BlackRock Inc. purchased a new stake in Walker & Dunlop, Inc. (NYSE:WD - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,294,589 shares of the financial services provider's stock, valued at approximately $289,614,000. BlackRock Inc. owned approximately 15.42% of Walker & Dunlop as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Balyasny Asset Management L.P. purchased a new stake in shares of Walker & Dunlop during the 2nd quarter worth approximately $15,147,000. Bank of America Corp DE grew its position in shares of Walker & Dunlop by 75.2% in the 1st quarter. Bank of America Corp DE now owns 477,737 shares of the financial services provider's stock valued at $21,202,000 after buying an additional 204,979 shares during the last quarter. Two Sigma Investments LP raised its stake in Walker & Dunlop by 238.2% during the 3rd quarter. Two Sigma Investments LP now owns 284,067 shares of the financial services provider's stock worth $23,754,000 after acquiring an additional 200,074 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Walker & Dunlop during the 2nd quarter worth $10,454,000. Finally, Deutsche Bank AG purchased a new stake in Walker & Dunlop in the second quarter valued at $8,532,000. Institutional investors and hedge funds own 80.97% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have issued reports on WD. Weiss Ratings lowered Walker & Dunlop from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, August 18th. Keefe, Bruyette & Woods decreased their target price on Walker & Dunlop from $63.00 to $57.00 and set an "outperform" rating for the company in a research report on Friday, August 7th. Citizens Jmp cut their price target on Walker & Dunlop from $70.00 to $55.00 and set a "market outperform" rating on the stock in a research report on Tuesday, August 18th. Wall Street Zen downgraded Walker & Dunlop from a "hold" rating to a "sell" rating in a report on Saturday, August 8th. Finally, Citigroup restated a "market outperform" rating on shares of Walker & Dunlop in a research report on Tuesday, August 18th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $64.00.
Get Our Latest Research Report on WD
Walker & Dunlop Trading Down 1.2%
Shares of WD stock opened at $40.22 on Thursday. The business's 50 day moving average is $48.23 and its two-hundred day moving average is $50.01. Walker & Dunlop, Inc. has a twelve month low of $39.01 and a twelve month high of $90.00. The company has a market capitalization of $1.38 billion, a P/E ratio of 35.91 and a beta of 1.49.
Walker & Dunlop (NYSE:WD - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The financial services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $0.90 by $0.29. Walker & Dunlop had a return on equity of 7.25% and a net margin of 2.94%.The business had revenue of $306.69 million during the quarter, compared to analysts' expectations of $337.37 million. During the same quarter in the prior year, the business earned $1.15 earnings per share. The company's quarterly revenue was down 3.9% compared to the same quarter last year.
Walker & Dunlop Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 6.8%. The ex-dividend date is Thursday, August 20th. Walker & Dunlop's dividend payout ratio (DPR) is 242.86%.
Walker & Dunlop Company Profile
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Free Report)
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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