48,262 Shares in Walker & Dunlop, Inc. $WD Acquired by Ieq Capital LLC

Ieq Capital LLC acquired a new stake in shares of Walker & Dunlop, Inc. (NYSE:WD) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 48,262 shares of the financial services provider’s stock, valued at approximately $2,640,000. Ieq Capital LLC owned 0.14% of Walker & Dunlop at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. ProShare Advisors LLC increased its holdings in shares of Walker & Dunlop by 3.1% in the 4th quarter. ProShare Advisors LLC now owns 6,425 shares of the financial services provider’s stock worth $386,000 after acquiring an additional 192 shares during the period. California State Teachers Retirement System boosted its stake in Walker & Dunlop by 0.7% during the 2nd quarter. California State Teachers Retirement System now owns 31,143 shares of the financial services provider’s stock valued at $2,195,000 after purchasing an additional 216 shares during the period. Huntington National Bank grew its position in Walker & Dunlop by 47.9% in the 4th quarter. Huntington National Bank now owns 865 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 280 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Walker & Dunlop by 107.9% in the first quarter. EverSource Wealth Advisors LLC now owns 580 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 301 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of Walker & Dunlop by 0.6% in the third quarter. Ameriprise Financial Inc. now owns 65,018 shares of the financial services provider’s stock valued at $5,437,000 after purchasing an additional 358 shares during the period. 80.97% of the stock is currently owned by institutional investors.

Walker & Dunlop Price Performance

WD opened at $39.52 on Tuesday. The business has a 50 day moving average price of $48.67 and a two-hundred day moving average price of $50.34. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 35.29 and a beta of 1.49. Walker & Dunlop, Inc. has a 1-year low of $39.32 and a 1-year high of $90.00.

Walker & Dunlop (NYSE:WD) last issued its quarterly earnings results on Thursday, August 6th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.29. Walker & Dunlop had a return on equity of 7.25% and a net margin of 2.94%.The company had revenue of $306.69 million for the quarter, compared to analysts’ expectations of $337.37 million. During the same period last year, the firm earned $1.15 EPS. The firm’s revenue for the quarter was down 3.9% on a year-over-year basis.

Walker & Dunlop Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend is Thursday, August 20th. Walker & Dunlop’s payout ratio is presently 242.86%.

Analyst Ratings Changes

Several brokerages have recently issued reports on WD. Keefe, Bruyette & Woods reduced their price objective on Walker & Dunlop from $63.00 to $57.00 and set an “outperform” rating for the company in a research report on Friday, August 7th. Citigroup restated a “market outperform” rating on shares of Walker & Dunlop in a research report on Tuesday, August 18th. Weiss Ratings lowered Walker & Dunlop from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 18th. Citizens Jmp decreased their price target on Walker & Dunlop from $70.00 to $55.00 and set a “market outperform” rating for the company in a research note on Tuesday, August 18th. Finally, Wall Street Zen lowered Walker & Dunlop from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Five research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $64.00.

Walker & Dunlop Profile

Walker & Dunlop is one of the largest providers of commercial real estate finance in the United States, specializing in the origination, servicing and sale of loans secured by multifamily, seniors housing, healthcare, student housing and manufactured housing properties. The firm offers a full suite of debt and equity solutions, including agency financing through Fannie Mae and Freddie Mac, HUD and FHA-insured loans, bridge and construction financing, mezzanine debt, preferred equity, and investment sales advisory.

With roots dating back to 1937 and its headquarters in Bethesda, Maryland, Walker & Dunlop has expanded its platform through both organic growth and strategic acquisitions.