961 Shares in Walker & Dunlop, Inc. (NYSE:WD) Acquired by Asset Dedication LLC

Asset Dedication LLC acquired a new stake in shares of Walker & Dunlop, Inc. (NYSE:WD) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 961 shares of the financial services provider’s stock, valued at approximately $94,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Arizona State Retirement System grew its stake in Walker & Dunlop by 2.3% during the second quarter. Arizona State Retirement System now owns 9,406 shares of the financial services provider’s stock valued at $924,000 after acquiring an additional 213 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Walker & Dunlop by 13.8% during the second quarter. Victory Capital Management Inc. now owns 1,063,522 shares of the financial services provider’s stock valued at $104,438,000 after purchasing an additional 129,289 shares in the last quarter. National Bank of Canada FI grew its position in shares of 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 valued at $26,000 after purchasing an additional 185 shares in the last quarter. GPM Growth Investors Inc. bought a new stake in shares of Walker & Dunlop in the second quarter worth about $4,595,000. Finally, Sage Mountain Advisors LLC lifted its position in shares of 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 worth $215,000 after buying an additional 190 shares in the last quarter. Institutional investors own 80.97% of the company’s stock.

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 shares were sold at an average price of $106.10, for a total value of $1,471,607.00. Following the completion of the sale, the chief operating officer now owns 53,869 shares of the company’s stock, valued at $5,715,500.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.47% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on WD. StockNews.com raised Walker & Dunlop from a “sell” rating to a “hold” rating in a research note on Sunday, August 11th. Keefe, Bruyette & Woods boosted their price target on shares of Walker & Dunlop from $105.00 to $112.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. Finally, Wedbush increased their price objective on shares of Walker & Dunlop from $95.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday, August 9th.

Walker & Dunlop Price Performance

Shares of WD stock opened at $103.40 on Tuesday. The company has a market cap of $3.49 billion, a PE ratio of 37.74 and a beta of 1.55. Walker & Dunlop, Inc. has a 1 year low of $62.51 and a 1 year high of $113.67. The stock’s 50 day simple moving average is $103.24 and its two-hundred day simple moving average is $97.83.

Walker & Dunlop (NYSE:WD) last issued its quarterly earnings results on Thursday, August 8th. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. Walker & Dunlop had a return on equity of 9.65% and a net margin of 8.41%. The company had revenue of $270.70 million during the quarter, compared to the consensus estimate of $274.50 million. During the same period last year, the company earned $0.98 earnings per share. Walker & Dunlop’s revenue was down .7% on a year-over-year basis. Equities research analysts expect that Walker & Dunlop, Inc. will post 5.27 EPS for the current year.

Walker & Dunlop Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Thursday, August 22nd were paid a dividend of $0.65 per share. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.51%. Walker & Dunlop’s dividend payout ratio is presently 94.89%.

Walker & Dunlop Profile

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.