Pathstone Holdings LLC Lowers Position in Walker & Dunlop, Inc. (NYSE:WD)

Pathstone Holdings LLC lessened its position in Walker & Dunlop, Inc. (NYSE:WD) by 10.9% during the third quarter, Holdings Channel reports. The fund owned 14,324 shares of the financial services provider’s stock after selling 1,757 shares during the period. Pathstone Holdings LLC’s holdings in Walker & Dunlop were worth $1,627,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Quest Partners LLC increased its holdings in Walker & Dunlop by 2,259,700.0% during the 3rd quarter. Quest Partners LLC now owns 22,598 shares of the financial services provider’s stock valued at $2,567,000 after purchasing an additional 22,597 shares during the period. KBC Group NV boosted its holdings in Walker & Dunlop by 28.4% in the third quarter. KBC Group NV now owns 1,203 shares of the financial services provider’s stock worth $137,000 after acquiring an additional 266 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Walker & Dunlop by 33.1% in the third quarter. Victory Capital Management Inc. now owns 1,415,479 shares of the financial services provider’s stock worth $160,784,000 after acquiring an additional 351,957 shares during the last quarter. Versor Investments LP bought a new position in shares of Walker & Dunlop during the third quarter valued at $375,000. Finally, Chartwell Investment Partners LLC bought a new position in shares of Walker & Dunlop in the third quarter worth approximately $885,000. 80.97% of the stock is owned by hedge funds and other institutional investors.

Walker & Dunlop Price Performance

Shares of WD opened at $110.84 on Thursday. The business’s 50 day simple moving average is $111.02 and its 200-day simple moving average is $104.28. Walker & Dunlop, Inc. has a 1 year low of $81.74 and a 1 year high of $118.19. The stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of 39.59 and a beta of 1.55.

Walker & Dunlop (NYSE:WD) last announced 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). The business 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 revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.11 EPS. On average, sell-side analysts expect that Walker & Dunlop, Inc. will post 5.18 earnings per share for the current year.

Walker & Dunlop Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend is Friday, November 22nd. Walker & Dunlop’s payout ratio is currently 92.86%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on WD shares. Wolfe Research upgraded shares of Walker & Dunlop to a “strong-buy” rating in a research note on Tuesday, September 24th. Wedbush raised their price objective on Walker & Dunlop from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Finally, StockNews.com raised Walker & Dunlop from a “sell” rating to a “hold” rating in a report on Sunday, August 11th.

Walker & Dunlop Profile

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.