Legal & General Group Plc bought a new stake in shares of Walker & Dunlop, Inc. (NYSE:WD – Free Report) in the second quarter, Holdings Channel.com reports. The fund bought 78,931 shares of the financial services provider’s stock, valued at approximately $4,318,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Royal Bank of Canada raised its stake in shares of Walker & Dunlop by 41.4% in the first quarter. Royal Bank of Canada now owns 8,196 shares of the financial services provider’s stock worth $699,000 after purchasing an additional 2,399 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Walker & Dunlop by 17.5% during the 1st quarter. AQR Capital Management LLC now owns 3,702 shares of the financial services provider’s stock worth $316,000 after purchasing an additional 552 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Walker & Dunlop by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,115 shares of the financial services provider’s stock valued at $1,632,000 after purchasing an additional 823 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Walker & Dunlop by 7.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 107,730 shares of the financial services provider’s stock worth $9,196,000 after purchasing an additional 7,470 shares during the period. Finally, Jane Street Group LLC lifted its stake in Walker & Dunlop by 1,136.3% during the 1st quarter. Jane Street Group LLC now owns 62,497 shares of the financial services provider’s stock worth $5,335,000 after acquiring an additional 57,442 shares in the last quarter. 80.97% of the stock is currently owned by hedge funds and other institutional investors.
Walker & Dunlop Price Performance
Shares of Walker & Dunlop stock opened at $42.69 on Friday. The company has a market capitalization of $1.47 billion, a PE ratio of 38.12 and a beta of 1.45. The business has a 50-day moving average of $46.63 and a 200-day moving average of $49.05. Walker & Dunlop, Inc. has a 1-year low of $39.01 and a 1-year high of $90.00.
Walker & Dunlop Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th were given a $0.68 dividend. The ex-dividend date was Thursday, August 20th. This represents a $2.72 annualized dividend and a dividend yield of 6.4%. Walker & Dunlop’s dividend payout ratio (DPR) is presently 242.86%.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on WD. Citizens Jmp reduced their price target on shares of Walker & Dunlop from $70.00 to $55.00 and set a “market outperform” rating for the company in a research report on Tuesday, August 18th. Citigroup reiterated a “market outperform” rating on shares of Walker & Dunlop in a research report on Tuesday, August 18th. Keefe, Bruyette & Woods decreased their price target on shares of Walker & Dunlop from $63.00 to $57.00 and set an “outperform” rating on the stock in a research note on Friday, August 7th. Wall Street Zen raised shares of Walker & Dunlop from a “sell” rating to a “hold” rating in a research note on Saturday, August 29th. Finally, Weiss Ratings downgraded shares of Walker & Dunlop from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 18th. Five analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Walker & Dunlop has an average rating of “Moderate Buy” and a consensus target price of $64.00.
Read Our Latest Analysis on WD
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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