Spinnaker Investment Group LLC Invests $699,000 in Walker & Dunlop, Inc. $WD

Spinnaker Investment Group LLC bought a new position in Walker & Dunlop, Inc. (NYSE:WD) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 12,777 shares of the financial services provider’s stock, valued at approximately $699,000.

A number of other large investors have also recently added to or reduced their stakes in the business. ProShare Advisors LLC raised its holdings in Walker & Dunlop by 3.1% during the 4th quarter. ProShare Advisors LLC now owns 6,425 shares of the financial services provider’s stock worth $386,000 after buying an additional 192 shares during the period. State of Alaska Department of Revenue increased its position in shares of Walker & Dunlop by 1.1% in the fourth quarter. State of Alaska Department of Revenue now owns 18,787 shares of the financial services provider’s stock worth $1,129,000 after acquiring an additional 202 shares in the last quarter. California State Teachers Retirement System raised its holdings in shares of Walker & Dunlop by 0.7% during the second quarter. California State Teachers Retirement System now owns 31,143 shares of the financial services provider’s stock valued at $2,195,000 after acquiring an additional 216 shares during the period. Huntington National Bank lifted its position in shares of Walker & Dunlop by 47.9% in the 4th quarter. Huntington National Bank now owns 865 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 280 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Walker & Dunlop by 107.9% in the first quarter. EverSource Wealth Advisors LLC now owns 580 shares of the financial services provider’s stock worth $26,000 after buying an additional 301 shares during the period. 80.97% of the stock is currently owned by institutional investors.

Walker & Dunlop Stock Performance

Shares of NYSE:WD opened at $43.72 on Tuesday. Walker & Dunlop, Inc. has a 52-week low of $41.38 and a 52-week high of $90.00. The company has a market cap of $1.50 billion, a P/E ratio of 39.04 and a beta of 1.49. The stock’s 50-day moving average is $50.68 and its 200-day moving average is $51.91.

Walker & Dunlop (NYSE:WD) last issued its quarterly earnings results on Thursday, August 6th. The financial services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.29. The company had revenue of $306.69 million during the quarter, compared to analyst estimates of $337.37 million. Walker & Dunlop had a return on equity of 7.25% and a net margin of 2.94%.The company’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.15 earnings per share.

Walker & Dunlop Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 6.2%. The ex-dividend date is Thursday, August 20th. Walker & Dunlop’s payout ratio is currently 242.86%.

Analyst Ratings Changes

Several research firms recently weighed in on WD. Wall Street Zen lowered Walker & Dunlop from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings raised Walker & Dunlop from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 4th. Stephens assumed coverage on Walker & Dunlop in a report on Thursday, April 23rd. They issued an “overweight” rating and a $69.00 target price on the stock. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Walker & Dunlop from $63.00 to $57.00 and set an “outperform” rating for the company in a report on Friday. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $77.20.

Walker & Dunlop Company 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.