RPg Family Wealth Advisory LLC Purchases New Shares in Walker & Dunlop, Inc. $WD

RPg Family Wealth Advisory LLC bought a new stake in shares of Walker & Dunlop, Inc. (NYSE:WD) during the 3rd quarter, HoldingsChannel.com reports. The firm bought 10,680 shares of the financial services provider’s stock, valued at approximately $893,000.

Several other hedge funds and other institutional investors have also modified their holdings of WD. Allworth Financial LP raised its position in Walker & Dunlop by 115.8% during the second quarter. Allworth Financial LP now owns 479 shares of the financial services provider’s stock valued at $34,000 after buying an additional 257 shares during the period. GAMMA Investing LLC increased its holdings in shares of Walker & Dunlop by 65.7% in the 3rd quarter. GAMMA Investing LLC now owns 479 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 190 shares during the period. Huntington National Bank lifted its position in shares of Walker & Dunlop by 49.6% in the third quarter. Huntington National Bank now owns 585 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 194 shares in the last quarter. Strs Ohio acquired a new stake in shares of Walker & Dunlop during the first quarter worth approximately $51,000. Finally, CWM LLC grew its position in Walker & Dunlop by 261.6% during the third quarter. CWM LLC now owns 1,338 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 968 shares in the last quarter. Institutional investors and hedge funds own 80.97% of the company’s stock.

Walker & Dunlop Stock Up 1.9%

NYSE WD opened at $48.53 on Wednesday. Walker & Dunlop, Inc. has a twelve month low of $42.12 and a twelve month high of $90.00. The stock has a market cap of $1.65 billion, a P/E ratio of 29.59 and a beta of 1.57. The company’s 50-day simple moving average is $61.42 and its 200 day simple moving average is $71.10.

Walker & Dunlop (NYSE:WD) last released its quarterly earnings data on Thursday, February 26th. The financial services provider reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $1.46 by ($1.18). Walker & Dunlop had a net margin of 4.56% and a return on equity of 6.81%. The company had revenue of $340.02 million for the quarter, compared to analyst estimates of $343.66 million. During the same period in the previous year, the firm posted $1.32 earnings per share. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. Research analysts anticipate that Walker & Dunlop, Inc. will post 4.97 earnings per share for the current year.

Walker & Dunlop Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 5.6%. This is a positive change from Walker & Dunlop’s previous quarterly dividend of $0.67. The ex-dividend date is Friday, March 13th. Walker & Dunlop’s dividend payout ratio (DPR) is currently 163.41%.

Analyst Upgrades and Downgrades

WD has been the topic of a number of research reports. Keefe, Bruyette & Woods dropped their price target on shares of Walker & Dunlop from $80.00 to $65.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. Wall Street Zen cut shares of Walker & Dunlop from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Weiss Ratings reissued a “hold (c-)” rating on shares of Walker & Dunlop in a report on Monday, December 29th. Citigroup reissued a “market outperform” rating on shares of Walker & Dunlop in a research report on Friday, December 5th. Finally, Jefferies Financial Group started coverage on shares of Walker & Dunlop in a research report on Friday, December 19th. They set a “buy” rating and a $75.00 target price on the stock. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Walker & Dunlop has an average rating of “Moderate Buy” and an average price target of $81.25.

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.