Sequoia Financial Advisors LLC Makes New Investment in Walker & Dunlop, Inc. (NYSE:WD)

Sequoia Financial Advisors LLC purchased a new position in Walker & Dunlop, Inc. (NYSE:WD - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 261,980 shares of the financial services provider's stock, valued at approximately $22,363,000. Sequoia Financial Advisors LLC owned about 0.77% of Walker & Dunlop at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Principal Financial Group Inc. increased its position in Walker & Dunlop by 3.0% during the fourth quarter. Principal Financial Group Inc. now owns 156,264 shares of the financial services provider's stock valued at $15,190,000 after acquiring an additional 4,580 shares during the last quarter. Truist Financial Corp increased its position in Walker & Dunlop by 489.2% during the fourth quarter. Truist Financial Corp now owns 12,185 shares of the financial services provider's stock valued at $1,184,000 after acquiring an additional 10,117 shares during the last quarter. New York State Common Retirement Fund increased its position in Walker & Dunlop by 137.5% during the fourth quarter. New York State Common Retirement Fund now owns 23,676 shares of the financial services provider's stock valued at $2,302,000 after acquiring an additional 13,708 shares during the last quarter. Handelsbanken Fonder AB increased its position in Walker & Dunlop by 14.0% during the fourth quarter. Handelsbanken Fonder AB now owns 7,351 shares of the financial services provider's stock valued at $715,000 after acquiring an additional 900 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Walker & Dunlop by 1.2% during the fourth quarter. Bank of New York Mellon Corp now owns 348,456 shares of the financial services provider's stock valued at $33,873,000 after acquiring an additional 4,152 shares during the last quarter. Hedge funds and other institutional investors own 80.97% of the company's stock.

Walker & Dunlop Price Performance

Walker & Dunlop stock traded up $0.24 during mid-day trading on Friday, reaching $70.56. 962,980 shares of the stock traded hands, compared to its average volume of 207,319. The business's 50-day moving average is $70.87 and its 200-day moving average is $82.53. The stock has a market capitalization of $2.40 billion, a PE ratio of 24.16 and a beta of 1.57. Walker & Dunlop, Inc. has a 12-month low of $64.48 and a 12-month high of $118.19.

Walker & Dunlop (NYSE:WD - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The financial services provider reported $0.85 EPS 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 analysts' expectations of $260.43 million. Walker & Dunlop had a return on equity of 8.99% and a net margin of 8.68%. The business's quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.35 EPS. Equities analysts anticipate that Walker & Dunlop, Inc. will post 4.97 EPS for the current fiscal year.

Walker & Dunlop Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date of this dividend was Thursday, May 15th. Walker & Dunlop's payout ratio is 91.78%.

Analyst Upgrades and Downgrades

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

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.