Geode Capital Management LLC Sells 11,774 Shares of Walker & Dunlop, Inc. (NYSE:WD)

Geode Capital Management LLC lessened its holdings in shares of Walker & Dunlop, Inc. (NYSE:WD) by 1.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 729,522 shares of the financial services provider’s stock after selling 11,774 shares during the quarter. Geode Capital Management LLC’s holdings in Walker & Dunlop were worth $82,883,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of WD. FMR LLC lifted its position in Walker & Dunlop by 48.7% during the third quarter. FMR LLC now owns 1,227,874 shares of the financial services provider’s stock valued at $139,474,000 after purchasing an additional 402,313 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Walker & Dunlop by 33.1% during the 3rd quarter. Victory Capital Management Inc. now owns 1,415,479 shares of the financial services provider’s stock valued at $160,784,000 after buying an additional 351,957 shares in the last quarter. Erste Asset Management GmbH purchased a new position in Walker & Dunlop in the third quarter worth $19,843,000. First Sabrepoint Capital Management LP increased its stake in Walker & Dunlop by 100.0% in the third quarter. First Sabrepoint Capital Management LP now owns 150,000 shares of the financial services provider’s stock valued at $17,038,000 after acquiring an additional 75,000 shares during the last quarter. Finally, Ceredex Value Advisors LLC purchased a new stake in Walker & Dunlop during the third quarter valued at about $8,156,000. Hedge funds and other institutional investors own 80.97% of the company’s stock.

Wall Street Analyst Weigh In

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

Walker & Dunlop Stock Down 2.4 %

NYSE WD opened at $96.32 on Friday. The company has a 50-day simple moving average of $109.43 and a two-hundred day simple moving average of $105.24. Walker & Dunlop, Inc. has a 12-month low of $87.20 and a 12-month high of $118.19. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of 34.40 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 earnings per share for the quarter, missing the consensus estimate of $1.29 by ($0.10). Walker & Dunlop had a net margin of 8.91% and a return on equity of 9.81%. The company had revenue of $292.30 million for the quarter, compared to analysts’ expectations of $294.24 million. During the same quarter in the prior year, the company earned $1.11 earnings per share. The company’s revenue was up 8.8% compared to the same quarter last year. Equities analysts expect that Walker & Dunlop, Inc. will post 5.18 earnings per share for the current fiscal year.

Walker & Dunlop Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were issued a dividend of $0.65 per share. The ex-dividend date was Friday, November 22nd. This represents a $2.60 dividend on an annualized basis and a yield of 2.70%. Walker & Dunlop’s dividend payout ratio is presently 92.86%.

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.