & Dunlop (NYSE:WD – Get Free Report) last released its quarterly earnings data on Thursday, February 26th. The financial services provider reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $1.46 by ($1.18). The business had revenue of $340.02 million during the quarter, compared to the consensus estimate of $343.66 million. Walker & Dunlop had a net margin of 4.56% and a return on equity of 6.81%. The firm’s quarterly revenue was down .4% on a year-over-year basis. During the same period last year, the business posted $1.32 earnings per share. As a group, equities analysts forecast that Walker & Dunlop, Inc. will post 4.97 earnings per share for the current fiscal year.
Walker & Dunlop Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Friday, March 13th. This is a positive change from Walker & Dunlop’s previous quarterly dividend of $0.67. Walker & Dunlop’s payout ratio is 165.85%.
About Walker & Dunlop
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.
Further Reading
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