|Bid||6.99 x 2200|
|Ask||7.06 x 2900|
|Day's range||6.97 - 7.09|
|52-week range||5.41 - 14.38|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||0.48|
|Earnings date||01 Feb 2022 - 07 Feb 2022|
|Forward dividend & yield||0.40 (5.79%)|
|Ex-dividend date||09 Dec 2021|
|1y target est||8.47|
Recently, Matt Ishbia, CEO of UWM Holdings (NYSE: UWMC), the parent of mortgage giant United Wholesale Mortgage, canceled a previously announced stock offering. The story offers some interesting insight into how companies view their stock prices, and it also speaks to the effects of stock indexing. On Nov. 18, UWM announced that it was canceling a previously announced secondary stock offering.
A mall giant and a nursing home REIT could benefit from more public spending, two Fools parse out residential iBuying, why UWM stock surged today, outer space commercial real estate, and don't sleep on the pandemic. With an infrastructure bill now signed into law and a huge package addressing social spending and climate change passed by the House today, now might be a good time to look at real estate investment trusts (REITs) that could benefit from more government money going into the economy. Motley Fool contributor Reuben Gregg Brewer picks out mall giant Simon Property Group (NYSE: SPG) and senior housing specialist Omega Healthcare Investors (NYSE: OHI) as beneficiaries of more cash flow to consumers in general and the hard-hit nursing home niche.
Shares of the mortgage originator UWM Holdings (NYSE: UWMC) had jumped more than 22% as of 10:57 a.m. EST after the company said it had decided not to go through with a planned secondary offering. UWM also said that it would "accelerate" its previously announced share repurchase program. Earlier this week, UWM announced a secondary offering in which its controlling shareholder would sell 50 million common shares, which sent shares tumbling.