Walker & Dunlop, Inc. (NYSE:WD) Holdings Lowered by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lowered its stake in Walker & Dunlop, Inc. (NYSE:WD) by 4.1% during the fourth quarter, HoldingsChannel reports. The firm owned 17,467 shares of the financial services provider’s stock after selling 742 shares during the period. Illinois Municipal Retirement Fund’s holdings in Walker & Dunlop were worth $1,698,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Erste Asset Management GmbH purchased a new position in shares of Walker & Dunlop in the third quarter worth approximately $19,843,000. JPMorgan Chase & Co. boosted its stake in Walker & Dunlop by 29.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 72,649 shares of the financial services provider’s stock worth $8,252,000 after purchasing an additional 16,481 shares during the period. Quest Partners LLC boosted its stake in Walker & Dunlop by 2,259,700.0% in the 3rd quarter. Quest Partners LLC now owns 22,598 shares of the financial services provider’s stock worth $2,567,000 after purchasing an additional 22,597 shares during the period. Weiss Asset Management LP purchased a new position in Walker & Dunlop during the 3rd quarter worth approximately $1,568,000. Finally, International Assets Investment Management LLC raised its stake in Walker & Dunlop by 11,259.2% during the 3rd quarter. International Assets Investment Management LLC now owns 13,631 shares of the financial services provider’s stock valued at $1,548,000 after purchasing an additional 13,511 shares during the period. Institutional investors and hedge funds own 80.97% of the company’s stock.

Walker & Dunlop Price Performance

Shares of WD opened at $85.81 on Friday. The business’s 50-day moving average is $92.44 and its 200-day moving average is $102.91. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 26.90 and a beta of 1.55. Walker & Dunlop, Inc. has a fifty-two week low of $81.97 and a fifty-two week high of $118.19.

Walker & Dunlop (NYSE:WD) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.18). The company had revenue of $341.45 million during the quarter, compared to analyst estimates of $316.82 million. Walker & Dunlop had a net margin of 9.55% and a return on equity of 9.64%. Equities research analysts expect that Walker & Dunlop, Inc. will post 4.97 earnings per share for the current fiscal year.

Walker & Dunlop Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 3.12%. This is a positive change from Walker & Dunlop’s previous quarterly dividend of $0.65. The ex-dividend date is Friday, February 28th. Walker & Dunlop’s dividend payout ratio (DPR) is currently 84.01%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods decreased their target price on Walker & Dunlop from $120.00 to $105.00 and set a “market perform” rating for the company in a research report on Friday, February 14th.

Walker & Dunlop Company Profile

Walker & Dunlop, Inc is a holding company, which engages in the provision of commercial real estate and finance services. It operates through the following segments: Capital Markets, Servicing and Asset Management, and Corporate. The Capital Markets segment offers a comprehensive range of commercial real estate finance products to customers.