Algert Global LLC Invests $3.77 Million in Walker & Dunlop, Inc. $WD

Algert Global LLC bought a new position in shares of Walker & Dunlop, Inc. (NYSE:WD) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 68,840 shares of the financial services provider’s stock, valued at approximately $3,766,000.

Several other large investors have also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its stake in shares of Walker & Dunlop by 107.9% during the first quarter. EverSource Wealth Advisors LLC now owns 580 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 301 shares during the last quarter. Essential Partners LLC grew its holdings in Walker & Dunlop by 709.1% in the 1st quarter. Essential Partners LLC now owns 623 shares of the financial services provider’s stock worth $28,000 after buying an additional 546 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Walker & Dunlop in the second quarter worth about $35,000. Caitong International Asset Management Co. Ltd lifted its holdings in Walker & Dunlop by 1,398.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 734 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 685 shares during the last quarter. Finally, Strs Ohio acquired a new position in shares of Walker & Dunlop in the 1st quarter worth approximately $51,000. 80.97% of the stock is owned by hedge funds and other institutional investors.

Walker & Dunlop Stock Performance

Walker & Dunlop stock opened at $41.64 on Friday. Walker & Dunlop, Inc. has a fifty-two week low of $39.01 and a fifty-two week high of $90.00. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 37.18 and a beta of 1.49. The stock’s 50 day simple moving average is $47.80 and its two-hundred day simple moving average is $49.79.

Walker & Dunlop (NYSE:WD) last announced its quarterly earnings results on Thursday, August 6th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.29. The firm had revenue of $306.69 million for the quarter, compared to the consensus estimate of $337.37 million. Walker & Dunlop had a return on equity of 7.25% and a net margin of 2.94%.The company’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.15 earnings per share.

Walker & Dunlop Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be paid a $0.68 dividend. The ex-dividend date is Thursday, August 20th. This represents a $2.72 dividend on an annualized basis and a yield of 6.5%. Walker & Dunlop’s dividend payout ratio (DPR) is 242.86%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Citigroup reissued a “market outperform” rating on shares of Walker & Dunlop in a report on Tuesday, August 18th. Weiss Ratings cut Walker & Dunlop from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 18th. Wall Street Zen lowered Walker & Dunlop from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Citizens Jmp decreased their price objective on shares of Walker & Dunlop from $70.00 to $55.00 and set a “market outperform” rating for the company in a report on Tuesday, August 18th. Finally, Keefe, Bruyette & Woods cut their price target on Walker & Dunlop from $63.00 to $57.00 and set an “outperform” rating for the company in a report on Friday, August 7th. Five research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Walker & Dunlop has a consensus rating of “Moderate Buy” and a consensus target price of $64.00.

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.