Walker & Dunlop, Inc. $WD Shares Acquired by Tributary Capital Management LLC

Key Points

• Tributary Capital Management LLC increased its holdings in Walker & Dunlop, Inc. by 18.6%, owning a total of 168,338 shares valued at approximately $11.86 million.
• Wall Street analysts are optimistic about Walker & Dunlop, with multiple firms raising their ratings and price targets, indicating a consensus "Moderate Buy" with an average price target of $94.25.
• Walker & Dunlop recently declared a quarterly dividend of $0.67 per share, representing an annualized basis of $2.68 and a dividend yield of 3.2%.

Tributary Capital Management LLC increased its position in shares of Walker & Dunlop, Inc. (NYSE:WD - Free Report) by 18.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 168,338 shares of the financial services provider's stock after purchasing an additional 26,456 shares during the quarter. Tributary Capital Management LLC owned 0.50% of Walker & Dunlop worth $11,864,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Horizon Advisors Inc. acquired a new position in Walker & Dunlop during the first quarter worth $27,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Walker & Dunlop in the first quarter worth $32,000. Strs Ohio acquired a new position in shares of Walker & Dunlop in the first quarter worth $51,000. National Bank of Canada FI raised its holdings 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 worth $62,000 after acquiring an additional 326 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Walker & Dunlop by 26.1% in the first quarter. GAMMA Investing LLC now owns 764 shares of the financial services provider's stock worth $65,000 after acquiring an additional 158 shares during the last quarter. 80.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on WD. Citizens Jmp raised Walker & Dunlop from a "market perform" rating to an "outperform" rating and set a $95.00 price target for the company in a report on Friday, October 10th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Walker & Dunlop in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods boosted their price target on Walker & Dunlop from $95.00 to $97.00 and gave the company an "outperform" rating in a research report on Thursday, October 9th. Wall Street Zen raised Walker & Dunlop from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, JMP Securities set a $95.00 price objective on Walker & Dunlop and gave the stock a "market outperform" rating in a research note on Friday, October 10th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $94.25.

Walker & Dunlop Trading Up 1.3%

NYSE:WD opened at $84.31 on Thursday. The firm has a market capitalization of $2.87 billion, a PE ratio of 26.02 and a beta of 1.59. The stock has a 50 day moving average of $84.12 and a 200-day moving average of $76.85. Walker & Dunlop, Inc. has a 52 week low of $64.48 and a 52 week high of $118.19.

Walker & Dunlop (NYSE:WD - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The financial services provider reported $1.15 earnings per share (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 the consensus estimate of $275.84 million. During the same period in the previous year, the business posted $1.23 earnings per share. The business's revenue for the quarter was up 17.9% compared to the same quarter last year. As a group, analysts predict 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 Friday, September 5th. Stockholders of record on Thursday, August 21st were paid a $0.67 dividend. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.2%. Walker & Dunlop's dividend payout ratio is 82.72%.

Insider Buying and Selling

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

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