State Board of Administration of Florida Retirement System lowered its stake in shares of Walker & Dunlop Inc. (NYSE:WD) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,112 shares of the company’s stock after selling 18 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Walker & Dunlop were worth $299,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Bank of Montreal Can bought a new stake in Walker & Dunlop during the second quarter valued at approximately $2,101,000. Panagora Asset Management Inc. raised its position in shares of Walker & Dunlop by 57.7% in the first quarter. Panagora Asset Management Inc. now owns 210,730 shares of the company’s stock worth $5,114,000 after buying an additional 77,068 shares during the last quarter. Stoneridge Investment Partners LLC purchased a new position in shares of Walker & Dunlop during the second quarter worth $1,215,000. Kennedy Capital Management Inc. raised its position in shares of Walker & Dunlop by 21.3% in the first quarter. Kennedy Capital Management Inc. now owns 290,600 shares of the company’s stock worth $7,053,000 after buying an additional 51,059 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Walker & Dunlop by 9.0% in the second quarter. Bank of New York Mellon Corp now owns 504,657 shares of the company’s stock worth $11,497,000 after buying an additional 41,661 shares during the last quarter. Hedge funds and other institutional investors own 78.04% of the company’s stock.
Shares of Walker & Dunlop Inc. (NYSE:WD) traded down 0.50% during trading on Friday, hitting $23.98. The stock had a trading volume of 6,831 shares. Walker & Dunlop Inc. has a 12-month low of $19.50 and a 12-month high of $33.17. The stock has a 50-day moving average of $25.66 and a 200 day moving average of $24.42. The firm has a market cap of $738.85 million, a price-to-earnings ratio of 8.32 and a beta of 1.05.
Walker & Dunlop (NYSE:WD) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.36. Walker & Dunlop had a return on equity of 17.60% and a net margin of 18.20%. The business had revenue of $147.90 million for the quarter, compared to the consensus estimate of $114.53 million. During the same period in the prior year, the business earned $0.67 earnings per share. The business’s revenue was up 29.9% on a year-over-year basis. On average, analysts predict that Walker & Dunlop Inc. will post $2.90 earnings per share for the current fiscal year.
A number of brokerages have weighed in on WD. Zacks Investment Research upgraded Walker & Dunlop from a “sell” rating to a “strong-buy” rating and set a $32.00 price objective on the stock in a report on Saturday, August 6th. Keefe, Bruyette & Woods raised their target price on Walker & Dunlop from $23.00 to $26.00 and gave the stock a “market perform” rating in a research note on Thursday, August 4th. JMP Securities raised their target price on Walker & Dunlop from $27.00 to $30.00 and gave the stock a “market outperform” rating in a research note on Thursday, August 4th. Finally, Wedbush started coverage on Walker & Dunlop in a research note on Wednesday, October 5th. They issued a “neutral” rating and a $26.75 target price for the company. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $29.15.
In related news, CEO William M. Walker sold 26,016 shares of the stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $26.49, for a total transaction of $689,163.84. Following the transaction, the chief executive officer now directly owns 1,463,329 shares in the company, valued at $38,763,585.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William M. Walker sold 53,170 shares of the stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $26.71, for a total value of $1,420,170.70. Following the transaction, the chief executive officer now owns 1,493,462 shares in the company, valued at $39,890,370.02. The disclosure for this sale can be found here. Corporate insiders own 11.60% of the company’s stock.
Walker & Dunlop Company Profile
Walker & Dunlop, Inc is a holding company, which conducts all of its operations through Walker & Dunlop, LLC. The Company is a provider of commercial real estate financial services in the United States, with a primary focus on multifamily lending. It originates, sells, and services a range of multifamily and other commercial real estate financing products, including Multifamily Finance, Federal Housing Administration (FHA) Finance, Capital Markets, and Proprietary Capital.
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