Suntrust Banks Inc. acquired a new stake in shares of Walker & Dunlop, Inc. (NYSE:WD) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 4,663 shares of the financial services provider’s stock, valued at approximately $227,000.

Other large investors also recently modified their holdings of the company. Alps Advisors Inc. raised its stake in shares of Walker & Dunlop by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 11,679 shares of the financial services provider’s stock worth $570,000 after purchasing an additional 30 shares during the period. State Board of Administration of Florida Retirement System raised its stake in shares of Walker & Dunlop by 0.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 17,056 shares of the financial services provider’s stock worth $711,000 after purchasing an additional 46 shares during the period. LS Investment Advisors LLC raised its stake in shares of Walker & Dunlop by 1.5% during the 2nd quarter. LS Investment Advisors LLC now owns 3,165 shares of the financial services provider’s stock worth $155,000 after purchasing an additional 47 shares during the period. Arizona State Retirement System raised its stake in shares of Walker & Dunlop by 1.4% during the 1st quarter. Arizona State Retirement System now owns 14,469 shares of the financial services provider’s stock worth $603,000 after purchasing an additional 200 shares during the period. Finally, Louisiana State Employees Retirement System raised its stake in shares of Walker & Dunlop by 1.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 11,500 shares of the financial services provider’s stock worth $562,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 77.25% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece on another site, it was stolen and republished in violation of U.S. and international copyright & trademark laws. The original version of this piece can be read at https://www.thecerbatgem.com/2017/10/18/suntrust-banks-inc-invests-227000-in-walker-dunlop-inc-wd-stock.html.

In other Walker & Dunlop news, Director Dana L. Schmaltz purchased 1,000 shares of the stock in a transaction dated Thursday, September 7th. The shares were purchased at an average cost of $45.10 per share, with a total value of $45,100.00. Following the completion of the acquisition, the director now directly owns 47,983 shares in the company, valued at approximately $2,164,033.30. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Dana L. Schmaltz purchased 2,000 shares of the stock in a transaction dated Wednesday, August 9th. The shares were acquired at an average cost of $47.85 per share, for a total transaction of $95,700.00. Following the completion of the acquisition, the director now owns 44,983 shares of the company’s stock, valued at $2,152,436.55. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 4,000 shares of company stock worth $186,850. Corporate insiders own 11.70% of the company’s stock.

A number of research firms have recently commented on WD. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $49.00 target price on shares of Walker & Dunlop in a research note on Thursday, October 12th. JMP Securities upgraded Walker & Dunlop from a “market perform” rating to an “outperform” rating and set a $55.00 target price on the stock in a research note on Thursday, August 3rd. BidaskClub cut Walker & Dunlop from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Zacks Investment Research cut Walker & Dunlop from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $44.00.

Shares of Walker & Dunlop, Inc. (WD) opened at 55.15 on Wednesday. The stock’s 50 day moving average price is $49.74 and its 200-day moving average price is $48.07. The company has a market capitalization of $1.72 billion, a PE ratio of 12.19 and a beta of 1.37. Walker & Dunlop, Inc. has a 1-year low of $23.61 and a 1-year high of $55.88.

Walker & Dunlop (NYSE:WD) last announced its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.02. The firm had revenue of $166.40 million for the quarter, compared to the consensus estimate of $167.51 million. Walker & Dunlop had a return on equity of 22.86% and a net margin of 21.91%. The company’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.05 earnings per share. On average, equities analysts predict that Walker & Dunlop, Inc. will post $4.45 EPS for the current year.

Walker & Dunlop Profile

Walker & Dunlop, Inc is a holding company, which conducts its operations through Walker & Dunlop, LLC. The Company provides commercial real estate financial products and services primarily to developers and owners of multifamily properties. The Company originates, sells and services a range of multifamily and other commercial real estate financing products, including Multifamily Finance, Federal Housing Administration (FHA) Finance, Capital Markets, and Proprietary Capital.

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

Receive News & Stock Ratings for Walker & Dunlop Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walker & Dunlop Inc. and related stocks with our FREE daily email newsletter.