Walker & Dunlop, Inc. (NYSE:WD) Shares Sold by Thornburg Investment Management Inc.

Key Points

• Thornburg Investment Management Inc. reduced its stake in Walker & Dunlop by 7.2%, now holding approximately 128,814 shares valued at nearly $11 million.
• Walker & Dunlop reported $0.85 EPS for the last quarter, missing expectations, with revenue at $237.37 million compared to estimates of $260.43 million.
• The company announced a quarterly dividend of $0.67 per share, representing an annual yield of 3.51% with a payout ratio of approximately 91.78%.

Thornburg Investment Management Inc. trimmed its holdings in shares of Walker & Dunlop, Inc. (NYSE:WD - Free Report) by 7.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,814 shares of the financial services provider's stock after selling 10,000 shares during the period. Thornburg Investment Management Inc. owned about 0.38% of Walker & Dunlop worth $10,996,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. XTX Topco Ltd acquired a new stake in Walker & Dunlop during the first quarter worth approximately $1,256,000. Mackenzie Financial Corp boosted its position in Walker & Dunlop by 369.8% during the first quarter. Mackenzie Financial Corp now owns 9,692 shares of the financial services provider's stock worth $827,000 after acquiring an additional 7,629 shares during the last quarter. Royce & Associates LP boosted its position in Walker & Dunlop by 257.2% during the first quarter. Royce & Associates LP now owns 282,688 shares of the financial services provider's stock worth $24,130,000 after acquiring an additional 203,542 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Walker & Dunlop during the first quarter worth approximately $372,000. Finally, Allianz Asset Management GmbH boosted its position in Walker & Dunlop by 8.2% during the first quarter. Allianz Asset Management GmbH now owns 27,859 shares of the financial services provider's stock worth $2,378,000 after acquiring an additional 2,100 shares during the last quarter. 80.97% of the stock is owned by hedge funds and other institutional investors.

Walker & Dunlop Price Performance

Walker & Dunlop stock traded down $0.61 during midday trading on Friday, hitting $74.40. 329,629 shares of the stock were exchanged, compared to its average volume of 254,223. Walker & Dunlop, Inc. has a 1 year low of $64.48 and a 1 year high of $118.19. The firm has a market cap of $2.53 billion, a P/E ratio of 25.48 and a beta of 1.57. The company has a 50 day moving average price of $71.55 and a two-hundred day moving average price of $78.96.

Walker & Dunlop (NYSE:WD - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.13). The firm had revenue of $237.37 million for 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% on a year-over-year basis. During the same period last year, the firm earned $0.35 EPS. As a group, analysts predict that Walker & Dunlop, Inc. will post 4.97 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on WD. Keefe, Bruyette & Woods decreased 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. Wall Street Zen lowered shares of Walker & Dunlop from a "hold" rating to a "sell" rating in a research report on Tuesday, May 6th.

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.