Public Sector Pension Investment Board Sells 6,100 Shares of Walker & Dunlop, Inc. (NYSE:WD)

Public Sector Pension Investment Board trimmed its position in shares of Walker & Dunlop, Inc. (NYSE:WD) by 8.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,062 shares of the financial services provider’s stock after selling 6,100 shares during the period. Public Sector Pension Investment Board owned 0.20% of Walker & Dunlop worth $7,731,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of WD. National Bank of Canada FI grew its stake in Walker & Dunlop by 205.6% during the second quarter. National Bank of Canada FI now owns 275 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 185 shares in the last quarter. Blue Trust Inc. grew its stake in Walker & Dunlop by 1,295.8% during the third quarter. Blue Trust Inc. now owns 335 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 311 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in Walker & Dunlop by 44.5% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 575 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 177 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Walker & Dunlop by 64.7% in the 3rd quarter. GAMMA Investing LLC now owns 654 shares of the financial services provider’s stock worth $74,000 after buying an additional 257 shares in the last quarter. Finally, Asset Dedication LLC purchased a new position in shares of Walker & Dunlop in the 2nd quarter worth $94,000. 80.97% of the stock is currently owned by institutional investors.

Walker & Dunlop Trading Down 0.4 %

WD stock opened at $110.43 on Friday. Walker & Dunlop, Inc. has a 12 month low of $83.24 and a 12 month high of $118.19. The company has a 50-day moving average price of $110.99 and a 200 day moving average price of $104.41. The stock has a market cap of $3.73 billion, a PE ratio of 39.44 and a beta of 1.55.

Walker & Dunlop (NYSE:WD) last released 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 return on equity of 9.81% and a net margin of 8.91%. The firm had revenue of $292.30 million for the quarter, compared to analysts’ expectations of $294.24 million. During the same period in the prior year, the firm posted $1.11 earnings per share. Walker & Dunlop’s revenue for the quarter was up 8.8% on a year-over-year basis. Sell-side analysts forecast that Walker & Dunlop, Inc. will post 5.18 EPS for the current year.

Walker & Dunlop Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be paid 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 dividend yield of 2.35%. Walker & Dunlop’s dividend payout ratio is presently 92.86%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on WD shares. StockNews.com raised shares of Walker & Dunlop from a “sell” rating to a “hold” rating in a research note on Sunday, August 11th. Wedbush lifted 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. Finally, Wolfe Research raised shares of Walker & Dunlop to a “strong-buy” rating in a research note 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.