New York State Teachers Retirement System lowered its position in Walker & Dunlop, Inc. (NYSE:WD – Get 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
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:WD – Get 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
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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