Renaissance Technologies LLC trimmed its position in shares of Walker & Dunlop, Inc. (NYSE:WD – Free Report) by 56.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,500 shares of the financial services provider’s stock after selling 54,300 shares during the period. Renaissance Technologies LLC owned 0.12% of Walker & Dunlop worth $1,842,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Flagship Harbor Advisors LLC purchased a new stake in Walker & Dunlop in the 4th quarter worth $25,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Walker & Dunlop by 1,398.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 734 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 685 shares in the last quarter. Strs Ohio purchased a new position in shares of Walker & Dunlop in the first quarter valued at about $51,000. Huntington National Bank boosted its stake in shares of Walker & Dunlop by 47.9% in the fourth quarter. Huntington National Bank now owns 865 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 280 shares during the period. Finally, Empowered Funds LLC bought a new position in shares of Walker & Dunlop in the fourth quarter worth about $62,000. Institutional investors own 80.97% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the company. Wall Street Zen cut Walker & Dunlop from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings raised Walker & Dunlop from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 4th. Stephens started coverage on Walker & Dunlop in a research note on Thursday, April 23rd. They issued an “overweight” rating and a $69.00 price target for the company. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Walker & Dunlop from $63.00 to $57.00 and set an “outperform” rating for the company in a report on Friday, August 7th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $77.20.
Walker & Dunlop Stock Down 0.9%
Shares of WD stock opened at $42.97 on Wednesday. The company’s fifty day simple moving average is $50.54 and its two-hundred day simple moving average is $51.76. Walker & Dunlop, Inc. has a 52 week low of $41.38 and a 52 week high of $90.00. The stock has a market cap of $1.48 billion, a P/E ratio of 38.37 and a beta of 1.49.
Walker & Dunlop (NYSE:WD – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The financial services provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.29. Walker & Dunlop had a return on equity of 7.25% and a net margin of 2.94%.The firm had revenue of $306.69 million during the quarter, compared to analyst estimates of $337.37 million. During the same quarter last year, the business posted $1.15 earnings per share. The business’s quarterly revenue was down 3.9% compared to the same quarter last year.
Walker & Dunlop Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be paid a dividend of $0.68 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $2.72 dividend on an annualized basis and a yield of 6.3%. Walker & Dunlop’s dividend payout ratio is presently 242.86%.
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.
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