Envestnet Asset Management Inc. Buys 18,950 Shares of Walker & Dunlop, Inc. $WD

Envestnet Asset Management Inc. increased its stake in Walker & Dunlop, Inc. (NYSE:WD) by 19.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 114,441 shares of the financial services provider’s stock after buying an additional 18,950 shares during the period. Envestnet Asset Management Inc. owned 0.34% of Walker & Dunlop worth $9,570,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arizona State Retirement System grew its stake in Walker & Dunlop by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 10,055 shares of the financial services provider’s stock worth $841,000 after acquiring an additional 142 shares in the last quarter. Yousif Capital Management LLC boosted its holdings in shares of Walker & Dunlop by 1.4% in the second quarter. Yousif Capital Management LLC now owns 12,006 shares of the financial services provider’s stock valued at $846,000 after purchasing an additional 167 shares during the period. Profund Advisors LLC boosted its holdings in shares of Walker & Dunlop by 6.5% in the second quarter. Profund Advisors LLC now owns 2,982 shares of the financial services provider’s stock valued at $210,000 after purchasing an additional 183 shares during the period. GAMMA Investing LLC grew its stake in Walker & Dunlop by 65.7% in the third quarter. GAMMA Investing LLC now owns 479 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 190 shares in the last quarter. Finally, California State Teachers Retirement System increased its holdings in Walker & Dunlop by 0.7% during the 2nd quarter. California State Teachers Retirement System now owns 31,143 shares of the financial services provider’s stock worth $2,195,000 after purchasing an additional 216 shares during the period. Institutional investors own 80.97% of the company’s stock.

Analyst Upgrades and Downgrades

WD has been the subject of a number of research analyst reports. Jefferies Financial Group started coverage on Walker & Dunlop in a report on Friday, December 19th. They issued a “buy” rating and a $75.00 target price for the company. Keefe, Bruyette & Woods decreased their price objective on 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 lowered shares of Walker & Dunlop from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Citigroup reissued a “market outperform” rating on shares of Walker & Dunlop in a research report on Friday, December 5th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Walker & Dunlop in a report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $85.00.

Walker & Dunlop Stock Up 3.8%

Shares of Walker & Dunlop stock opened at $64.63 on Thursday. Walker & Dunlop, Inc. has a 52-week low of $58.60 and a 52-week high of $90.00. The firm’s 50 day moving average price is $62.54 and its 200-day moving average price is $72.72. The company has a market cap of $2.20 billion, a P/E ratio of 19.18 and a beta of 1.55.

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.