|Bid||0.00 x 29200|
|Ask||0.00 x 1100|
|Day's Range||6.80 - 7.16|
|52 Week Range||5.41 - 14.38|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||0.49|
|Earnings Date||Feb. 01, 2022 - Feb. 07, 2022|
|Forward Dividend & Yield||0.40 (5.88%)|
|Ex-Dividend Date||Dec. 09, 2021|
|1y Target Est||8.47|
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.
PONTIAC, Mich., November 19, 2021--UWM Holdings Corporation (NYSE:UWMC) (the "Company") announced today that SFS Holding Corp, ("SFS"), its principal shareholder, has terminated the previously announced secondary offering of Class A Common Stock and concurrent stock repurchase effective immediately (the "Offering"). The Offering was intended to increase UWMC’s public float by approximately 50%, thereby making it a more liquid, tradable stock for larger indexes and institutional investors, while