NorthCrest Asset Manangement LLC Takes $314,000 Position in Walker & Dunlop, Inc. (NYSE:WD)

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

Several other institutional investors and hedge funds have also modified their holdings of the business. Sterling Capital Management LLC lifted its position in shares of Walker & Dunlop by 456.4% during the 4th quarter. Sterling Capital Management LLC now owns 306 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 251 shares during the period. Versant Capital Management Inc raised its stake in Walker & Dunlop by 90.5% in the first quarter. Versant Capital Management Inc now owns 383 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 182 shares in the last quarter. Parallel Advisors LLC lifted its position in 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 purchasing an additional 244 shares during the period. Smartleaf Asset Management LLC lifted its position 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 purchasing an additional 524 shares during the period. Finally, GAMMA Investing LLC grew its stake in Walker & Dunlop by 26.1% during the first quarter. GAMMA Investing LLC now owns 764 shares of the financial services provider's stock worth $65,000 after buying an additional 158 shares in the last quarter. 80.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Walker & Dunlop Trading Down 0.5%

Walker & Dunlop stock traded down $0.31 during midday trading on Monday, reaching $68.01. The company's stock had a trading volume of 469,159 shares, compared to its average volume of 204,085. The stock has a market cap of $2.31 billion, a PE ratio of 21.32 and a beta of 1.56. Walker & Dunlop, Inc. has a 52 week low of $64.48 and a 52 week high of $118.19. The business has a 50-day moving average price of $72.14 and a 200-day moving average price of $85.33.

Walker & Dunlop (NYSE:WD - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The financial services provider reported $0.85 earnings per share for the quarter, missing analysts' consensus estimates of $0.98 by ($0.13). The company had revenue of $237.37 million during the quarter, compared to analyst estimates of $260.43 million. Walker & Dunlop had a net margin of 9.55% and a return on equity of 9.64%. The company's revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.35 earnings per share. As a group, research analysts predict that Walker & Dunlop, Inc. will post 4.97 EPS for the current fiscal year.

Walker & Dunlop Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were paid a dividend of $0.67 per share. The ex-dividend date was Thursday, May 15th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.94%. Walker & Dunlop's payout ratio is presently 91.78%.

Walker & Dunlop 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.