New York State Teachers Retirement System Sells 200 Shares of Walker & Dunlop, Inc. (NYSE:WD)

New York State Teachers Retirement System lowered its position in Walker & Dunlop, Inc. (NYSE:WDGet Rating) by 0.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 54,663 shares of the financial services provider’s stock after selling 200 shares during the period. New York State Teachers Retirement System’s holdings in Walker & Dunlop were worth $4,577,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WD. Covestor Ltd lifted its holdings in shares of Walker & Dunlop by 5,066.7% in the first quarter. Covestor Ltd now owns 310 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 304 shares in the last quarter. First Manhattan Co. bought a new position in shares of Walker & Dunlop in the first quarter valued at approximately $65,000. Financial Management Professionals Inc. bought a new position in shares of Walker & Dunlop in the second quarter valued at approximately $51,000. Baldwin Brothers LLC MA lifted its holdings in shares of Walker & Dunlop by 25.0% in the second quarter. Baldwin Brothers LLC MA now owns 750 shares of the financial services provider’s stock valued at $72,000 after purchasing an additional 150 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Walker & Dunlop by 44.4% in the second quarter. Nisa Investment Advisors LLC now owns 1,300 shares of the financial services provider’s stock valued at $125,000 after purchasing an additional 400 shares in the last quarter. Institutional investors own 77.78% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on WD shares. JMP Securities dropped their target price on Walker & Dunlop from $140.00 to $110.00 and set a “market outperform” rating on the stock in a report on Thursday, November 10th. StockNews.com lowered Walker & Dunlop from a “hold” rating to a “sell” rating in a report on Thursday, November 17th.

Insiders Place Their Bets

In other Walker & Dunlop news, COO Stephen P. Theobald sold 3,000 shares of the firm’s stock in a transaction on Thursday, December 15th. The stock was sold at an average price of $79.99, for a total value of $239,970.00. Following the completion of the sale, the chief operating officer now directly owns 43,699 shares of the company’s stock, valued at $3,495,483.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, COO Stephen P. Theobald sold 10,000 shares of Walker & Dunlop stock in a transaction on Thursday, December 1st. The stock was sold at an average price of $91.41, for a total value of $914,100.00. Following the completion of the transaction, the chief operating officer now directly owns 43,699 shares in the company, valued at $3,994,525.59. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Stephen P. Theobald sold 3,000 shares of Walker & Dunlop stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $79.99, for a total value of $239,970.00. Following the completion of the transaction, the chief operating officer now owns 43,699 shares of the company’s stock, valued at $3,495,483.01. The disclosure for this sale can be found here. Company insiders own 8.05% of the company’s stock.

Walker & Dunlop Trading Up 2.3 %

Shares of WD opened at $93.19 on Monday. The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of 12.34 and a beta of 1.26. The stock has a 50 day moving average of $82.72 and a 200 day moving average of $92.44. Walker & Dunlop, Inc. has a 12 month low of $75.33 and a 12 month high of $149.28.

Walker & Dunlop (NYSE:WDGet Rating) last issued its quarterly earnings results on Wednesday, November 9th. The financial services provider reported $1.40 EPS for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.60). The business had revenue of $315.61 million for the quarter, compared to analysts’ expectations of $344.86 million. Walker & Dunlop had a net margin of 18.11% and a return on equity of 15.23%. As a group, equities research analysts predict that Walker & Dunlop, Inc. will post 6.68 earnings per share for the current year.

Walker & Dunlop Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 9th. Shareholders of record on Friday, November 25th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date was Wednesday, November 23rd. Walker & Dunlop’s dividend payout ratio is currently 31.79%.

About Walker & Dunlop

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Walker & Dunlop, Inc, through its subsidiaries, originates, sells, and services a range of multifamily and other commercial real estate financing products and services for owners and developers of real estate in the United States. The company offers first mortgage, second trust, supplemental, construction, mezzanine, preferred equity, small-balance, and bridge/interim loans.

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Institutional Ownership by Quarter for Walker & Dunlop (NYSE:WD)

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