Versor Investments LP Sells 944 Shares of Walker & Dunlop, Inc. $WD

Versor Investments LP trimmed its position in shares of Walker & Dunlop, Inc. (NYSE:WD) by 21.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,415 shares of the financial services provider’s stock after selling 944 shares during the period. Versor Investments LP’s holdings in Walker & Dunlop were worth $241,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd bought a new position in shares of Walker & Dunlop in the 1st quarter valued at about $32,000. Strs Ohio bought a new stake in shares of Walker & Dunlop in the 1st quarter valued at about $51,000. National Bank of Canada FI lifted its stake in Walker & Dunlop by 81.9% in the 1st quarter. National Bank of Canada FI now owns 724 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 326 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Walker & Dunlop in the 1st quarter valued at about $112,000. Finally, Janney Montgomery Scott LLC grew its holdings in Walker & Dunlop by 13.6% during the second quarter. Janney Montgomery Scott LLC now owns 2,908 shares of the financial services provider’s stock worth $205,000 after purchasing an additional 348 shares during the period. 80.97% of the stock is owned by institutional investors.

Walker & Dunlop Price Performance

WD opened at $71.00 on Friday. The business has a fifty day simple moving average of $83.23 and a 200 day simple moving average of $77.36. Walker & Dunlop, Inc. has a 1 year low of $64.48 and a 1 year high of $114.60. The company has a market capitalization of $2.42 billion, a PE ratio of 21.91 and a beta of 1.66.

Walker & Dunlop (NYSE:WD) last posted its earnings results on Thursday, November 6th. The financial services provider reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.01. Walker & Dunlop had a return on equity of 8.81% and a net margin of 9.27%.The company had revenue of $337.68 million during the quarter, compared to the consensus estimate of $325.10 million. During the same quarter last year, the firm earned $1.19 earnings per share. The company’s revenue was up 15.5% on a year-over-year basis. Equities analysts anticipate that Walker & Dunlop, Inc. will post 4.97 earnings per share for the current fiscal year.

Walker & Dunlop Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 21st will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.68 dividend on an annualized basis and a yield of 3.8%. Walker & Dunlop’s dividend payout ratio is currently 82.72%.

Insider Buying and Selling

In other Walker & Dunlop news, EVP Paula A. Pryor sold 5,336 shares of Walker & Dunlop stock in a transaction on Friday, August 29th. The stock was sold at an average price of $86.20, for a total value of $459,963.20. Following the completion of the transaction, the executive vice president directly owned 9,341 shares of the company’s stock, valued at $805,194.20. The trade was a 36.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.66% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have issued reports on WD. Wall Street Zen upgraded Walker & Dunlop from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 9th. Wedbush reissued a “neutral” rating and set a $90.00 target price on shares of Walker & Dunlop in a report on Thursday, August 14th. Citizens Jmp raised Walker & Dunlop from a “market perform” rating to an “outperform” rating and set a $95.00 price target for the company in a report on Friday, October 10th. JMP Securities set a $95.00 price objective on shares of Walker & Dunlop and gave the stock a “market outperform” rating in a research report on Friday, October 10th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Walker & Dunlop from $95.00 to $97.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $94.25.

Walker & Dunlop Company Profile

Walker & Dunlop, Inc is a holding company, which engages in the provision of commercial real estate and finance services. It operates through the following segments: Capital Markets, Servicing and Asset Management, and Corporate. The Capital Markets segment offers a comprehensive range of commercial real estate finance products to customers.