Intech Investment Management LLC Sells 5,715 Shares of Walker & Dunlop, Inc. $WD

Key Points

• Intech Investment Management LLC reduced its stake in Walker & Dunlop, Inc. by 13.8%, holding 35,613 shares valued at approximately $3,040,000, according to recent SEC filings.
• Walker & Dunlop's stock has a consensus rating of "Buy" with an average price target of $92.50, following various research reports signaling a shift from a "strong sell" to a "hold" rating.
• The company reported $1.15 EPS, below the consensus estimate of $1.29, despite a 17.9% year-over-year revenue increase to $319.24 million in its last earnings report.

Intech Investment Management LLC cut its holdings in shares of Walker & Dunlop, Inc. (NYSE:WD - Free Report) by 13.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,613 shares of the financial services provider's stock after selling 5,715 shares during the period. Intech Investment Management LLC owned approximately 0.10% of Walker & Dunlop worth $3,040,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Horizon Advisors Inc. acquired a new stake in shares of Walker & Dunlop in the first quarter valued at about $27,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Walker & Dunlop in the first quarter valued at about $32,000. Versant Capital Management Inc increased its position in shares of 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 acquiring an additional 182 shares during the last quarter. Parallel Advisors LLC increased its position in shares of Walker & Dunlop by 122.0% in the first quarter. Parallel Advisors LLC now owns 444 shares of the financial services provider's stock valued at $38,000 after acquiring an additional 244 shares during the last quarter. Finally, National Bank of Canada FI increased its position in shares of Walker & Dunlop by 81.9% in the first quarter. National Bank of Canada FI now owns 724 shares of the financial services provider's stock valued at $62,000 after acquiring an additional 326 shares during the last quarter. Institutional investors and hedge funds own 80.97% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Wall Street Zen upgraded Walker & Dunlop from a "strong sell" rating to a "hold" rating in a report on Saturday, August 9th. Wedbush restated a "neutral" rating and set a $90.00 price objective on shares of Walker & Dunlop in a report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $92.50.

Walker & Dunlop Trading Up 0.0%

Shares of WD stock traded up $0.01 during trading hours on Tuesday, hitting $85.09. 187,426 shares of the company were exchanged, compared to its average volume of 206,578. The firm has a fifty day simple moving average of $80.59 and a 200 day simple moving average of $77.16. Walker & Dunlop, Inc. has a 52-week low of $64.48 and a 52-week high of $118.19. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of 26.26 and a beta of 1.59.

Walker & Dunlop (NYSE:WD - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The financial services provider reported $1.15 EPS for the quarter, missing analysts' consensus estimates of $1.29 by ($0.14). Walker & Dunlop had a net margin of 9.27% and a return on equity of 8.81%. The firm had revenue of $319.24 million for the quarter, compared to analysts' expectations of $275.84 million. During the same quarter last year, the firm earned $1.23 earnings per share. The firm's revenue for the quarter was up 17.9% on a year-over-year basis. Sell-side analysts anticipate that Walker & Dunlop, Inc. will post 4.97 EPS for the current year.

Walker & Dunlop Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Thursday, August 21st were given a dividend of $0.67 per share. The ex-dividend date was Thursday, August 21st. This represents a $2.68 annualized dividend and a dividend yield of 3.1%. Walker & Dunlop's payout ratio is currently 82.72%.

Insider Activity

In other Walker & Dunlop news, EVP Paula A. Pryor sold 5,336 shares of the company's stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $86.20, for a total value of $459,963.20. Following the sale, the executive vice president owned 9,341 shares in the company, valued at approximately $805,194.20. This represents a 36.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.66% of the stock is owned by corporate insiders.

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.