Rockefeller Capital Management L.P. Sells 140,271 Shares of Walker & Dunlop, Inc. $WD

Rockefeller Capital Management L.P. reduced its stake in Walker & Dunlop, Inc. (NYSE:WD) by 39.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 215,260 shares of the financial services provider’s stock after selling 140,271 shares during the period. Rockefeller Capital Management L.P.’s holdings in Walker & Dunlop were worth $12,948,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. JPMorgan Chase & Co. increased its position in shares of Walker & Dunlop by 49.0% during the third quarter. JPMorgan Chase & Co. now owns 303,242 shares of the financial services provider’s stock valued at $25,357,000 after acquiring an additional 99,658 shares in the last quarter. Thornburg Investment Management Inc. raised its holdings in Walker & Dunlop by 34.5% in the 3rd quarter. Thornburg Investment Management Inc. now owns 159,641 shares of the financial services provider’s stock worth $13,349,000 after acquiring an additional 40,907 shares during the last quarter. Deprince Race & Zollo Inc. lifted its position in Walker & Dunlop by 59.9% in the 4th quarter. Deprince Race & Zollo Inc. now owns 859,072 shares of the financial services provider’s stock valued at $51,673,000 after acquiring an additional 321,734 shares in the last quarter. New Age Alpha Advisors LLC lifted its position in Walker & Dunlop by 1,401.9% in the 4th quarter. New Age Alpha Advisors LLC now owns 68,846 shares of the financial services provider’s stock valued at $4,141,000 after acquiring an additional 64,262 shares in the last quarter. Finally, Royce & Associates LP boosted its stake in Walker & Dunlop by 12.6% during the 3rd quarter. Royce & Associates LP now owns 486,093 shares of the financial services provider’s stock valued at $40,647,000 after purchasing an additional 54,344 shares during the last quarter. 80.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on WD. Keefe, Bruyette & Woods lifted their target price on Walker & Dunlop from $65.00 to $67.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Stephens initiated coverage on Walker & Dunlop in a report on Thursday, April 23rd. They set an “overweight” rating and a $69.00 price target on the stock. Weiss Ratings cut Walker & Dunlop from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 28th. Finally, Wall Street Zen raised Walker & Dunlop from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $79.20.

Walker & Dunlop Stock Up 3.7%

Shares of Walker & Dunlop stock opened at $53.04 on Thursday. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 26.26 and a beta of 1.50. The company’s 50 day moving average is $51.15 and its 200 day moving average is $54.68. Walker & Dunlop, Inc. has a twelve month low of $42.12 and a twelve month high of $90.00.

Walker & Dunlop Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were paid a dividend of $0.68 per share. The ex-dividend date was Thursday, May 21st. This represents a $2.72 dividend on an annualized basis and a yield of 5.1%. Walker & Dunlop’s payout ratio is currently 134.65%.

Walker & Dunlop Profile

Walker & Dunlop is one of the largest providers of commercial real estate finance in the United States, specializing in the origination, servicing and sale of loans secured by multifamily, seniors housing, healthcare, student housing and manufactured housing properties. The firm offers a full suite of debt and equity solutions, including agency financing through Fannie Mae and Freddie Mac, HUD and FHA-insured loans, bridge and construction financing, mezzanine debt, preferred equity, and investment sales advisory.

With roots dating back to 1937 and its headquarters in Bethesda, Maryland, Walker & Dunlop has expanded its platform through both organic growth and strategic acquisitions.