State Street Corp Acquires 18,461 Shares of Walker & Dunlop, Inc. (NYSE:WD)

State Street Corp increased its holdings in shares of Walker & Dunlop, Inc. (NYSE:WD - Free Report) by 1.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,434,370 shares of the financial services provider's stock after purchasing an additional 18,461 shares during the period. State Street Corp owned approximately 4.25% of Walker & Dunlop worth $162,930,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. National Bank of Canada FI grew its position in Walker & Dunlop by 205.6% in the 2nd quarter. National Bank of Canada FI now owns 275 shares of the financial services provider's stock worth $26,000 after purchasing an additional 185 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Walker & Dunlop by 1,295.8% in the third quarter. Blue Trust Inc. now owns 335 shares of the financial services provider's stock valued at $38,000 after buying an additional 311 shares during the period. Benjamin F. Edwards & Company Inc. grew its position in Walker & Dunlop by 44.5% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 575 shares of the financial services provider's stock worth $56,000 after buying an additional 177 shares in the last quarter. GAMMA Investing LLC increased its stake in Walker & Dunlop by 64.7% during the third quarter. GAMMA Investing LLC now owns 654 shares of the financial services provider's stock valued at $74,000 after acquiring an additional 257 shares during the period. Finally, Asset Dedication LLC acquired a new position in Walker & Dunlop in the 2nd quarter valued at approximately $94,000. Institutional investors and hedge funds own 80.97% of the company's stock.

Walker & Dunlop Price Performance

Shares of NYSE:WD traded down $1.38 during midday trading on Friday, reaching $105.57. The company's stock had a trading volume of 159,289 shares, compared to its average volume of 120,079. The business's fifty day simple moving average is $110.09 and its 200-day simple moving average is $105.02. The company has a market capitalization of $3.56 billion, a P/E ratio of 37.70 and a beta of 1.53. Walker & Dunlop, Inc. has a fifty-two week low of $87.20 and a fifty-two week high of $118.19.

Walker & Dunlop (NYSE:WD - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The financial services provider reported $1.19 earnings per share for the quarter, missing analysts' consensus estimates of $1.29 by ($0.10). Walker & Dunlop had a net margin of 8.91% and a return on equity of 9.81%. The company had revenue of $292.30 million during the quarter, compared to analyst estimates of $294.24 million. During the same period in the prior year, the business earned $1.11 EPS. The business's revenue for the quarter was up 8.8% on a year-over-year basis. On average, analysts forecast that Walker & Dunlop, Inc. will post 5.18 earnings per share for the current fiscal year.

Walker & Dunlop Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 2.46%. The ex-dividend date was Friday, November 22nd. Walker & Dunlop's dividend payout ratio is 92.86%.

Analyst Ratings Changes

Several equities research analysts have issued reports on WD shares. Wolfe Research raised shares of Walker & Dunlop to a "strong-buy" rating in a report on Tuesday, September 24th. Wedbush lifted their target price on shares of Walker & Dunlop from $105.00 to $110.00 and gave the company a "neutral" rating in a research report 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.