Public Employees Retirement Association of Colorado Decreases Stake in Walker & Dunlop, Inc. (NYSE:WD)

Public Employees Retirement Association of Colorado lessened its stake in Walker & Dunlop, Inc. (NYSE:WD) by 4.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,298 shares of the financial services provider’s stock after selling 178 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Walker & Dunlop were worth $422,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Insight Folios Inc grew its position in Walker & Dunlop by 2.5% during the first quarter. Insight Folios Inc now owns 7,043 shares of the financial services provider’s stock worth $712,000 after buying an additional 171 shares during the period. Hsbc Holdings PLC increased its stake in Walker & Dunlop by 3.7% in the 2nd quarter. Hsbc Holdings PLC now owns 4,851 shares of the financial services provider’s stock valued at $473,000 after purchasing an additional 172 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in Walker & Dunlop by 44.5% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 575 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 177 shares during the last quarter. National Bank of Canada FI boosted its position in Walker & Dunlop by 205.6% during the second quarter. National Bank of Canada FI now owns 275 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 185 shares in the last quarter. Finally, Sage Mountain Advisors LLC grew its holdings in Walker & Dunlop by 9.5% in the second quarter. Sage Mountain Advisors LLC now owns 2,190 shares of the financial services provider’s stock valued at $215,000 after purchasing an additional 190 shares during the last quarter. Institutional investors and hedge funds own 80.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Wolfe Research raised Walker & Dunlop to a “strong-buy” rating in a research note on Tuesday. Keefe, Bruyette & Woods upped their price target on shares of Walker & Dunlop from $105.00 to $112.00 and gave the company a “market perform” rating in a report on Thursday, July 25th. StockNews.com upgraded shares of Walker & Dunlop from a “sell” rating to a “hold” rating in a research report on Sunday, August 11th. Finally, Wedbush lifted their price objective on Walker & Dunlop from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday.

Insider Activity at Walker & Dunlop

In other Walker & Dunlop news, COO Stephen P. Theobald sold 13,870 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $106.10, for a total value of $1,471,607.00. Following the sale, the chief operating officer now directly owns 53,869 shares of the company’s stock, valued at approximately $5,715,500.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 5.47% of the company’s stock.

Walker & Dunlop Trading Down 0.2 %

Shares of WD stock opened at $113.75 on Friday. The company has a market capitalization of $3.84 billion, a price-to-earnings ratio of 41.49 and a beta of 1.55. The firm has a 50-day moving average price of $105.67 and a 200 day moving average price of $99.01. Walker & Dunlop, Inc. has a twelve month low of $62.51 and a twelve month high of $116.26.

Walker & Dunlop (NYSE:WD) last posted its quarterly earnings data on Thursday, August 8th. The financial services provider reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. Walker & Dunlop had a net margin of 8.41% and a return on equity of 9.65%. The business had revenue of $270.70 million during the quarter, compared to analyst estimates of $274.50 million. During the same quarter in the previous year, the business posted $0.98 earnings per share. The company’s revenue was down .7% on a year-over-year basis. As a group, research analysts predict that Walker & Dunlop, Inc. will post 5.27 earnings per share for the current year.

Walker & Dunlop Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Thursday, August 22nd were given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend was Thursday, August 22nd. Walker & Dunlop’s dividend payout ratio is currently 94.89%.

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. It operates through three segments: Capital Markets, Servicing & Asset Management, and Corporate.