Shares of Walker & Dunlop, Inc. (NYSE:WD – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the seven research firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $79.20.
Several equities research analysts have weighed in on WD shares. Wall Street Zen upgraded shares of Walker & Dunlop from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Stephens initiated coverage on shares of Walker & Dunlop in a research report on Thursday, April 23rd. They set an “overweight” rating and a $69.00 target price on the stock. Weiss Ratings raised shares of Walker & Dunlop from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, June 30th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Walker & Dunlop from $65.00 to $67.00 and gave the company an “outperform” rating in a report on Friday, May 8th.
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Walker & Dunlop Stock Down 2.3%
Walker & Dunlop Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were issued a dividend of $0.68 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $2.72 annualized dividend and a yield of 5.4%. Walker & Dunlop’s dividend payout ratio is currently 134.65%.
Institutional Investors Weigh In On Walker & Dunlop
Several hedge funds and other institutional investors have recently made changes to their positions in WD. Handelsbanken Fonder AB raised its position in shares of Walker & Dunlop by 10.6% during the second quarter. Handelsbanken Fonder AB now owns 10,451 shares of the financial services provider’s stock worth $572,000 after acquiring an additional 1,000 shares during the last quarter. Spinnaker Investment Group LLC bought a new position in Walker & Dunlop in the second quarter valued at about $699,000. GAMMA Investing LLC boosted its holdings in Walker & Dunlop by 42.2% in the second quarter. GAMMA Investing LLC now owns 2,003 shares of the financial services provider’s stock valued at $110,000 after acquiring an additional 594 shares during the last quarter. Versant Capital Management Inc increased its position in Walker & Dunlop by 929.2% in the second quarter. Versant Capital Management Inc now owns 988 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 892 shares during the period. Finally, Essential Partners LLC increased its position in Walker & Dunlop by 709.1% in the first quarter. Essential Partners LLC now owns 623 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 546 shares during the period. 80.97% of the stock is owned by institutional investors and hedge funds.
About Walker & Dunlop
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.
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