NorthCrest Asset Manangement LLC Acquires Shares of 3,683 Walker & Dunlop, Inc. (NYSE:WD)

NorthCrest Asset Manangement LLC purchased a new stake in Walker & Dunlop, Inc. (NYSE:WD - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,683 shares of the financial services provider's stock, valued at approximately $314,000.

Several other large investors have also recently modified their holdings of WD. Sterling Capital Management LLC raised its holdings in Walker & Dunlop by 456.4% during the 4th quarter. Sterling Capital Management LLC now owns 306 shares of the financial services provider's stock worth $30,000 after purchasing an additional 251 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Walker & Dunlop by 90.5% during the first quarter. Versant Capital Management Inc now owns 383 shares of the financial services provider's stock worth $33,000 after buying an additional 182 shares during the period. Parallel Advisors LLC increased its position in shares of Walker & Dunlop by 122.0% during the first quarter. Parallel Advisors LLC now owns 444 shares of the financial services provider's stock worth $38,000 after buying an additional 244 shares during the period. Smartleaf Asset Management LLC raised its stake in Walker & Dunlop by 230.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 751 shares of the financial services provider's stock worth $72,000 after buying an additional 524 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Walker & Dunlop by 26.1% in the first quarter. GAMMA Investing LLC now owns 764 shares of the financial services provider's stock valued at $65,000 after buying an additional 158 shares during the period. Institutional investors own 80.97% of the company's stock.

Walker & Dunlop Stock Up 1.0%

NYSE:WD traded up $0.67 on Thursday, hitting $66.67. The stock had a trading volume of 358,811 shares, compared to its average volume of 206,309. Walker & Dunlop, Inc. has a 52 week low of $64.48 and a 52 week high of $118.19. The business's fifty day moving average is $71.54 and its 200 day moving average is $84.77. The company has a market cap of $2.27 billion, a PE ratio of 22.83 and a beta of 1.56.

Walker & Dunlop (NYSE:WD - Get Free Report) last issued its earnings results on Thursday, May 1st. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.98 by ($0.13). The firm had revenue of $237.37 million during the quarter, compared to the consensus estimate of $260.43 million. Walker & Dunlop had a return on equity of 8.99% and a net margin of 8.68%. Walker & Dunlop's revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.35 earnings per share. Equities analysts predict that Walker & Dunlop, Inc. will post 4.97 earnings per share for the current fiscal year.

Walker & Dunlop Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were given a $0.67 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.68 annualized dividend and a yield of 4.02%. Walker & Dunlop's payout ratio is 91.78%.

Wall Street Analyst Weigh In

WD has been the subject of several research analyst reports. Wall Street Zen lowered Walker & Dunlop from a "hold" rating to a "sell" rating in a research report on Tuesday, May 6th. Keefe, Bruyette & Woods dropped their target price on shares of Walker & Dunlop from $105.00 to $95.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th.

Walker & Dunlop Company Profile

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.