Everence Capital Management Inc. Reduces Holdings in Walker & Dunlop, Inc. (NYSE:WD)

Everence Capital Management Inc. reduced its stake in Walker & Dunlop, Inc. (NYSE:WD) by 5.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,120 shares of the financial services provider’s stock after selling 220 shares during the period. Everence Capital Management Inc.’s holdings in Walker & Dunlop were worth $401,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. National Bank of Canada FI increased its stake in Walker & Dunlop by 205.6% during the 2nd quarter. National Bank of Canada FI now owns 275 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 185 shares in the last quarter. Blue Trust Inc. raised its stake in Walker & Dunlop by 1,295.8% in the 3rd quarter. Blue Trust Inc. now owns 335 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 311 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in Walker & Dunlop by 44.5% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 575 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 177 shares during the period. GAMMA Investing LLC grew its stake in Walker & Dunlop by 64.7% during the 3rd quarter. GAMMA Investing LLC now owns 654 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 257 shares during the last quarter. Finally, Asset Dedication LLC acquired a new position in shares of Walker & Dunlop in the second quarter valued at about $94,000. 80.97% of the stock is currently owned by institutional investors and hedge funds.

Walker & Dunlop Stock Performance

NYSE WD opened at $95.99 on Monday. Walker & Dunlop, Inc. has a fifty-two week low of $87.20 and a fifty-two week high of $118.19. The firm has a market capitalization of $3.24 billion, a P/E ratio of 34.28 and a beta of 1.53. The stock has a 50-day simple moving average of $105.94 and a two-hundred day simple moving average of $105.54.

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

Walker & Dunlop Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $2.60 annualized dividend and a yield of 2.71%. Walker & Dunlop’s dividend payout ratio is presently 92.86%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on WD shares. Wolfe Research upgraded Walker & Dunlop to a “strong-buy” rating in a research report on Tuesday, September 24th. Wedbush lifted their price objective on shares of Walker & Dunlop from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th.

About Walker & Dunlop

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.