Walker & Dunlop, Inc. $WD Shares Purchased by State of Alaska Department of Revenue

State of Alaska Department of Revenue raised its stake in Walker & Dunlop, Inc. (NYSE:WD) by 8.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,230 shares of the financial services provider’s stock after acquiring an additional 1,455 shares during the period. State of Alaska Department of Revenue owned 0.06% of Walker & Dunlop worth $1,355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. First Horizon Advisors Inc. acquired a new position in Walker & Dunlop in the first quarter valued at $27,000. Caitong International Asset Management Co. Ltd acquired a new position in Walker & Dunlop in the first quarter valued at $32,000. Parallel Advisors LLC boosted its stake in Walker & Dunlop by 122.0% in the first quarter. Parallel Advisors LLC now owns 444 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 244 shares in the last quarter. Strs Ohio acquired a new position in Walker & Dunlop in the first quarter valued at $51,000. Finally, National Bank of Canada FI boosted its stake in Walker & Dunlop by 81.9% in the first quarter. National Bank of Canada FI now owns 724 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 326 shares in the last quarter. Institutional investors and hedge funds own 80.97% of the company’s stock.

Walker & Dunlop Stock Down 0.5%

Shares of NYSE:WD opened at $83.97 on Friday. The company has a market cap of $2.86 billion, a P/E ratio of 25.92 and a beta of 1.59. Walker & Dunlop, Inc. has a 52 week low of $64.48 and a 52 week high of $118.19. The company has a 50-day moving average price of $83.10 and a 200 day moving average price of $77.04.

Walker & Dunlop (NYSE:WD) last announced its quarterly earnings data on Thursday, August 7th. The financial services provider reported $1.15 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.14). The firm had revenue of $319.24 million during the quarter, compared to analyst estimates of $275.84 million. Walker & Dunlop had a net margin of 9.27% and a return on equity of 8.81%. Walker & Dunlop’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.23 EPS. Analysts expect that Walker & Dunlop, Inc. will post 4.97 EPS for the current year.

Walker & Dunlop Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Thursday, August 21st were given a $0.67 dividend. The ex-dividend date was Thursday, August 21st. This represents a $2.68 dividend on an annualized basis and a yield of 3.2%. Walker & Dunlop’s dividend payout ratio (DPR) is presently 82.72%.

Analysts Set New Price Targets

WD has been the subject of several research analyst reports. Wedbush restated a “neutral” rating and issued a $90.00 price objective on shares of Walker & Dunlop in a research note on Thursday, August 14th. Weiss Ratings restated a “hold (c)” rating on shares of Walker & Dunlop in a research note on Saturday, September 27th. Finally, Wall Street Zen upgraded shares of Walker & Dunlop from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $92.50.

Insider Buying and Selling

In related news, EVP Paula A. Pryor sold 5,336 shares of the firm’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $86.20, for a total value of $459,963.20. Following the completion of the sale, the executive vice president owned 9,341 shares in the company, valued at $805,194.20. This trade represents a 36.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.66% of the stock is currently owned by insiders.

About Walker & Dunlop

Walker & Dunlop, Inc is a holding company, which engages in the provision of commercial real estate and finance services. It operates through the following segments: Capital Markets, Servicing and Asset Management, and Corporate. The Capital Markets segment offers a comprehensive range of commercial real estate finance products to customers.