Walker & Dunlop, Inc. (WD) To Go Ex-Dividend on August 20th

Walker & Dunlop, Inc. (NYSE:WD) announced a quarterly dividend on Wednesday, August 5th. Shareholders of record on Thursday, August 20th will be paid a dividend of 0.68 per share by the financial services provider on Thursday, September 3rd. This represents a c) dividend on an annualized basis and a yield of 6.7%. The ex-dividend date of this dividend is Thursday, August 20th.

Walker & Dunlop has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 7 consecutive years. Walker & Dunlop has a payout ratio of 61.5% meaning its dividend is sufficiently covered by earnings.

Walker & Dunlop Price Performance

WD opened at $40.69 on Tuesday. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 36.33 and a beta of 1.49. Walker & Dunlop has a 12 month low of $40.38 and a 12 month high of $90.00. The business has a 50-day moving average of $49.85 and a two-hundred day moving average of $51.13.

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 the consensus estimate of $0.90 by $0.29. The firm had revenue of $306.69 million during the quarter, compared to analyst estimates of $337.37 million. Walker & Dunlop had a net margin of 2.94% and a return on equity of 7.25%. Walker & Dunlop’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.15 earnings per share.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its stake 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 valued at $26,000 after buying an additional 301 shares in the last quarter. Essential Partners LLC lifted its position in Walker & Dunlop by 709.1% during the 1st quarter. Essential Partners LLC now owns 623 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 546 shares in the last quarter. Quantbot Technologies LP purchased a new position in Walker & Dunlop in the 2nd quarter worth approximately $35,000. Caitong International Asset Management Co. Ltd boosted its holdings in Walker & Dunlop by 1,398.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 734 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 685 shares during the period. Finally, Strs Ohio acquired a new stake in Walker & Dunlop in the first quarter valued at approximately $51,000. Institutional investors and hedge funds own 80.97% of the company’s stock.

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.