State of New Jersey Common Pension Fund D Has $2.10 Million Position in Walker & Dunlop, Inc. (NYSE:WD)

State of New Jersey Common Pension Fund D cut its holdings in Walker & Dunlop, Inc. (NYSE:WD) by 7.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 18,443 shares of the financial services provider’s stock after selling 1,390 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Walker & Dunlop were worth $2,095,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of WD. National Bank of Canada FI increased its holdings in Walker & Dunlop by 205.6% during the 2nd 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. Blue Trust Inc. raised its position in Walker & Dunlop by 1,295.8% in the 3rd quarter. Blue Trust Inc. now owns 335 shares of the financial services provider’s stock valued at $38,000 after buying an additional 311 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in Walker & Dunlop by 44.5% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 575 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 177 shares in the last quarter. EntryPoint Capital LLC acquired a new position in Walker & Dunlop during the 1st quarter worth approximately $57,000. Finally, GAMMA Investing LLC grew its stake in shares of Walker & Dunlop by 64.7% during the 3rd quarter. GAMMA Investing LLC now owns 654 shares of the financial services provider’s stock worth $74,000 after acquiring an additional 257 shares in the last quarter. 80.97% of the stock is owned by institutional investors.

Insider Activity

In other Walker & Dunlop news, COO Stephen P. Theobald sold 13,870 shares of the 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 transaction, the chief operating officer now directly owns 53,869 shares of the company’s stock, valued at $5,715,500.90. This represents a 20.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.47% of the company’s stock.

Walker & Dunlop Trading Down 0.9 %

NYSE:WD opened at $106.62 on Friday. The stock has a market capitalization of $3.60 billion, a PE ratio of 38.08 and a beta of 1.55. Walker & Dunlop, Inc. has a 1-year low of $81.14 and a 1-year high of $118.19. The firm has a fifty day simple moving average of $110.53 and a 200 day simple moving average of $103.41.

Walker & Dunlop (NYSE:WD) last announced its quarterly earnings data on Thursday, November 7th. The financial services provider reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.10). The firm had revenue of $292.30 million during the quarter, compared to the consensus estimate of $294.24 million. Walker & Dunlop had a net margin of 8.91% and a return on equity of 9.81%. The business’s revenue was up 8.8% on a year-over-year basis. During the same period last year, the business earned $1.11 EPS. On average, equities analysts predict that Walker & Dunlop, Inc. will post 5.18 earnings per share for the current fiscal year.

Walker & Dunlop Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be paid a $0.65 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.60 annualized dividend and a yield of 2.44%. Walker & Dunlop’s dividend payout ratio is 92.86%.

Analysts Set New Price Targets

A number of analysts have recently commented on WD shares. Keefe, Bruyette & Woods boosted their price objective 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. Wedbush boosted their price target on shares of Walker & Dunlop from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Wolfe Research raised Walker & Dunlop to a “strong-buy” rating in a research report on Tuesday, September 24th. Finally, StockNews.com upgraded Walker & Dunlop from a “sell” rating to a “hold” rating in a report on Sunday, August 11th.

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.