Edgestream Partners L.P. Invests $2.08 Million in Walker & Dunlop, Inc. (NYSE:WD)

Edgestream Partners L.P. bought a new stake in shares of Walker & Dunlop, Inc. (NYSE:WD) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 18,341 shares of the financial services provider’s stock, valued at approximately $2,083,000. Edgestream Partners L.P. owned 0.05% of Walker & Dunlop as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on WD shares. Wedbush lifted their target price 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 report on Sunday, August 11th. Finally, Wolfe Research upgraded Walker & Dunlop to a “strong-buy” rating in a research note on Tuesday, September 24th.

Walker & Dunlop Stock Performance

Shares of Walker & Dunlop stock opened at $110.20 on Tuesday. Walker & Dunlop, Inc. has a twelve month low of $87.20 and a twelve month high of $118.19. The firm has a market cap of $3.72 billion, a P/E ratio of 39.36 and a beta of 1.53. The firm’s 50-day simple moving average is $110.93 and its 200-day simple moving average is $104.51.

Walker & Dunlop (NYSE:WD) last released its quarterly earnings data on Thursday, November 7th. The financial services provider reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.10). Walker & Dunlop had a net margin of 8.91% and a return on equity of 9.81%. The company had revenue of $292.30 million for the quarter, compared to analyst estimates of $294.24 million. During the same period in the previous year, the firm posted $1.11 earnings per share. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. On average, equities analysts forecast that Walker & Dunlop, Inc. will post 5.18 earnings per share for the current fiscal year.

Walker & Dunlop Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be paid a dividend of $0.65 per share. The ex-dividend date is Friday, November 22nd. This represents a $2.60 annualized dividend and a yield of 2.36%. Walker & Dunlop’s dividend payout ratio is currently 92.86%.

Walker & Dunlop Company Profile

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.