Everence Capital Management Inc. Sells 220 Shares of Walker & Dunlop, Inc. (NYSE:WD)

Everence Capital Management Inc. decreased its position in shares of Walker & Dunlop, Inc. (NYSE:WD) by 5.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,120 shares of the financial services provider’s stock after selling 220 shares during the period. Everence Capital Management Inc.’s holdings in Walker & Dunlop were worth $401,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. National Bank of Canada FI grew its position in Walker & Dunlop by 205.6% in the second quarter. National Bank of Canada FI now owns 275 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 185 shares in the last quarter. Arizona State Retirement System raised its position in Walker & Dunlop by 2.3% during the 2nd quarter. Arizona State Retirement System now owns 9,406 shares of the financial services provider’s stock valued at $924,000 after purchasing an additional 213 shares in the last quarter. Asset Dedication LLC purchased a new stake in shares of Walker & Dunlop in the 2nd quarter worth $94,000. Choreo LLC grew its position in shares of Walker & Dunlop by 37.7% during the 2nd quarter. Choreo LLC now owns 6,316 shares of the financial services provider’s stock worth $593,000 after buying an additional 1,729 shares in the last quarter. Finally, Texas Permanent School Fund Corp increased its stake in shares of Walker & Dunlop by 33.3% during the second quarter. Texas Permanent School Fund Corp now owns 39,020 shares of the financial services provider’s stock valued at $3,832,000 after buying an additional 9,745 shares during the period. Hedge funds and other institutional investors own 80.97% of the company’s stock.

Walker & Dunlop Price Performance

Shares of NYSE WD opened at $95.99 on Monday. The business has a fifty day moving average price of $105.94 and a 200 day moving average price of $105.54. Walker & Dunlop, Inc. has a 1-year low of $87.20 and a 1-year high of $118.19. The stock has a market capitalization of $3.24 billion, a P/E ratio of 34.28 and a beta of 1.53.

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

Walker & Dunlop Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date was Friday, November 22nd. Walker & Dunlop’s payout ratio is presently 92.86%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on WD. Wedbush upped their price objective on shares of Walker & Dunlop from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Wolfe Research raised shares of Walker & Dunlop to a “strong-buy” rating in a research report on Tuesday, September 24th.

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.