68,840 Shares in Walker & Dunlop, Inc. $WD Bought by Algert Global LLC

Algert Global LLC purchased a new stake in shares of Walker & Dunlop, Inc. (NYSE:WD - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 68,840 shares of the financial services provider's stock, valued at approximately $3,766,000. Algert Global LLC owned about 0.20% of Walker & Dunlop at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WD. EverSource Wealth Advisors LLC lifted its holdings 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 acquiring an additional 301 shares during the last quarter. Strs Ohio purchased a new stake in Walker & Dunlop during the 1st quarter valued at approximately $51,000. Essential Partners LLC raised 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 period. Quantbot Technologies LP purchased a new stake in shares of Walker & Dunlop in the 2nd quarter worth $35,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of Walker & Dunlop by 1,398.0% during 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. Hedge funds and other institutional investors own 80.97% of the company's stock.

Walker & Dunlop Stock Up 3.4%

Walker & Dunlop stock opened at $41.64 on Friday. The stock has a market cap of $1.43 billion, a P/E ratio of 37.18 and a beta of 1.49. The company's 50 day moving average price is $47.80 and its two-hundred day moving average price is $49.79. Walker & Dunlop, Inc. has a 52 week low of $39.01 and a 52 week high of $90.00.

Walker & Dunlop (NYSE:WD - Get Free Report) last released its earnings results on Thursday, August 6th. The financial services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $0.90 by $0.29. The company had revenue of $306.69 million for the quarter, compared to analyst estimates of $337.37 million. Walker & Dunlop had a net margin of 2.94% and a return on equity of 7.25%. The firm's quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.15 EPS.

Walker & Dunlop Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend is Thursday, August 20th. Walker & Dunlop's dividend payout ratio (DPR) is presently 242.86%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on WD shares. Weiss Ratings cut Walker & Dunlop from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, August 18th. Keefe, Bruyette & Woods cut their target price on shares of Walker & Dunlop from $63.00 to $57.00 and set an "outperform" rating for the company in a research note 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 note on Tuesday, August 18th. Wall Street Zen downgraded Walker & Dunlop from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. Finally, Citigroup restated a "market outperform" rating on shares of Walker & Dunlop in a report on Tuesday, August 18th. Five research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Walker & Dunlop currently has a consensus rating of "Moderate Buy" and a consensus target price of $64.00.

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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