Walker & Dunlop, Inc. (WD) Shares Reduced by Prudential Financial Inc.

Walker & Dunlop, Inc. (WD) Shares Reduced by Prudential Financial Inc.

Prudential Financial Inc. lowered its stake in Walker & Dunlop, Inc. (NYSE:WD) by 18.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 416,876 shares of the financial services provider’s stock after selling 94,526 shares during the period. Prudential Financial Inc.’s holdings in Walker & Dunlop were worth $17,379,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. AQR Capital Management LLC raised its position in Walker & Dunlop by 4.5% in the fourth quarter. AQR Capital Management LLC now owns 216,692 shares of the financial services provider’s stock valued at $6,761,000 after buying an additional 9,347 shares in the last quarter. Alyeska Investment Group L.P. bought a new position in Walker & Dunlop during the fourth quarter valued at approximately $8,504,000. Two Sigma Investments LP bought a new position in Walker & Dunlop during the fourth quarter valued at approximately $1,128,000. Renaissance Technologies LLC raised its position in Walker & Dunlop by 40.5% in the fourth quarter. Renaissance Technologies LLC now owns 82,063 shares of the financial services provider’s stock valued at $2,560,000 after buying an additional 23,663 shares in the last quarter. Finally, Allianz Asset Management AG raised its position in Walker & Dunlop by 30.2% in the fourth quarter. Allianz Asset Management AG now owns 72,076 shares of the financial services provider’s stock valued at $2,248,000 after buying an additional 16,726 shares in the last quarter. Institutional investors and hedge funds own 73.45% of the company’s stock.

Shares of Walker & Dunlop, Inc. (WD) traded up 0.35% during mid-day trading on Monday, reaching $48.87. 27,352 shares of the company traded hands. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 10.86 and a beta of 1.28. The company’s 50 day moving average is $46.71 and its 200 day moving average is $38.19. Walker & Dunlop, Inc. has a 52-week low of $21.75 and a 52-week high of $53.43.

Walker & Dunlop (NYSE:WD) last posted its quarterly earnings data on Wednesday, May 3rd. The financial services provider reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.78. The business had revenue of $158.51 million for the quarter, compared to analyst estimates of $133.97 million. Walker & Dunlop had a return on equity of 20.41% and a net margin of 19.80%. The business’s revenue for the quarter was up 68.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.50 earnings per share. On average, equities analysts forecast that Walker & Dunlop, Inc. will post $4.47 earnings per share for the current year.

Several research analysts have recently commented on the company. Zacks Investment Research upgraded Walker & Dunlop from a “hold” rating to a “strong-buy” rating and set a $56.00 price target on the stock in a report on Saturday, May 6th. ValuEngine upgraded Walker & Dunlop from a “buy” rating to a “strong-buy” rating in a report on Friday. JMP Securities lowered Walker & Dunlop from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 3rd. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Walker & Dunlop in a report on Thursday, April 6th. Three research analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $35.00.

Walker & Dunlop Company Profile

Walker & Dunlop, Inc is a holding company, which conducts its operations through Walker & Dunlop, LLC. The Company provides commercial real estate financial products and services primarily to developers and owners of multifamily properties. The Company originates, sells and services a range of multifamily and other commercial real estate financing products, including Multifamily Finance, Federal Housing Administration (FHA) Finance, Capital Markets, and Proprietary Capital.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “WD”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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