Erste Asset Management GmbH Has $12.80 Million Stock Holdings in Walker & Dunlop, Inc. $WD

Key Points

• Erste Asset Management GmbH reduced its stake in Walker & Dunlop, Inc. by 16.1%, selling 28,760 shares and now holding 150,000 shares worth approximately $12.8 million.
• Walker & Dunlop recently reported quarterly earnings of $1.15 per share, which missed analysts' expectations, while also experiencing a 17.9% year-over-year revenue increase, totaling $319.24 million.
• A quarterly dividend of $0.67 has been announced, representing an annual yield of 3.2%, with payment scheduled for September 5th, 2023.

Erste Asset Management GmbH decreased its holdings in shares of Walker & Dunlop, Inc. (NYSE:WD - Free Report) by 16.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 150,000 shares of the financial services provider's stock after selling 28,760 shares during the period. Erste Asset Management GmbH owned approximately 0.44% of Walker & Dunlop worth $12,804,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in WD. Sequoia Financial Advisors LLC purchased a new stake in Walker & Dunlop during the first quarter valued at about $22,363,000. Royce & Associates LP lifted its position in shares of Walker & Dunlop by 257.2% in the first quarter. Royce & Associates LP now owns 282,688 shares of the financial services provider's stock worth $24,130,000 after purchasing an additional 203,542 shares in the last quarter. Tributary Capital Management LLC bought a new position in Walker & Dunlop during the first quarter valued at approximately $12,111,000. Nuveen LLC bought a new position in Walker & Dunlop during the first quarter valued at approximately $11,170,000. Finally, GAMMA Investing LLC raised its position in Walker & Dunlop by 10,661.6% during the first quarter. GAMMA Investing LLC now owns 65,215 shares of the financial services provider's stock valued at $5,567,000 after acquiring an additional 64,609 shares in the last quarter. Institutional investors own 80.97% of the company's stock.

Walker & Dunlop Price Performance

Shares of Walker & Dunlop stock traded up $0.07 during trading on Tuesday, hitting $86.68. 29,605 shares of the company were exchanged, compared to its average volume of 241,523. The firm has a market capitalization of $2.95 billion, a P/E ratio of 26.75 and a beta of 1.57. Walker & Dunlop, Inc. has a 1-year low of $64.48 and a 1-year high of $118.19. The firm's fifty day moving average price is $75.84 and its 200 day moving average price is $77.23.

Walker & Dunlop (NYSE:WD - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The financial services provider reported $1.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by ($0.14). Walker & Dunlop had a net margin of 9.27% and a return on equity of 8.81%. The business had revenue of $319.24 million during the quarter, compared to analyst estimates of $275.84 million. During the same quarter in the prior year, the firm posted $1.23 earnings per share. Walker & Dunlop's revenue for the quarter was up 17.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Walker & Dunlop, Inc. will post 4.97 earnings per share for the current year.

Walker & Dunlop Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Thursday, August 21st will be paid a dividend of $0.67 per share. The ex-dividend date is Thursday, August 21st. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.1%. Walker & Dunlop's dividend payout ratio is currently 82.72%.

Analysts Set New Price Targets

Several brokerages have commented on WD. Wall Street Zen upgraded Walker & Dunlop from a "strong sell" rating to a "hold" rating in a report on Saturday, August 9th. Wedbush restated a "neutral" rating and issued a $90.00 price objective on shares of Walker & Dunlop in a research note on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Walker & Dunlop presently has an average rating of "Buy" and a consensus price target of $92.50.

About Walker & Dunlop

Walker & Dunlop, Inc is a holding company, which engages in the provision of commercial real estate and finance services. It operates through the following segments: Capital Markets, Servicing and Asset Management, and Corporate. The Capital Markets segment offers a comprehensive range of commercial real estate finance products to customers.