Spinnaker Investment Group LLC Purchases New Holdings in Walker & Dunlop, Inc. $WD

Spinnaker Investment Group LLC acquired a new position in Walker & Dunlop, Inc. (NYSE:WD) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 12,185 shares of the financial services provider’s stock, valued at approximately $1,019,000.

A number of other hedge funds have also recently bought and sold shares of WD. Norges Bank acquired a new stake in shares of Walker & Dunlop in the 2nd quarter valued at $30,422,000. Balyasny Asset Management L.P. acquired a new position in shares of Walker & Dunlop during the second quarter valued at $15,147,000. Nuveen LLC acquired a new position in shares of Walker & Dunlop during the first quarter valued at $11,170,000. Jacobs Levy Equity Management Inc. bought a new position in Walker & Dunlop in the first quarter valued at about $9,353,000. Finally, Alyeska Investment Group L.P. acquired a new stake in Walker & Dunlop in the first quarter worth about $7,285,000. 80.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

WD has been the subject of several recent research reports. Wall Street Zen cut Walker & Dunlop from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. JMP Securities set a $95.00 price target on shares of Walker & Dunlop and gave the stock a “market outperform” rating in a research report on Friday, October 10th. Citizens Jmp upgraded shares of Walker & Dunlop from a “market perform” rating to an “outperform” rating and set a $95.00 price objective on the stock in a report on Friday, October 10th. Citigroup reaffirmed a “market outperform” rating on shares of Walker & Dunlop in a research note on Friday, December 5th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Walker & Dunlop in a report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.40.

Walker & Dunlop Price Performance

Shares of WD stock opened at $60.17 on Friday. The stock has a market cap of $2.05 billion, a PE ratio of 17.85 and a beta of 1.58. The stock has a 50-day moving average of $70.52 and a 200-day moving average of $75.58. Walker & Dunlop, Inc. has a one year low of $60.05 and a one year high of $99.21.

Walker & Dunlop (NYSE:WD) last released its quarterly earnings data on Thursday, November 6th. The financial services provider reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.01. Walker & Dunlop had a net margin of 9.31% and a return on equity of 8.85%. The business had revenue of $337.68 million for the quarter, compared to analyst estimates of $325.10 million. During the same quarter last year, the firm earned $1.19 EPS. Walker & Dunlop’s quarterly revenue was up 15.5% compared to the same quarter last year. As a group, research analysts anticipate that Walker & Dunlop, Inc. will post 4.97 earnings per share for the current year.

Walker & Dunlop Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 21st were issued a $0.67 dividend. The ex-dividend date of this dividend was Friday, November 21st. This represents a $2.68 annualized dividend and a dividend yield of 4.5%. Walker & Dunlop’s payout ratio is 79.53%.

Walker & Dunlop Profile

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.