State Street Corp Buys 18,461 Shares of Walker & Dunlop, Inc. (NYSE:WD)

State Street Corp raised its stake in shares of Walker & Dunlop, Inc. (NYSE:WD) by 1.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,434,370 shares of the financial services provider’s stock after purchasing an additional 18,461 shares during the quarter. State Street Corp owned 4.25% of Walker & Dunlop worth $162,930,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Bank of Montreal Can raised its stake 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 worth $432,000 after acquiring an additional 110 shares in the last quarter. Signaturefd LLC raised its stake in shares of Walker & Dunlop by 10.3% during the third quarter. Signaturefd LLC now owns 1,405 shares of the financial services provider’s stock worth $160,000 after acquiring an additional 131 shares in the last quarter. Hsbc Holdings PLC raised its stake 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 acquiring an additional 172 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its stake 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 worth $56,000 after acquiring an additional 177 shares in the last quarter. Finally, National Bank of Canada FI raised its stake in shares of Walker & Dunlop by 205.6% during the second quarter. National Bank of Canada FI now owns 275 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 185 shares in the last quarter. 80.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Walker & Dunlop Stock Down 1.3 %

Shares of NYSE WD opened at $105.57 on Friday. Walker & Dunlop, Inc. has a 52 week low of $87.20 and a 52 week high of $118.19. The firm’s fifty day moving average is $110.20 and its 200 day moving average is $104.95. The company has a market cap of $3.57 billion, a price-to-earnings ratio of 37.65 and a beta of 1.53.

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

Walker & Dunlop Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend was Friday, November 22nd. Walker & Dunlop’s dividend payout ratio (DPR) is currently 92.86%.

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.