Walker & Dunlop, Inc. $WD Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its stake in shares of Walker & Dunlop, Inc. (NYSE:WD) by 19.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 114,441 shares of the financial services provider’s stock after purchasing an additional 18,950 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Walker & Dunlop were worth $9,570,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ARGA Investment Management LP lifted its stake in shares of Walker & Dunlop by 151.4% during the third quarter. ARGA Investment Management LP now owns 18,113 shares of the financial services provider’s stock worth $1,515,000 after buying an additional 10,908 shares during the period. Norges Bank acquired a new position in shares of Walker & Dunlop in the 2nd quarter valued at $30,422,000. Y Intercept Hong Kong Ltd raised its stake in Walker & Dunlop by 137.4% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 31,425 shares of the financial services provider’s stock worth $2,628,000 after acquiring an additional 18,186 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in Walker & Dunlop in the 2nd quarter worth $1,394,000. Finally, Tributary Capital Management LLC lifted its position in Walker & Dunlop by 93.2% during the 3rd quarter. Tributary Capital Management LLC now owns 325,282 shares of the financial services provider’s stock worth $27,200,000 after acquiring an additional 156,944 shares during the period. 80.97% of the stock is owned by hedge funds and other institutional investors.

Walker & Dunlop Trading Up 3.8%

Shares of NYSE:WD opened at $64.63 on Thursday. Walker & Dunlop, Inc. has a 12-month low of $58.60 and a 12-month high of $90.00. The business has a 50 day moving average of $62.54 and a two-hundred day moving average of $72.72. The company has a market capitalization of $2.20 billion, a PE ratio of 19.18 and a beta of 1.55.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Citigroup reissued a “market outperform” rating on shares of Walker & Dunlop in a report on Friday, December 5th. Wall Street Zen lowered Walker & Dunlop from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Jefferies Financial Group started coverage on shares of Walker & Dunlop in a report on Friday, December 19th. They issued a “buy” rating and a $75.00 price target on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of Walker & Dunlop from $82.00 to $80.00 and set an “outperform” rating for the company in a research note on Thursday, January 8th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Walker & Dunlop in a report on Monday, December 29th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $85.00.

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.