LSV Asset Management lowered its stake in shares of Walker & Dunlop, Inc. (NYSE:WD) by 12.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,100 shares of the financial services provider’s stock after selling 25,200 shares during the quarter. LSV Asset Management owned about 0.56% of Walker & Dunlop worth $9,259,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of WD. Stone Ridge Asset Management LLC grew its stake in shares of Walker & Dunlop by 86.2% in the 3rd quarter. Stone Ridge Asset Management LLC now owns 10,546 shares of the financial services provider’s stock valued at $558,000 after buying an additional 4,881 shares during the period. AlphaMark Advisors LLC grew its stake in shares of Walker & Dunlop by 118.7% in the 3rd quarter. AlphaMark Advisors LLC now owns 11,810 shares of the financial services provider’s stock valued at $625,000 after buying an additional 6,410 shares during the period. HL Financial Services LLC grew its stake in shares of Walker & Dunlop by 3.8% in the 3rd quarter. HL Financial Services LLC now owns 62,185 shares of the financial services provider’s stock valued at $3,288,000 after buying an additional 2,279 shares during the period. Smith Asset Management Group LP grew its stake in shares of Walker & Dunlop by 4.0% in the 3rd quarter. Smith Asset Management Group LP now owns 36,310 shares of the financial services provider’s stock valued at $1,920,000 after buying an additional 1,390 shares during the period. Finally, James Investment Research Inc. grew its stake in shares of Walker & Dunlop by 7.7% in the 3rd quarter. James Investment Research Inc. now owns 38,570 shares of the financial services provider’s stock valued at $2,040,000 after buying an additional 2,760 shares during the period. 79.75% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have recently commented on the company. Compass Point restated a “buy” rating and issued a $63.00 target price on shares of Walker & Dunlop in a research note on Wednesday, August 1st. Wedbush restated a “hold” rating and issued a $58.00 target price on shares of Walker & Dunlop in a research note on Tuesday, September 25th. ValuEngine downgraded Walker & Dunlop from a “hold” rating to a “sell” rating in a research note on Saturday, October 6th. Finally, JMP Securities reduced their target price on Walker & Dunlop from $65.00 to $60.00 and set a “market outperform” rating for the company in a research note on Thursday, November 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. Walker & Dunlop currently has an average rating of “Buy” and an average price target of $61.75.
Walker & Dunlop (NYSE:WD) last released its quarterly earnings results on Wednesday, October 31st. The financial services provider reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.15). The company had revenue of $184.70 million for the quarter, compared to analyst estimates of $203.03 million. Walker & Dunlop had a net margin of 29.89% and a return on equity of 18.23%. Walker & Dunlop’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.06 EPS. On average, analysts forecast that Walker & Dunlop, Inc. will post 4.95 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 4th. Shareholders of record on Friday, November 16th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 2.26%. Walker & Dunlop’s dividend payout ratio (DPR) is currently 21.01%.
In other Walker & Dunlop news, President Howard W. Smith III sold 25,000 shares of Walker & Dunlop stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $52.87, for a total transaction of $1,321,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director E. John Rice, Jr. sold 4,644 shares of Walker & Dunlop stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $54.25, for a total value of $251,937.00. Following the transaction, the director now owns 22,579 shares of the company’s stock, valued at approximately $1,224,910.75. The disclosure for this sale can be found here. Insiders have sold a total of 77,281 shares of company stock valued at $4,154,217 in the last quarter. Company insiders own 11.70% of the company’s stock.
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Walker & Dunlop Profile
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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