Spinnaker Investment Group LLC Purchases Shares of 12,777 Walker & Dunlop, Inc. $WD

Spinnaker Investment Group LLC acquired a new position in shares of Walker & Dunlop, Inc. (NYSE:WD) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,777 shares of the financial services provider’s stock, valued at approximately $699,000.

Several other institutional investors and hedge funds have also modified their holdings of WD. Deprince Race & Zollo Inc. grew its holdings in shares of Walker & Dunlop by 59.9% during the fourth quarter. Deprince Race & Zollo Inc. now owns 859,072 shares of the financial services provider’s stock worth $51,673,000 after purchasing an additional 321,734 shares during the last quarter. New Age Alpha Advisors LLC lifted its position in Walker & Dunlop by 1,401.9% during the 4th quarter. New Age Alpha Advisors LLC now owns 68,846 shares of the financial services provider’s stock worth $4,141,000 after buying an additional 64,262 shares in the last quarter. Royce & Associates LP grew its holdings in Walker & Dunlop by 12.2% during the 4th quarter. Royce & Associates LP now owns 545,558 shares of the financial services provider’s stock worth $32,815,000 after acquiring an additional 59,465 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Walker & Dunlop by 8.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,369,114 shares of the financial services provider’s stock valued at $60,760,000 after acquiring an additional 104,008 shares in the last quarter. Finally, Conversant Capital LLC increased its position in Walker & Dunlop by 33.0% in the 1st quarter. Conversant Capital LLC now owns 560,316 shares of the financial services provider’s stock valued at $24,867,000 after acquiring an additional 138,936 shares in the last quarter. 80.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WD has been the topic of a number of research reports. Wall Street Zen lowered shares of Walker & Dunlop from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings upgraded shares of Walker & Dunlop from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 4th. Stephens initiated coverage on Walker & Dunlop in a report on Thursday, April 23rd. They set an “overweight” rating and a $69.00 price objective on the stock. Finally, Keefe, Bruyette & Woods decreased their price objective on Walker & Dunlop from $63.00 to $57.00 and set an “outperform” rating on the stock in a research report on Friday. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $77.20.

Walker & Dunlop Trading Down 1.6%

NYSE:WD opened at $43.72 on Tuesday. Walker & Dunlop, Inc. has a 1-year low of $41.38 and a 1-year high of $90.00. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 39.04 and a beta of 1.49. The business’s 50-day moving average price is $50.68 and its two-hundred day moving average price is $51.91.

Walker & Dunlop (NYSE:WD) last announced its quarterly earnings results on Thursday, August 6th. The financial services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.29. The company had revenue of $306.69 million during the quarter, compared to analysts’ expectations of $337.37 million. Walker & Dunlop had a return on equity of 7.25% and a net margin of 2.94%.Walker & Dunlop’s revenue was down 3.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.15 EPS.

Walker & Dunlop Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend is Thursday, August 20th. Walker & Dunlop’s dividend payout ratio (DPR) is currently 242.86%.

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.