Brown Advisory Inc. Decreases Holdings in Walker & Dunlop, Inc. (WD)

Brown Advisory Inc. lessened its holdings in Walker & Dunlop, Inc. (NYSE:WD) by 0.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 246,991 shares of the financial services provider’s stock after selling 1,905 shares during the quarter. Brown Advisory Inc.’s holdings in Walker & Dunlop were worth $13,060,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. boosted its holdings in Walker & Dunlop by 5.1% in the third quarter. BlackRock Inc. now owns 4,075,474 shares of the financial services provider’s stock worth $215,512,000 after purchasing an additional 198,567 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Walker & Dunlop by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,822,365 shares of the financial services provider’s stock worth $101,415,000 after purchasing an additional 10,585 shares during the period. Boston Partners boosted its holdings in Walker & Dunlop by 3.1% in the second quarter. Boston Partners now owns 1,495,943 shares of the financial services provider’s stock worth $83,249,000 after purchasing an additional 45,657 shares during the period. Bank of New York Mellon Corp boosted its holdings in Walker & Dunlop by 0.9% in the third quarter. Bank of New York Mellon Corp now owns 474,136 shares of the financial services provider’s stock worth $25,072,000 after purchasing an additional 4,033 shares during the period. Finally, Northern Trust Corp boosted its holdings in Walker & Dunlop by 4.9% in the second quarter. Northern Trust Corp now owns 375,480 shares of the financial services provider’s stock worth $20,896,000 after purchasing an additional 17,501 shares during the period. 79.75% of the stock is owned by hedge funds and other institutional investors.

In other news, President Howard W. Smith III sold 25,000 shares of the business’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $54.28, for a total transaction of $1,357,000.00. Following the completion of the transaction, the president now owns 606,408 shares of the company’s stock, valued at $32,915,826.24. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director E. John Rice, Jr. sold 4,644 shares of the business’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $54.25, for a total transaction of $251,937.00. Following the transaction, the director now directly owns 22,579 shares of the company’s stock, valued at approximately $1,224,910.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 54,644 shares of company stock valued at $2,930,687. Corporate insiders own 11.70% of the company’s stock.

A number of equities analysts have commented on WD shares. Wedbush reaffirmed a “hold” rating and issued a $58.00 price objective on shares of Walker & Dunlop in a report on Tuesday, September 25th. JMP Securities decreased their price objective on shares of Walker & Dunlop from $65.00 to $60.00 and set a “market outperform” rating for the company in a report on Thursday, November 1st. Zacks Investment Research downgraded shares of Walker & Dunlop from a “hold” rating to a “sell” rating in a report on Saturday. Finally, ValuEngine downgraded shares of Walker & Dunlop from a “hold” rating to a “sell” rating in a report on Saturday, October 6th. Two equities research analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. Walker & Dunlop has a consensus rating of “Hold” and an average target price of $61.75.

Shares of WD opened at $47.23 on Monday. Walker & Dunlop, Inc. has a 1 year low of $41.96 and a 1 year high of $61.44. The firm has a market cap of $1.48 billion, a PE ratio of 9.92 and a beta of 1.09. The company has a debt-to-equity ratio of 2.56, a current ratio of 8.48 and a quick ratio of 8.48.

Walker & Dunlop (NYSE:WD) last announced its quarterly earnings results on Wednesday, October 31st. The financial services provider reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.15). Walker & Dunlop had a net margin of 29.89% and a return on equity of 18.23%. The firm had revenue of $184.70 million for the quarter, compared to analyst estimates of $203.03 million. During the same period last year, the firm posted $1.06 EPS. The business’s revenue was up 2.8% compared to the same quarter last year. On average, analysts anticipate that Walker & Dunlop, Inc. will post 4.95 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 4th. Stockholders of record on Friday, November 16th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Thursday, November 15th. Walker & Dunlop’s dividend payout ratio (DPR) is 21.01%.

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Walker & Dunlop Company Profile

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 loans, second trust loans, supplemental financings, construction loans, mezzanine loans, and bridge/interim loans.

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Institutional Ownership by Quarter for Walker & Dunlop (NYSE:WD)

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