Walker & Dunlop, Inc. (NYSE:WD) to Issue Quarterly Dividend of $0.68

Walker & Dunlop, Inc. (NYSE:WD) announced a quarterly dividend on Wednesday, August 5th. Shareholders of record on Thursday, August 20th will be given a dividend of 0.68 per share by the financial services provider on Thursday, September 3rd. This represents a c) dividend on an annualized basis and a yield of 6.1%. The ex-dividend date is Thursday, August 20th.

Walker & Dunlop has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 7 consecutive years. Walker & Dunlop has a dividend payout ratio of 61.5% meaning its dividend is sufficiently covered by earnings.

Walker & Dunlop Stock Down 13.9%

Walker & Dunlop stock traded down $7.15 on Thursday, hitting $44.24. The company’s stock had a trading volume of 1,582,016 shares, compared to its average volume of 331,039. Walker & Dunlop has a one year low of $41.38 and a one year high of $90.00. The firm has a market cap of $1.52 billion, a P/E ratio of 21.90 and a beta of 1.49. The company has a fifty day moving average price of $51.02 and a 200-day moving average price of $52.34.

Walker & Dunlop (NYSE:WD) last issued its earnings results on Thursday, August 6th. The financial services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.29. Walker & Dunlop had a net margin of 5.29% and a return on equity of 7.18%. The business had revenue of $306.69 million for the quarter, compared to analyst estimates of $337.37 million. During the same period in the previous year, the business earned $1.15 EPS. The firm’s revenue was down 3.9% on a year-over-year basis.

Institutional Trading of Walker & Dunlop

Several large investors have recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC bought a new position in shares of Walker & Dunlop in the fourth quarter valued at approximately $25,000. EverSource Wealth Advisors LLC grew its position in Walker & Dunlop by 107.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 580 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 301 shares during the last quarter. Strs Ohio bought a new stake in Walker & Dunlop during the 1st quarter worth approximately $51,000. Essential Partners LLC increased its holdings in Walker & Dunlop by 709.1% during the 1st quarter. Essential Partners LLC now owns 623 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 546 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its position in Walker & Dunlop by 1,398.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 734 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 685 shares during the last quarter. 80.97% of the stock is owned by institutional investors.

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.