Walleye Capital LLC Purchases Shares of 17,587 Walker & Dunlop, Inc. $WD

Walleye Capital LLC acquired a new position in shares of Walker & Dunlop, Inc. (NYSE:WD) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,587 shares of the financial services provider’s stock, valued at approximately $962,000.

Several other hedge funds also recently modified their holdings of WD. EverSource Wealth Advisors LLC raised its stake in shares of Walker & Dunlop by 107.9% in the first quarter. EverSource Wealth Advisors LLC now owns 580 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 301 shares during the last quarter. Essential Partners LLC boosted its holdings in shares of Walker & Dunlop by 709.1% in the 1st quarter. Essential Partners LLC now owns 623 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 546 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in Walker & Dunlop by 1,398.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 734 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 685 shares during the last quarter. Strs Ohio bought a new stake in Walker & Dunlop during the 1st quarter worth approximately $51,000. Finally, Huntington National Bank increased its holdings in Walker & Dunlop by 47.9% during the 4th quarter. Huntington National Bank now owns 865 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 280 shares in the last quarter. Institutional investors and hedge funds own 80.97% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on WD. Weiss Ratings upgraded Walker & Dunlop from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 4th. Keefe, Bruyette & Woods decreased their target price on Walker & Dunlop from $63.00 to $57.00 and set an “outperform” rating on the stock in a report on Friday, August 7th. Stephens initiated coverage on Walker & Dunlop in a report on Thursday, April 23rd. They set an “overweight” rating and a $69.00 target price on the stock. Finally, Wall Street Zen lowered Walker & Dunlop from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.00.

Walker & Dunlop Trading Down 0.5%

Shares of NYSE WD opened at $42.57 on Friday. Walker & Dunlop, Inc. has a 1-year low of $41.38 and a 1-year high of $90.00. The company has a 50-day moving average of $50.08 and a two-hundred day moving average of $51.39. The company has a market cap of $1.46 billion, a PE ratio of 38.01 and a beta of 1.49.

Walker & Dunlop (NYSE:WD) last released its quarterly earnings results on Thursday, August 6th. The financial services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $0.90 by $0.29. The business had revenue of $306.69 million for the quarter, compared to analysts’ expectations of $337.37 million. Walker & Dunlop had a net margin of 2.94% and a return on equity of 7.25%. Walker & Dunlop’s revenue was down 3.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.15 earnings per share.

Walker & Dunlop Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $2.72 annualized dividend and a yield of 6.4%. Walker & Dunlop’s dividend payout ratio is currently 242.86%.

Walker & Dunlop Company 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.