Centiva Capital LP Takes Position in Walker & Dunlop, Inc. (NYSE:WD)

Centiva Capital LP bought a new stake in shares of Walker & Dunlop, Inc. (NYSE:WD) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,189 shares of the financial services provider’s stock, valued at approximately $476,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WD. Erste Asset Management GmbH bought a new stake in Walker & Dunlop in the third quarter worth $19,843,000. Edgestream Partners L.P. bought a new stake in Walker & Dunlop in the third quarter worth $2,083,000. PDT Partners LLC lifted its position in Walker & Dunlop by 16.0% in the third quarter. PDT Partners LLC now owns 3,630 shares of the financial services provider’s stock worth $412,000 after buying an additional 500 shares during the last quarter. Verition Fund Management LLC lifted its position in Walker & Dunlop by 14.3% in the third quarter. Verition Fund Management LLC now owns 2,487 shares of the financial services provider’s stock worth $282,000 after buying an additional 312 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in Walker & Dunlop by 18.6% in the third quarter. Rockefeller Capital Management L.P. now owns 127,801 shares of the financial services provider’s stock worth $14,517,000 after buying an additional 20,037 shares during the last quarter. 80.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on WD shares. Wolfe Research upgraded Walker & Dunlop to a “strong-buy” rating in a research note on Tuesday, September 24th. StockNews.com upgraded Walker & Dunlop from a “sell” rating to a “hold” rating in a research note on Sunday, August 11th. Finally, Wedbush increased their target price on Walker & Dunlop from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th.

Walker & Dunlop Trading Up 0.9 %

Shares of Walker & Dunlop stock opened at $108.79 on Monday. The firm has a market cap of $3.67 billion, a P/E ratio of 38.85 and a beta of 1.53. Walker & Dunlop, Inc. has a 12 month low of $87.20 and a 12 month high of $118.19. The stock’s fifty day moving average price is $110.58 and its 200-day moving average price is $104.75.

Walker & Dunlop (NYSE:WD) last announced its quarterly earnings results on Thursday, November 7th. The financial services provider reported $1.19 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.10). The firm had revenue of $292.30 million for the quarter, compared to analysts’ expectations of $294.24 million. Walker & Dunlop had a net margin of 8.91% and a return on equity of 9.81%. The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.11 EPS. Analysts forecast that Walker & Dunlop, Inc. will post 5.18 earnings per share for the current year.

Walker & Dunlop Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend was Friday, November 22nd. Walker & Dunlop’s payout ratio is currently 92.86%.

Walker & Dunlop Company Profile

Walker & Dunlop, Inc, through its subsidiaries, originates, sells, and services a range of multifamily and other commercial real estate financing products and services for owners and developers of real estate in the United States. It operates through three segments: Capital Markets, Servicing & Asset Management, and Corporate.