Tributary Capital Management LLC Acquires 156,944 Shares of Walker & Dunlop, Inc. $WD

Tributary Capital Management LLC increased its holdings in Walker & Dunlop, Inc. (NYSE:WD) by 93.2% in the third quarter, Holdings Channel reports. The institutional investor owned 325,282 shares of the financial services provider’s stock after buying an additional 156,944 shares during the period. Tributary Capital Management LLC’s holdings in Walker & Dunlop were worth $27,200,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Allworth Financial LP increased its stake in Walker & Dunlop by 115.8% during the 2nd quarter. Allworth Financial LP now owns 479 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 257 shares during the period. GAMMA Investing LLC grew its holdings in shares of Walker & Dunlop by 65.7% during the 3rd quarter. GAMMA Investing LLC now owns 479 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 190 shares in the last quarter. Strs Ohio bought a new position in shares of Walker & Dunlop in the first quarter worth $51,000. CWM LLC increased its position in shares of Walker & Dunlop by 261.6% in the third quarter. CWM LLC now owns 1,338 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 968 shares during the period. Finally, Vanguard Personalized Indexing Management LLC raised its stake in Walker & Dunlop by 18.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,905 shares of the financial services provider’s stock valued at $205,000 after purchasing an additional 459 shares in the last quarter. Institutional investors and hedge funds own 80.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Walker & Dunlop in a research note on Monday, December 29th. Jefferies Financial Group assumed coverage on shares of Walker & Dunlop in a research report on Friday, December 19th. They set a “buy” rating and a $75.00 price target on the stock. Wall Street Zen downgraded shares of Walker & Dunlop from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Citigroup restated a “market outperform” rating on shares of Walker & Dunlop in a research note on Friday, December 5th. Finally, Citizens Jmp upgraded Walker & Dunlop from a “market perform” rating to an “outperform” rating and set a $95.00 price target on the stock in a research note on Friday, October 10th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $90.40.

Walker & Dunlop Stock Down 0.1%

Shares of WD stock opened at $60.66 on Thursday. Walker & Dunlop, Inc. has a twelve month low of $58.60 and a twelve month high of $97.70. The stock’s fifty day simple moving average is $64.62 and its 200 day simple moving average is $74.86. The firm has a market capitalization of $2.07 billion, a P/E ratio of 18.00 and a beta of 1.56.

Walker & Dunlop (NYSE:WD) last posted its earnings results on Thursday, November 6th. The financial services provider reported $1.22 EPS for the quarter, beating the consensus estimate of $1.21 by $0.01. The firm had revenue of $337.68 million during the quarter, compared to the consensus estimate of $325.10 million. Walker & Dunlop had a return on equity of 8.85% and a net margin of 9.31%.The business’s quarterly revenue was up 15.5% on a year-over-year basis. During the same period last year, the company earned $1.19 earnings per share. As a group, equities research analysts expect that Walker & Dunlop, Inc. will post 4.97 EPS for the current fiscal year.

Walker & Dunlop Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 21st were given a dividend of $0.67 per share. The ex-dividend date was Friday, November 21st. This represents a $2.68 annualized dividend and a yield of 4.4%. Walker & Dunlop’s dividend payout ratio (DPR) is currently 79.53%.

Walker & Dunlop Company Profile

Walker & Dunlop is one of the largest providers of commercial real estate finance in the United States, specializing in the origination, servicing and sale of loans secured by multifamily, seniors housing, healthcare, student housing and manufactured housing properties. The firm offers a full suite of debt and equity solutions, including agency financing through Fannie Mae and Freddie Mac, HUD and FHA-insured loans, bridge and construction financing, mezzanine debt, preferred equity, and investment sales advisory.

With roots dating back to 1937 and its headquarters in Bethesda, Maryland, Walker & Dunlop has expanded its platform through both organic growth and strategic acquisitions.