Dimensional Fund Advisors LP boosted its position in shares of Walker & Dunlop Inc. (NYSE:WD) by 4.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,672,101 shares of the company’s stock after buying an additional 65,480 shares during the period. Dimensional Fund Advisors LP owned 5.43% of Walker & Dunlop worth $38,091,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Bank of Montreal Can bought a new stake in Walker & Dunlop during the second quarter worth about $2,101,000. Old Mutual Global Investors UK Ltd. increased its stake in Walker & Dunlop by 70.0% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 28,024 shares of the company’s stock worth $638,000 after buying an additional 11,540 shares during the last quarter. Capstone Asset Management Co. increased its stake in Walker & Dunlop by 17.9% in the second quarter. Capstone Asset Management Co. now owns 15,150 shares of the company’s stock worth $345,000 after buying an additional 2,300 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in Walker & Dunlop by 117.6% in the second quarter. BNP Paribas Arbitrage SA now owns 8,702 shares of the company’s stock worth $198,000 after buying an additional 4,703 shares during the last quarter. Finally, Panagora Asset Management Inc. increased its stake in 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. Hedge funds and other institutional investors own 77.95% of the company’s stock.
Shares of Walker & Dunlop Inc. (NYSE:WD) opened at 24.45 on Wednesday. Walker & Dunlop Inc. has a 1-year low of $19.50 and a 1-year high of $33.17. The stock has a market capitalization of $753.33 million, a PE ratio of 8.49 and a beta of 1.05. The firm has a 50-day moving average of $25.46 and a 200 day moving average of $24.42.
Walker & Dunlop (NYSE:WD) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.36. The business earned $147.90 million during the quarter, compared to the consensus estimate of $114.53 million. Walker & Dunlop had a net margin of 18.20% and a return on equity of 17.60%. The firm’s quarterly revenue was up 29.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.67 EPS. On average, equities analysts anticipate that Walker & Dunlop Inc. will post $2.90 earnings per share for the current fiscal year.
WD has been the subject of several research reports. Zacks Investment Research upgraded Walker & Dunlop from a “sell” rating to a “strong-buy” rating and set a $32.00 price objective for the company in a research report on Saturday, August 6th. Keefe, Bruyette & Woods lifted their price objective on Walker & Dunlop from $23.00 to $26.00 and gave the stock a “market perform” rating in a research report on Thursday, August 4th. JMP Securities lifted their price objective on Walker & Dunlop from $27.00 to $30.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 4th. Finally, Wedbush initiated coverage on Walker & Dunlop in a research report on Wednesday, October 5th. They set a “neutral” rating and a $26.75 price objective for the company. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Walker & Dunlop currently has a consensus rating of “Hold” and an average price target of $29.15.
In other Walker & Dunlop news, CEO William M. Walker sold 53,170 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The shares were 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 approximately $39,890,370.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Dana L. Schmaltz acquired 1,500 shares of the company’s stock in a transaction on Friday, August 19th. The stock was bought at an average price of $26.17 per share, for a total transaction of $39,255.00. Following the purchase, the director now owns 40,333 shares in the company, valued at approximately $1,055,514.61. The disclosure for this purchase can be found here. 11.60% of the stock is currently owned by corporate insiders.
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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