Moody Aldrich Partners LLC Acquires 11,355 Shares of Walker & Dunlop, Inc. $WD

by · The Cerbat Gem

Moody Aldrich Partners LLC grew its stake in Walker & Dunlop, Inc. (NYSE:WD – Free Report) by 30.2% during the third quarter, HoldingsChannel.com reports. The firm owned 48,990 shares of the financial services provider’s stock after buying an additional 11,355 shares during the period. Moody Aldrich Partners LLC’s holdings in Walker & Dunlop were worth $4,097,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in WD. Geode Capital Management LLC increased its holdings in Walker & Dunlop by 2.9% in the second quarter. Geode Capital Management LLC now owns 771,212 shares of the financial services provider’s stock valued at $54,361,000 after purchasing an additional 21,446 shares during the last quarter. Deprince Race & Zollo Inc. increased its stake in shares of Walker & Dunlop by 147.7% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 537,338 shares of the financial services provider’s stock valued at $44,932,000 after acquiring an additional 320,425 shares during the last quarter. Norges Bank acquired a new stake in shares of Walker & Dunlop in the 2nd quarter valued at approximately $30,422,000. Balyasny Asset Management L.P. bought a new position in Walker & Dunlop during the 2nd quarter worth approximately $15,147,000. Finally, JPMorgan Chase & Co. grew its holdings in Walker & Dunlop by 64.3% during the second quarter. JPMorgan Chase & Co. now owns 203,584 shares of the financial services provider’s stock valued at $14,349,000 after purchasing an additional 79,710 shares during the period. 80.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on WD. Jefferies Financial Group initiated coverage on shares of Walker & Dunlop in a report on Friday, December 19th. They issued a “buy” rating and a $75.00 target price on the stock. Wall Street Zen cut Walker & Dunlop from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Walker & Dunlop in a research report on Monday. Citigroup reiterated a “market outperform” rating on shares of Walker & Dunlop in a report on Friday, December 5th. Finally, JMP Securities set a $95.00 target price on shares of Walker & Dunlop and gave the stock a “market outperform” rating in a report on Friday, October 10th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Walker & Dunlop presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.40.

Check Out Our Latest Stock Analysis on WD

Walker & Dunlop Price Performance

Shares of NYSE WD opened at $60.09 on Thursday. The business has a 50-day moving average of $67.03 and a 200-day moving average of $75.10. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 17.83 and a beta of 1.58. Walker & Dunlop, Inc. has a fifty-two week low of $59.83 and a fifty-two week high of $98.61.

Walker & Dunlop (NYSE:WD – Get Free Report) last issued its quarterly earnings results on Thursday, November 6th. The financial services provider reported $1.22 EPS for the quarter, beating the consensus estimate of $1.21 by $0.01. Walker & Dunlop had a return on equity of 8.85% and a net margin of 9.31%.The firm had revenue of $337.68 million during the quarter, compared to analysts’ expectations of $325.10 million. During the same period in the prior year, the firm posted $1.19 earnings per share. The business’s quarterly revenue was up 15.5% compared to the same quarter last year. On average, sell-side analysts expect that Walker & Dunlop, Inc. will post 4.97 EPS for the current year.

Walker & Dunlop Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 21st were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Friday, November 21st. Walker & Dunlop’s dividend payout ratio is 79.53%.

Walker & Dunlop Company Profile

(Free Report)

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.

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