Intech Investment Management LLC Acquires 7,050 Shares of Walker & Dunlop, Inc. (NYSE:WD)

Intech Investment Management LLC grew its holdings in shares of Walker & Dunlop, Inc. (NYSE:WD) by 50.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,034 shares of the financial services provider’s stock after purchasing an additional 7,050 shares during the quarter. Intech Investment Management LLC owned approximately 0.06% of Walker & Dunlop worth $2,389,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in WD. Victory Capital Management Inc. lifted its position in shares of Walker & Dunlop by 33.1% during the 3rd quarter. Victory Capital Management Inc. now owns 1,415,479 shares of the financial services provider’s stock valued at $160,784,000 after buying an additional 351,957 shares during the last quarter. Ceredex Value Advisors LLC bought a new position in Walker & Dunlop during the third quarter worth about $8,156,000. GPM Growth Investors Inc. purchased a new position in shares of Walker & Dunlop in the second quarter worth about $4,595,000. Castleark Management LLC purchased a new position in shares of Walker & Dunlop in the first quarter worth about $4,297,000. Finally, Moody Aldrich Partners LLC raised its position in shares of Walker & Dunlop by 92.2% in the third quarter. Moody Aldrich Partners LLC now owns 67,122 shares of the financial services provider’s stock valued at $7,624,000 after purchasing an additional 32,207 shares during the period. 80.97% of the stock is currently owned by institutional investors.

Walker & Dunlop Trading Up 1.6 %

Walker & Dunlop stock opened at $108.49 on Monday. Walker & Dunlop, Inc. has a 1-year low of $81.24 and a 1-year high of $118.19. The firm has a market capitalization of $3.66 billion, a PE ratio of 38.75 and a beta of 1.55. The firm’s 50 day simple moving average is $110.82 and its 200 day simple moving average is $104.04.

Walker & Dunlop (NYSE:WD) last released its quarterly earnings results on Thursday, November 7th. The financial services provider reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.29 by ($0.10). The firm had revenue of $292.30 million during the quarter, compared to the consensus estimate of $294.24 million. Walker & Dunlop had a return on equity of 9.81% and a net margin of 8.91%. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.11 EPS. Research analysts forecast that Walker & Dunlop, Inc. will post 5.18 earnings per share for the current year.

Walker & Dunlop Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be given 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 2.40%. Walker & Dunlop’s dividend payout ratio (DPR) is presently 92.86%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on WD. StockNews.com upgraded shares of Walker & Dunlop from a “sell” rating to a “hold” rating in a research note on Sunday, August 11th. Wedbush lifted their price target on Walker & Dunlop from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Finally, Wolfe Research raised Walker & Dunlop to a “strong-buy” rating in a report on Tuesday, September 24th.

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.