AQR Capital Management LLC decreased its stake in Walker & Dunlop, Inc. (NYSE:WD) by 32.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 76,082 shares of the financial services provider’s stock after selling 35,943 shares during the quarter. AQR Capital Management LLC owned approximately 0.24% of Walker & Dunlop worth $3,064,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in the business. Engineers Gate Manager LP acquired a new position in Walker & Dunlop in the 1st quarter valued at $476,000. Meeder Asset Management Inc. lifted its holdings in Walker & Dunlop by 15.7% during the 1st quarter. Meeder Asset Management Inc. now owns 8,923 shares of the financial services provider’s stock valued at $360,000 after purchasing an additional 1,208 shares during the last quarter. Invesco Ltd. lifted its holdings in Walker & Dunlop by 110.0% during the 1st quarter. Invesco Ltd. now owns 286,306 shares of the financial services provider’s stock valued at $11,530,000 after purchasing an additional 149,987 shares during the last quarter. Schroder Investment Management Group increased its position in Walker & Dunlop by 36.6% in the 1st quarter. Schroder Investment Management Group now owns 56,038 shares of the financial services provider’s stock valued at $1,566,000 after acquiring an additional 15,015 shares in the last quarter. Finally, Two Sigma Investments LP acquired a new stake in Walker & Dunlop in the 1st quarter valued at about $276,000. Institutional investors own 78.34% of the company’s stock.
NYSE WD opened at $50.14 on Wednesday. The stock’s 50-day moving average price is $44.61 and its 200-day moving average price is $53.61. The company has a quick ratio of 53.98, a current ratio of 53.97 and a debt-to-equity ratio of 1.53. Walker & Dunlop, Inc. has a 52 week low of $24.55 and a 52 week high of $79.74. The company has a market capitalization of $1.56 billion, a P/E ratio of 9.03 and a beta of 1.16.
Walker & Dunlop (NYSE:WD) last released its earnings results on Wednesday, May 6th. The financial services provider reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.16. The firm had revenue of $234.16 million during the quarter, compared to analysts’ expectations of $190.15 million. Walker & Dunlop had a return on equity of 17.47% and a net margin of 20.49%. The firm’s revenue was up 24.9% on a year-over-year basis. During the same quarter last year, the business posted $1.39 earnings per share. Research analysts anticipate that Walker & Dunlop, Inc. will post 4.2 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Wednesday, May 20th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 2.87%. The ex-dividend date was Tuesday, May 19th. Walker & Dunlop’s dividend payout ratio is presently 26.42%.
A number of research analysts have weighed in on the stock. Wedbush cut their price target on shares of Walker & Dunlop from $82.50 to $66.00 and set an “outperform” rating on the stock in a research note on Monday, May 11th. JMP Securities upgraded shares of Walker & Dunlop from a “market perform” rating to an “outperform” rating and set a $60.00 price objective on the stock in a report on Tuesday, June 9th. ValuEngine cut shares of Walker & Dunlop from a “hold” rating to a “sell” rating in a research report on Wednesday, April 1st. Zacks Investment Research reissued a “sell” rating on shares of Walker & Dunlop in a report on Saturday, May 30th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Walker & Dunlop from $43.00 to $45.00 and gave the company a “market perform” rating in a research report on Thursday, May 7th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Walker & Dunlop has an average rating of “Hold” and an average price target of $57.20.
In other Walker & Dunlop news, Director Michael D. Malone purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was purchased at an average cost of $47.82 per share, with a total value of $478,200.00. Following the purchase, the director now owns 31,519 shares of the company’s stock, valued at $1,507,238.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dana L. Schmaltz purchased 3,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were acquired at an average cost of $38.75 per share, with a total value of $116,250.00. Following the completion of the purchase, the director now directly owns 59,633 shares in the company, valued at approximately $2,310,778.75. The disclosure for this purchase can be found here. 9.72% of the stock is owned by company insiders.
About Walker & Dunlop
Walker & Dunlop, Inc, through its subsidiaries, originates, sells, and services a range of multifamily and other commercial real estate loans for owners and developers of real estate in the United States. The company offers multifamily properties and commercial real estate finance products, such as first mortgage, second trust, supplemental, construction, mezzanine, preferred equity, small-balance, and bridge/interim loans.
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