State of New Jersey Common Pension Fund D Boosts Holdings in Walker & Dunlop, Inc. (NYSE:WD)

State of New Jersey Common Pension Fund D grew its stake in shares of Walker & Dunlop, Inc. (NYSE:WD) by 6.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,631 shares of the financial services provider’s stock after acquiring an additional 1,188 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.06% of Walker & Dunlop worth $1,908,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. Blue Trust Inc. lifted its position in shares of Walker & Dunlop by 1,295.8% in the third quarter. Blue Trust Inc. now owns 335 shares of the financial services provider’s stock worth $38,000 after buying an additional 311 shares in the last quarter. National Bank of Canada FI boosted its position in Walker & Dunlop by 42.2% during the 3rd quarter. National Bank of Canada FI now owns 391 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 116 shares in the last quarter. KBC Group NV lifted its holdings in shares of Walker & Dunlop by 28.4% during the 3rd quarter. KBC Group NV now owns 1,203 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 266 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Walker & Dunlop by 10.3% during the third quarter. Signaturefd LLC now owns 1,405 shares of the financial services provider’s stock worth $160,000 after buying an additional 131 shares during the period. Finally, Crewe Advisors LLC raised its holdings in shares of Walker & Dunlop by 42.9% during the fourth quarter. Crewe Advisors LLC now owns 2,000 shares of the financial services provider’s stock worth $194,000 after purchasing an additional 600 shares during the last quarter. Institutional investors own 80.97% of the company’s stock.

Walker & Dunlop Price Performance

Shares of WD stock opened at $82.04 on Tuesday. Walker & Dunlop, Inc. has a 1-year low of $81.97 and a 1-year high of $118.19. The firm has a market capitalization of $2.77 billion, a PE ratio of 25.72 and a beta of 1.55. The business’s fifty day moving average price is $94.10 and its 200 day moving average price is $103.53.

Walker & Dunlop (NYSE:WD) last issued its quarterly earnings results on Thursday, February 13th. The financial services provider reported $1.34 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.18). Walker & Dunlop had a return on equity of 9.64% and a net margin of 9.55%. The company had revenue of $341.45 million for the quarter, compared to analyst estimates of $316.82 million. Equities research analysts expect that Walker & Dunlop, Inc. will post 4.97 earnings per share for the current fiscal year.

Walker & Dunlop Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.67 dividend. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from Walker & Dunlop’s previous quarterly dividend of $0.65. This represents a $2.68 annualized dividend and a dividend yield of 3.27%. Walker & Dunlop’s dividend payout ratio (DPR) is 81.50%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods reduced their price target on shares of Walker & Dunlop from $120.00 to $105.00 and set a “market perform” rating for the company in a research report on Friday, February 14th.

About Walker & Dunlop

Walker & Dunlop, Inc is a holding company, which engages in the provision of commercial real estate and finance services. It operates through the following segments: Capital Markets, Servicing and Asset Management, and Corporate. The Capital Markets segment offers a comprehensive range of commercial real estate finance products to customers.