10,680 Shares in Walker & Dunlop, Inc. $WD Bought by RPg Family Wealth Advisory LLC

RPg Family Wealth Advisory LLC bought a new stake in shares of Walker & Dunlop, Inc. (NYSE:WD) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,680 shares of the financial services provider’s stock, valued at approximately $893,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Walker & Dunlop by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 3,743,034 shares of the financial services provider’s stock worth $312,993,000 after acquiring an additional 16,392 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Walker & Dunlop by 2.9% during the second quarter. Geode Capital Management LLC now owns 771,212 shares of the financial services provider’s stock worth $54,361,000 after purchasing an additional 21,446 shares in the last quarter. Deprince Race & Zollo Inc. raised its position in shares of Walker & Dunlop by 147.7% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 537,338 shares of the financial services provider’s stock worth $44,932,000 after purchasing an additional 320,425 shares during the last quarter. Royce & Associates LP lifted its stake in Walker & Dunlop by 12.6% in the 3rd quarter. Royce & Associates LP now owns 486,093 shares of the financial services provider’s stock valued at $40,647,000 after buying an additional 54,344 shares in the last quarter. Finally, Norges Bank acquired a new stake in Walker & Dunlop in the 2nd quarter worth about $30,422,000. 80.97% of the stock is owned by hedge funds and other institutional investors.

Walker & Dunlop Trading Up 1.9%

Shares of WD stock opened at $48.53 on Wednesday. The firm has a 50-day moving average price of $61.42 and a 200 day moving average price of $71.10. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 29.59 and a beta of 1.57. Walker & Dunlop, Inc. has a twelve month low of $42.12 and a twelve month high of $90.00.

Walker & Dunlop (NYSE:WD) last posted its quarterly earnings results on Thursday, February 26th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.46 by ($1.18). Walker & Dunlop had a net margin of 4.56% and a return on equity of 6.81%. The firm had revenue of $340.02 million for the quarter, compared to analysts’ expectations of $343.66 million. During the same period last year, the firm posted $1.32 EPS. Walker & Dunlop’s revenue was down .4% on a year-over-year basis. As a group, research analysts predict that Walker & Dunlop, Inc. will post 4.97 earnings per share for the current year.

Walker & Dunlop Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be given a dividend of $0.68 per share. The ex-dividend date is Friday, March 13th. This represents a $2.72 dividend on an annualized basis and a yield of 5.6%. This is an increase from Walker & Dunlop’s previous quarterly dividend of $0.67. Walker & Dunlop’s payout ratio is presently 163.41%.

Wall Street Analysts Forecast Growth

WD has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods lowered their price target on Walker & Dunlop from $80.00 to $65.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. Wall Street Zen lowered shares of Walker & Dunlop from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Jefferies Financial Group initiated coverage on shares of Walker & Dunlop in a research note on Friday, December 19th. They issued a “buy” rating and a $75.00 price target on the stock. Citigroup restated a “market outperform” rating on shares of Walker & Dunlop in a report on Friday, December 5th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Walker & Dunlop in a research report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $81.25.

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.