Walker & Dunlop, Inc. (NYSE:WD) Stake Trimmed by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its position in shares of Walker & Dunlop, Inc. (NYSE:WD) by 7.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,493 shares of the financial services provider’s stock after selling 2,814 shares during the period. Thrivent Financial for Lutherans owned about 0.11% of Walker & Dunlop worth $4,032,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. raised its stake in shares of Walker & Dunlop by 33.1% in the 3rd quarter. Victory Capital Management Inc. now owns 1,415,479 shares of the financial services provider’s stock valued at $160,784,000 after buying an additional 351,957 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Walker & Dunlop by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,319,434 shares of the financial services provider’s stock valued at $129,566,000 after purchasing an additional 20,739 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Walker & Dunlop by 0.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 377,417 shares of the financial services provider’s stock valued at $37,062,000 after purchasing an additional 2,815 shares during the period. American Century Companies Inc. raised its holdings in shares of Walker & Dunlop by 10.1% in the 2nd quarter. American Century Companies Inc. now owns 351,022 shares of the financial services provider’s stock worth $34,470,000 after buying an additional 32,192 shares in the last quarter. Finally, Kathmere Capital Management LLC lifted its position in shares of Walker & Dunlop by 11.0% during the 2nd quarter. Kathmere Capital Management LLC now owns 161,659 shares of the financial services provider’s stock worth $15,875,000 after buying an additional 16,008 shares during the period. Institutional investors and hedge funds own 80.97% of the company’s stock.

Analyst Upgrades and Downgrades

WD has been the subject of several analyst reports. StockNews.com raised shares of Walker & Dunlop from a “sell” rating to a “hold” rating in a report on Sunday, August 11th. Wedbush increased their price target on Walker & Dunlop from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Finally, Wolfe Research upgraded Walker & Dunlop to a “strong-buy” rating in a research report on Tuesday, September 24th.

Walker & Dunlop Stock Up 1.6 %

NYSE:WD opened at $108.49 on Monday. Walker & Dunlop, Inc. has a twelve month low of $81.24 and a twelve month high of $118.19. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of 38.75 and a beta of 1.55. The stock’s 50 day moving average price is $110.82 and its two-hundred day moving average price is $103.99.

Walker & Dunlop (NYSE:WD) last announced its quarterly earnings results on Thursday, November 7th. The financial services provider reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.10). Walker & Dunlop had a net margin of 8.91% and a return on equity of 9.81%. The firm had revenue of $292.30 million during the quarter, compared to analyst estimates of $294.24 million. During the same quarter in the prior year, the business earned $1.11 EPS. The business’s revenue was up 8.8% compared to the same quarter last year. As a group, analysts anticipate that Walker & Dunlop, Inc. will post 5.18 earnings per share for the current year.

Walker & Dunlop Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.60 dividend on an annualized basis and a yield of 2.40%. Walker & Dunlop’s dividend payout ratio (DPR) is 92.86%.

About Walker & Dunlop

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.