PDT Partners LLC Buys Shares of 39,922 Walker & Dunlop, Inc. $WD

PDT Partners LLC bought a new position in shares of Walker & Dunlop, Inc. (NYSE:WD) in the second quarter, HoldingsChannel reports. The firm bought 39,922 shares of the financial services provider’s stock, valued at approximately $2,184,000.

Several other institutional investors and hedge funds also recently modified their holdings of WD. EverSource Wealth Advisors LLC increased its stake in shares of 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 purchasing an additional 301 shares in the last quarter. Strs Ohio acquired a new stake in Walker & Dunlop during the 1st quarter valued at $51,000. Essential Partners LLC grew 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 buying an additional 546 shares during the last quarter. Quantbot Technologies LP purchased a new position in Walker & Dunlop during the second quarter worth $35,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings 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 worth $44,000 after acquiring an additional 685 shares during the last quarter. Hedge funds and other institutional investors own 80.97% of the company’s stock.

Wall Street Analyst Weigh In

WD has been the topic of a number of analyst reports. Keefe, Bruyette & Woods decreased their price objective on Walker & Dunlop from $63.00 to $57.00 and set an “outperform” rating on the stock in a research note on Friday, August 7th. Weiss Ratings lowered shares of Walker & Dunlop from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 18th. Citigroup reaffirmed a “market outperform” rating on shares of Walker & Dunlop in a research note on Tuesday, August 18th. Citizens Jmp cut their price objective 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. Finally, Wall Street Zen downgraded shares of Walker & Dunlop from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Five research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $64.00.

Walker & Dunlop Price Performance

WD opened at $40.22 on Thursday. Walker & Dunlop, Inc. has a 12 month low of $39.01 and a 12 month high of $90.00. The business has a 50-day moving average of $48.23 and a two-hundred day moving average of $50.01. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 35.91 and a beta of 1.49.

Walker & Dunlop (NYSE:WD) last announced its quarterly earnings data on Thursday, August 6th. The financial services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.29. Walker & Dunlop had a net margin of 2.94% and a return on equity of 7.25%. 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 prior year, the firm posted $1.15 EPS. The company’s revenue was down 3.9% on a year-over-year basis.

Walker & Dunlop Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $2.72 annualized dividend and a yield of 6.8%. Walker & Dunlop’s dividend payout ratio is 242.86%.

Walker & Dunlop 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.