Public Sector Pension Investment Board Acquires 5,592 Shares of Walker & Dunlop, Inc. (NYSE:WD)

Public Sector Pension Investment Board grew its holdings in Walker & Dunlop, Inc. (NYSE:WD) by 8.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 74,162 shares of the financial services provider’s stock after acquiring an additional 5,592 shares during the period. Public Sector Pension Investment Board’s holdings in Walker & Dunlop were worth $7,283,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of WD. Vanguard Group Inc. raised its holdings in Walker & Dunlop by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 3,761,433 shares of the financial services provider’s stock worth $417,557,000 after purchasing an additional 10,743 shares during the period. Dimensional Fund Advisors LP increased its position in Walker & Dunlop by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,319,434 shares of the financial services provider’s stock worth $129,566,000 after buying an additional 20,739 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Walker & Dunlop by 13.8% in the second quarter. Victory Capital Management Inc. now owns 1,063,522 shares of the financial services provider’s stock worth $104,438,000 after buying an additional 129,289 shares during the period. Impactive Capital LP grew its stake in shares of Walker & Dunlop by 242.0% during the 1st quarter. Impactive Capital LP now owns 1,034,093 shares of the financial services provider’s stock valued at $104,505,000 after acquiring an additional 731,714 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Walker & Dunlop by 0.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 377,417 shares of the financial services provider’s stock worth $37,062,000 after acquiring an additional 2,815 shares in the last quarter. Hedge funds and other institutional investors own 80.97% of the company’s stock.

Insider Activity at Walker & Dunlop

In other news, COO Stephen P. Theobald sold 13,870 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $106.10, for a total transaction 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.47% of the stock is owned by corporate insiders.

Walker & Dunlop Price Performance

WD stock opened at $112.58 on Wednesday. Walker & Dunlop, Inc. has a 1-year low of $62.51 and a 1-year high of $114.64. The business has a 50 day simple moving average of $105.54 and a two-hundred day simple moving average of $98.90. The company has a market capitalization of $3.80 billion, a price-to-earnings ratio of 41.09 and a beta of 1.55.

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

Walker & Dunlop Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Thursday, August 22nd were given a $0.65 dividend. 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 2.31%. Walker & Dunlop’s dividend payout ratio is currently 94.89%.

Analyst Ratings Changes

Several brokerages have weighed in on WD. Keefe, Bruyette & Woods lifted 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. Wedbush lifted their target price on shares of Walker & Dunlop from $95.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. Finally, StockNews.com upgraded Walker & Dunlop from a “sell” rating to a “hold” rating in a research note on Sunday, August 11th.

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.