Amundi Lowers Stock Holdings in Walker & Dunlop, Inc. $WD

Key Points

• Amundi cut its Walker & Dunlop stake by 83.6% in the first quarter, selling 27,926 shares and retaining 5,464 shares valued at approximately $242,000. Institutional investors collectively own 80.97% of the company.
• Walker & Dunlop reported quarterly EPS of $1.19, beating estimates of $0.90, while revenue of $306.69 million missed expectations and declined 3.9% year over year.
• The company declared a quarterly dividend of $0.68 per share, representing a 6.4% annualized yield, but its payout ratio is elevated at 242.86%. Analysts maintain a “Moderate Buy” consensus with an average price target of $74, compared with a recent share price of $42.73.

Amundi reduced its position in Walker & Dunlop, Inc. (NYSE:WD - Free Report) by 83.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,464 shares of the financial services provider's stock after selling 27,926 shares during the quarter. Amundi's holdings in Walker & Dunlop were worth $242,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of WD. Flagship Harbor Advisors LLC bought a new stake in Walker & Dunlop during the 4th quarter worth approximately $25,000. EverSource Wealth Advisors LLC grew its position 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 valued at $26,000 after purchasing an additional 301 shares in the last quarter. Strs Ohio bought a new position in shares of Walker & Dunlop in the first quarter worth $51,000. Caitong International Asset Management Co. Ltd increased 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 purchasing an additional 685 shares during the period. Finally, Huntington National Bank raised its position in shares of Walker & Dunlop by 47.9% in the fourth quarter. Huntington National Bank now owns 865 shares of the financial services provider's stock worth $52,000 after buying an additional 280 shares in the last quarter. Hedge funds and other institutional investors own 80.97% of the company's stock.

Walker & Dunlop Stock Up 1.0%

Shares of WD stock opened at $42.73 on Friday. The business has a 50-day moving average price of $50.25 and a two-hundred day moving average price of $51.45. Walker & Dunlop, Inc. has a 12-month low of $41.38 and a 12-month high of $90.00. The firm has a market cap of $1.47 billion, a P/E ratio of 38.15 and a beta of 1.49.

Walker & Dunlop (NYSE:WD - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $306.69 million for the quarter, compared to analyst estimates of $337.37 million. Walker & Dunlop had a return on equity of 7.25% and a net margin of 2.94%.The company's revenue was down 3.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.15 EPS.

Walker & Dunlop Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date is Thursday, August 20th. Walker & Dunlop's dividend payout ratio (DPR) is presently 242.86%.

Analyst Ratings Changes

WD has been the subject of several research analyst reports. Keefe, Bruyette & Woods dropped their price objective on Walker & Dunlop from $63.00 to $57.00 and set an "outperform" rating for the company in a research note on Friday, August 7th. Weiss Ratings upgraded Walker & Dunlop from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, August 4th. Stephens began coverage on Walker & Dunlop in a report on Thursday, April 23rd. They issued an "overweight" rating and a $69.00 price target on the stock. Finally, Wall Street Zen downgraded Walker & Dunlop from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $74.00.

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.

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