New York State Common Retirement Fund Acquires 33,797 Shares of Walker & Dunlop, Inc. $WD

New York State Common Retirement Fund boosted its stake in shares of Walker & Dunlop, Inc. (NYSE:WD) by 294.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,265 shares of the financial services provider’s stock after purchasing an additional 33,797 shares during the quarter. New York State Common Retirement Fund’s holdings in Walker & Dunlop were worth $3,785,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Allworth Financial LP boosted its holdings in shares of Walker & Dunlop by 115.8% during the 2nd quarter. Allworth Financial LP now owns 479 shares of the financial services provider’s stock worth $34,000 after buying an additional 257 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Walker & Dunlop by 65.7% during the third quarter. GAMMA Investing LLC now owns 479 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 190 shares during the period. Strs Ohio acquired a new position in shares of Walker & Dunlop in the first quarter valued at approximately $51,000. CWM LLC increased its stake in shares of Walker & Dunlop by 261.6% during the third quarter. CWM LLC now owns 1,338 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 968 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in Walker & Dunlop by 18.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,905 shares of the financial services provider’s stock worth $205,000 after purchasing an additional 459 shares during the last quarter. 80.97% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on WD. JMP Securities set a $95.00 price objective on Walker & Dunlop and gave the company a “market outperform” rating in a report on Friday, October 10th. Jefferies Financial Group started coverage on shares of Walker & Dunlop in a research note on Friday, December 19th. They issued a “buy” rating and a $75.00 price target on the stock. Keefe, Bruyette & Woods cut their price objective on shares of Walker & Dunlop from $82.00 to $80.00 and set an “outperform” rating for the company in a report on Thursday, January 8th. Wall Street Zen downgraded shares of Walker & Dunlop from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Finally, Citigroup reissued a “market outperform” rating on shares of Walker & Dunlop in a research report on Friday, December 5th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.00.

Walker & Dunlop Stock Up 0.7%

Shares of NYSE:WD opened at $63.32 on Friday. The firm has a market cap of $2.16 billion, a P/E ratio of 18.79 and a beta of 1.55. Walker & Dunlop, Inc. has a 12-month low of $58.60 and a 12-month high of $95.82. The business has a fifty day simple moving average of $62.70 and a 200 day simple moving average of $73.47.

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

Walker & Dunlop Company 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.