Dimensional Fund Advisors LP trimmed its holdings in shares of Walker & Dunlop, Inc. (NYSE:WD) by 5.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,486,565 shares of the financial services provider’s stock after selling 92,110 shares during the period. Dimensional Fund Advisors LP owned about 4.76% of Walker & Dunlop worth $136,792,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the company. First Trust Advisors LP bought a new stake in Walker & Dunlop in the first quarter valued at approximately $2,111,000. Arrowstreet Capital Limited Partnership bought a new stake in Walker & Dunlop during the 3rd quarter valued at $873,000. Allianz Asset Management GmbH boosted its position in Walker & Dunlop by 13.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 126,813 shares of the financial services provider’s stock valued at $6,721,000 after buying an additional 15,441 shares during the period. State of Tennessee Treasury Department grew its holdings in Walker & Dunlop by 31.8% in the 3rd quarter. State of Tennessee Treasury Department now owns 16,160 shares of the financial services provider’s stock worth $857,000 after acquiring an additional 3,903 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its position in shares of Walker & Dunlop by 173.8% in the third quarter. Cubist Systematic Strategies LLC now owns 26,733 shares of the financial services provider’s stock valued at $1,417,000 after acquiring an additional 16,970 shares during the period. 77.10% of the stock is currently owned by hedge funds and other institutional investors.
In other news, President Howard W. Smith III sold 8,087 shares of Walker & Dunlop stock in a transaction that occurred on Monday, April 5th. The shares were sold at an average price of $105.96, for a total transaction of $856,898.52. Following the completion of the transaction, the president now directly owns 149,843 shares in the company, valued at $15,877,364.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Howard W. Smith III sold 8,435 shares of Walker & Dunlop stock in a transaction that occurred on Monday, February 1st. The shares were sold at an average price of $83.13, for a total transaction of $701,201.55. Following the transaction, the president now owns 103,934 shares of the company’s stock, valued at $8,640,033.42. The disclosure for this sale can be found here. In the last quarter, insiders sold 105,571 shares of company stock valued at $10,660,221. 9.72% of the stock is owned by corporate insiders.
WD stock opened at $104.26 on Thursday. The company has a debt-to-equity ratio of 1.98, a current ratio of 187.94 and a quick ratio of 187.94. Walker & Dunlop, Inc. has a 1 year low of $32.03 and a 1 year high of $113.79. The firm has a 50-day moving average of $103.18 and a 200 day moving average of $84.11. The company has a market cap of $3.23 billion, a P/E ratio of 16.90 and a beta of 1.27.
Walker & Dunlop (NYSE:WD) last posted its earnings results on Thursday, February 4th. The financial services provider reported $2.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $1.12. The firm had revenue of $349.71 million for the quarter, compared to the consensus estimate of $228.57 million. Walker & Dunlop had a return on equity of 18.98% and a net margin of 21.64%. The business’s revenue for the quarter was up 61.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.34 EPS. On average, equities research analysts expect that Walker & Dunlop, Inc. will post 5.5 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 11th. Investors of record on Monday, February 22nd were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.92%. This is a boost from Walker & Dunlop’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Friday, February 19th. Walker & Dunlop’s dividend payout ratio is presently 36.70%.
A number of analysts have recently weighed in on WD shares. Keefe, Bruyette & Woods increased their target price on shares of Walker & Dunlop from $85.00 to $90.00 and gave the stock a “market perform” rating in a report on Friday, February 5th. Wedbush lifted their price objective on Walker & Dunlop from $98.00 to $112.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 10th. Finally, Zacks Investment Research upgraded Walker & Dunlop from a “hold” rating to a “strong-buy” rating and set a $116.00 target price for the company in a report on Saturday, February 13th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Walker & Dunlop presently has a consensus rating of “Buy” and an average price target of $97.00.
Walker & Dunlop Company 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. The company offers first mortgage, second trust, supplemental, construction, mezzanine, preferred equity, small-balance, and bridge/interim loans.
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