Walker & Dunlop, Inc. (NYSE:WD) Shares Sold by Burney Co.

Burney Co. trimmed its stake in shares of Walker & Dunlop, Inc. (NYSE:WD) by 7.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,129 shares of the financial services provider’s stock after selling 404 shares during the period. Burney Co.’s holdings in Walker & Dunlop were worth $504,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of WD. GAMMA Investing LLC acquired a new position in shares of Walker & Dunlop during the 4th quarter worth approximately $29,000. Fidelis Capital Partners LLC acquired a new position in shares of Walker & Dunlop during the 1st quarter worth approximately $34,000. Benjamin F. Edwards & Company Inc. raised its position in shares of Walker & Dunlop by 163.6% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 398 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 247 shares during the last quarter. EntryPoint Capital LLC acquired a new position in shares of Walker & Dunlop during the 1st quarter worth approximately $57,000. Finally, LRI Investments LLC acquired a new position in shares of Walker & Dunlop during the 1st quarter worth approximately $98,000. 80.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Walker & Dunlop news, COO Stephen P. Theobald sold 13,870 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $106.10, for a total value of $1,471,607.00. Following the transaction, the chief operating officer now directly owns 53,869 shares of the company’s stock, valued at $5,715,500.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.47% of the company’s stock.

Walker & Dunlop Price Performance

WD traded up $0.84 during trading on Thursday, hitting $106.21. The company’s stock had a trading volume of 159,195 shares, compared to its average volume of 210,738. The stock has a market cap of $3.58 billion, a PE ratio of 38.68 and a beta of 1.55. The firm’s 50 day moving average price is $101.60 and its 200-day moving average price is $97.26. Walker & Dunlop, Inc. has a twelve month low of $62.51 and a twelve month high of $113.67.

Walker & Dunlop (NYSE:WD) last announced its quarterly earnings results on Thursday, August 8th. The financial services provider reported $1.23 EPS for the quarter, topping the consensus estimate of $1.16 by $0.07. The company had revenue of $270.70 million during the quarter, compared to analyst estimates of $274.50 million. Walker & Dunlop had a return on equity of 9.65% and a net margin of 8.41%. The firm’s revenue was down .7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.98 earnings per share. Equities analysts anticipate that Walker & Dunlop, Inc. will post 5.27 earnings per share for the current year.

Walker & Dunlop Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Thursday, August 22nd will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend is Thursday, August 22nd. Walker & Dunlop’s payout ratio is currently 94.89%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on WD. StockNews.com upgraded Walker & Dunlop from a “sell” rating to a “hold” rating in a report on Sunday, August 11th. Keefe, Bruyette & Woods boosted their price target on Walker & Dunlop from $105.00 to $112.00 and gave the company a “market perform” rating in a report on Thursday, July 25th. Finally, Wedbush boosted their price target on Walker & Dunlop from $95.00 to $105.00 and gave the company a “neutral” rating in a report on Friday, August 9th.

Walker & Dunlop 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.