First Sabrepoint Capital Management LP Increases Stake in Walker & Dunlop, Inc. (NYSE:WD)

First Sabrepoint Capital Management LP raised its holdings in shares of Walker & Dunlop, Inc. (NYSE:WD) by 100.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 150,000 shares of the financial services provider’s stock after purchasing an additional 75,000 shares during the period. Walker & Dunlop comprises about 4.9% of First Sabrepoint Capital Management LP’s portfolio, making the stock its 3rd largest holding. First Sabrepoint Capital Management LP owned approximately 0.44% of Walker & Dunlop worth $17,038,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Bank of Montreal Can raised its holdings in shares of Walker & Dunlop by 2.6% during the second quarter. Bank of Montreal Can now owns 4,398 shares of the financial services provider’s stock valued at $432,000 after buying an additional 110 shares during the last quarter. National Bank of Canada FI boosted its stake in shares of Walker & Dunlop by 42.2% during the 3rd quarter. National Bank of Canada FI now owns 391 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 116 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Walker & Dunlop by 10.3% in the 3rd quarter. Signaturefd LLC now owns 1,405 shares of the financial services provider’s stock worth $160,000 after acquiring an additional 131 shares during the last quarter. Hsbc Holdings PLC raised its position in shares of Walker & Dunlop by 3.7% during the second quarter. Hsbc Holdings PLC now owns 4,851 shares of the financial services provider’s stock worth $473,000 after purchasing an additional 172 shares during the period. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Walker & Dunlop by 44.5% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 575 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 177 shares during the last quarter. 80.97% of the stock is currently owned by institutional investors.

Walker & Dunlop Trading Down 1.5 %

Shares of WD stock opened at $107.12 on Tuesday. The stock’s fifty day simple moving average is $110.46 and its 200-day simple moving average is $104.84. The company has a market capitalization of $3.62 billion, a price-to-earnings ratio of 38.26 and a beta of 1.53. Walker & Dunlop, Inc. has a 1-year low of $87.20 and a 1-year high of $118.19.

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

Walker & Dunlop Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend was Friday, November 22nd. Walker & Dunlop’s dividend payout ratio (DPR) is currently 92.86%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on WD shares. Wolfe Research upgraded Walker & Dunlop to a “strong-buy” rating in a report on Tuesday, September 24th. Wedbush lifted their target price on shares of Walker & Dunlop from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th.

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.