State of New Jersey Common Pension Fund D Sells 9,494 Shares of Walker & Dunlop, Inc. (NYSE:WD)

State of New Jersey Common Pension Fund D decreased its holdings in Walker & Dunlop, Inc. (NYSE:WD) by 32.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 19,833 shares of the financial services provider’s stock after selling 9,494 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.06% of Walker & Dunlop worth $1,948,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. National Bank of Canada FI increased its position in Walker & Dunlop by 205.6% during the 2nd quarter. National Bank of Canada FI now owns 275 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 185 shares in the last quarter. Fidelis Capital Partners LLC bought a new stake in shares of Walker & Dunlop during the first quarter worth $34,000. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Walker & Dunlop by 163.6% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 398 shares of the financial services provider’s stock worth $40,000 after buying an additional 247 shares in the last quarter. EntryPoint Capital LLC bought a new position in shares of Walker & Dunlop in the 1st quarter valued at $57,000. Finally, Asset Dedication LLC acquired a new stake in shares of Walker & Dunlop during the 2nd quarter valued at $94,000. Institutional investors and hedge funds own 80.97% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on WD shares. Wedbush upped their target price on Walker & Dunlop from $95.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. Keefe, Bruyette & Woods upped their price objective on Walker & Dunlop from $105.00 to $112.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. Finally, StockNews.com upgraded shares of Walker & Dunlop from a “sell” rating to a “hold” rating in a research report on Sunday, August 11th.

Walker & Dunlop Stock Down 0.6 %

NYSE WD opened at $111.06 on Friday. The company has a market capitalization of $3.74 billion, a price-to-earnings ratio of 40.53 and a beta of 1.55. Walker & Dunlop, Inc. has a twelve month low of $62.51 and a twelve month high of $113.67. The stock has a fifty day simple moving average of $105.22 and a 200 day simple moving average of $98.59.

Walker & Dunlop (NYSE:WD) last released its quarterly earnings results on Thursday, August 8th. The financial services provider reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. Walker & Dunlop had a return on equity of 9.65% and a net margin of 8.41%. The firm had revenue of $270.70 million for the quarter, compared to analyst estimates of $274.50 million. During the same quarter in the previous year, the company posted $0.98 EPS. The business’s revenue was down .7% on a year-over-year basis. Research analysts expect that Walker & Dunlop, Inc. will post 5.27 earnings per share for the current fiscal year.

Walker & Dunlop Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Thursday, August 22nd were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend was Thursday, August 22nd. Walker & Dunlop’s dividend payout ratio is presently 94.89%.

Insiders Place Their Bets

In related news, COO Stephen P. Theobald sold 13,870 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $106.10, for a total value of $1,471,607.00. Following the transaction, the chief operating officer now owns 53,869 shares in the company, valued at $5,715,500.90. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 5.47% of the company’s stock.

Walker & Dunlop Company 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.