PDT Partners LLC Purchases 500 Shares of Walker & Dunlop, Inc. (NYSE:WD)

PDT Partners LLC raised its stake in shares of Walker & Dunlop, Inc. (NYSE:WD) by 16.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,630 shares of the financial services provider’s stock after buying an additional 500 shares during the quarter. PDT Partners LLC’s holdings in Walker & Dunlop were worth $412,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. SG Americas Securities LLC grew its position in shares of Walker & Dunlop by 144.3% in the 2nd quarter. SG Americas Securities LLC now owns 9,192 shares of the financial services provider’s stock valued at $903,000 after purchasing an additional 5,430 shares during the period. MJP Associates Inc. ADV grew its position in shares of Walker & Dunlop by 7.7% in the 2nd quarter. MJP Associates Inc. ADV now owns 3,933 shares of the financial services provider’s stock valued at $386,000 after purchasing an additional 282 shares during the period. AlphaMark Advisors LLC grew its position in shares of Walker & Dunlop by 20.6% in the 2nd quarter. AlphaMark Advisors LLC now owns 3,308 shares of the financial services provider’s stock valued at $325,000 after purchasing an additional 566 shares during the period. Louisiana State Employees Retirement System grew its position in shares of Walker & Dunlop by 2.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 17,000 shares of the financial services provider’s stock valued at $1,669,000 after purchasing an additional 400 shares during the period. Finally, Spinnaker Investment Group LLC boosted its position in Walker & Dunlop by 8.5% during the 2nd quarter. Spinnaker Investment Group LLC now owns 15,021 shares of the financial services provider’s stock worth $1,475,000 after acquiring an additional 1,180 shares during the last quarter. 80.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on WD. Wedbush upped their price target on Walker & Dunlop from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. StockNews.com raised Walker & Dunlop from a “sell” rating to a “hold” rating in a research report on Sunday, August 11th. Finally, Wolfe Research raised Walker & Dunlop to a “strong-buy” rating in a research report on Tuesday, September 24th.

Walker & Dunlop Stock Down 1.0 %

Shares of Walker & Dunlop stock opened at $109.16 on Wednesday. Walker & Dunlop, Inc. has a 12-month low of $87.20 and a 12-month high of $118.19. The stock has a market cap of $3.69 billion, a P/E ratio of 38.99 and a beta of 1.53. The business’s 50 day moving average is $110.87 and its 200-day moving average is $104.56.

Walker & Dunlop (NYSE:WD) last announced its quarterly earnings data on Thursday, November 7th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.10). Walker & Dunlop had a return on equity of 9.81% and a net margin of 8.91%. The company had revenue of $292.30 million for the quarter, compared to the consensus estimate of $294.24 million. During the same quarter in the prior year, the company earned $1.11 EPS. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. On average, sell-side analysts expect that Walker & Dunlop, Inc. will post 5.18 EPS for the current year.

Walker & Dunlop Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Friday, November 22nd. Walker & Dunlop’s dividend payout ratio is currently 92.86%.

About Walker & Dunlop

Walker & Dunlop, Inc, through its subsidiaries, originates, sells, and services a range of multifamily and other commercial real estate financing products and services for owners and developers of real estate in the United States. It operates through three segments: Capital Markets, Servicing & Asset Management, and Corporate.