RPg Family Wealth Advisory LLC Buys 20,822 Shares of Walker & Dunlop, Inc. $WD

RPg Family Wealth Advisory LLC increased its stake in shares of Walker & Dunlop, Inc. (NYSE:WD) by 16.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 148,814 shares of the financial services provider’s stock after acquiring an additional 20,822 shares during the quarter. Walker & Dunlop accounts for 1.3% of RPg Family Wealth Advisory LLC’s portfolio, making the stock its 26th biggest position. RPg Family Wealth Advisory LLC’s holdings in Walker & Dunlop were worth $8,140,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of WD. BlackRock Inc. purchased a new position in Walker & Dunlop during the 2nd quarter worth $289,614,000. New Age Alpha Advisors LLC grew its stake in shares of Walker & Dunlop by 1,401.9% in the 4th quarter. New Age Alpha Advisors LLC now owns 68,846 shares of the financial services provider’s stock worth $4,141,000 after acquiring an additional 64,262 shares in the last quarter. Ieq Capital LLC purchased a new stake in shares of Walker & Dunlop in the second quarter valued at about $2,640,000. Royce & Associates LP raised its holdings in shares of Walker & Dunlop by 12.2% in the fourth quarter. Royce & Associates LP now owns 545,558 shares of the financial services provider’s stock valued at $32,815,000 after purchasing an additional 59,465 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Walker & Dunlop by 75.2% during the first quarter. Bank of America Corp DE now owns 477,737 shares of the financial services provider’s stock valued at $21,202,000 after purchasing an additional 204,979 shares in the last quarter. 80.97% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Walker & Dunlop Price Performance

Shares of Walker & Dunlop stock opened at $41.64 on Monday. The firm has a market cap of $1.43 billion, a PE ratio of 37.18 and a beta of 1.49. Walker & Dunlop, Inc. has a 1 year low of $39.01 and a 1 year high of $90.00. The stock has a fifty day moving average price of $47.80 and a 200-day moving average price of $49.70.

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

Walker & Dunlop Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be given a $0.68 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $2.72 annualized dividend and a yield of 6.5%. Walker & Dunlop’s payout ratio is currently 242.86%.

About Walker & Dunlop

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.