PDT Partners LLC Invests $2.18 Million in Walker & Dunlop, Inc. $WD

PDT Partners LLC purchased a new position in shares of Walker & Dunlop, Inc. (NYSE:WD - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 39,922 shares of the financial services provider's stock, valued at approximately $2,184,000. PDT Partners LLC owned 0.12% of Walker & Dunlop at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its position in 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 buying an additional 301 shares during the last quarter. Essential Partners LLC boosted its holdings in shares of Walker & Dunlop by 709.1% in the first quarter. Essential Partners LLC now owns 623 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 546 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Walker & Dunlop in the second quarter valued at about $35,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Walker & Dunlop by 1,398.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 734 shares of the financial services provider's stock worth $44,000 after acquiring an additional 685 shares during the period. Finally, Strs Ohio acquired a new position in shares of Walker & Dunlop during the first quarter worth about $51,000. 80.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WD has been the subject of a number of recent analyst reports. Citigroup restated a "market outperform" rating on shares of Walker & Dunlop in a research report on Tuesday, August 18th. Citizens Jmp dropped their target price on Walker & Dunlop from $70.00 to $55.00 and set a "market outperform" rating on the stock in a research report on Tuesday, August 18th. Keefe, Bruyette & Woods cut their target price 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 cut Walker & Dunlop from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, August 18th. Finally, Wall Street Zen downgraded Walker & Dunlop from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. Five investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Walker & Dunlop presently has a consensus rating of "Moderate Buy" and an average target price of $64.00.

Walker & Dunlop Stock Down 1.2%

Shares of WD opened at $40.22 on Thursday. The company has a 50-day simple moving average of $48.23 and a 200-day simple moving average of $50.01. The company has a market capitalization of $1.38 billion, a PE ratio of 35.91 and a beta of 1.49. 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 quarterly earnings data on Thursday, August 6th. The financial services provider reported $1.19 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.29. Walker & Dunlop had a net margin of 2.94% and a return on equity of 7.25%. The firm had revenue of $306.69 million for the quarter, compared to the consensus estimate of $337.37 million. During the same quarter in the previous year, the firm earned $1.15 earnings per share. The firm's revenue was down 3.9% on a year-over-year basis.

Walker & Dunlop Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders 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 dividend yield of 6.8%. The ex-dividend date is Thursday, August 20th. Walker & Dunlop's dividend payout ratio (DPR) is presently 242.86%.

Walker & Dunlop 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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