Rockefeller Capital Management L.P. Trims Stock Position in Walker & Dunlop, Inc. $WD

Rockefeller Capital Management L.P. cut its stake in Walker & Dunlop, Inc. (NYSE:WD) by 39.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 215,260 shares of the financial services provider’s stock after selling 140,271 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.63% of Walker & Dunlop worth $12,948,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of WD. Flagship Harbor Advisors LLC bought a new stake in shares of Walker & Dunlop during the 4th quarter valued at about $25,000. Huntington National Bank raised its stake in Walker & Dunlop by 49.6% in the third quarter. Huntington National Bank now owns 585 shares of the financial services provider’s stock worth $49,000 after buying an additional 194 shares in the last quarter. Strs Ohio bought a new position in Walker & Dunlop in the first quarter worth about $51,000. Caitong International Asset Management Co. Ltd lifted its holdings in Walker & Dunlop by 1,398.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 734 shares of the financial services provider’s stock worth $44,000 after buying an additional 685 shares during the period. Finally, Empowered Funds LLC purchased a new stake in Walker & Dunlop in the fourth quarter worth about $62,000. 80.97% of the stock is owned by hedge funds and other institutional investors.

Walker & Dunlop Price Performance

Shares of NYSE WD opened at $53.04 on Thursday. Walker & Dunlop, Inc. has a 1 year low of $42.12 and a 1 year high of $90.00. The firm has a 50-day moving average of $51.15 and a 200 day moving average of $54.68. The stock has a market cap of $1.82 billion, a P/E ratio of 26.26 and a beta of 1.50.

Walker & Dunlop Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 5.1%. The ex-dividend date was Thursday, May 21st. Walker & Dunlop’s dividend payout ratio (DPR) is presently 134.65%.

Analyst Ratings Changes

A number of research analysts have weighed in on WD shares. Wall Street Zen upgraded Walker & Dunlop from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Stephens began coverage on Walker & Dunlop in a research note on Thursday, April 23rd. They issued an “overweight” rating and a $69.00 target price for the company. Keefe, Bruyette & Woods lifted their price target on Walker & Dunlop from $65.00 to $67.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Finally, Weiss Ratings cut Walker & Dunlop from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 28th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $79.20.

About Walker & Dunlop

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.