| Profitability | 64/100 |
| Growth | 58/100 |
| Momentum | 86/100 |
| Quality | 70/100 |
| Earnings Quality | 83/100 |
| Balance Sheet | 23/100 |
| Value | 49/100 |
| Risk (safety) | 15/100 |
| Overall | 56.4/100 |
| Symbol | IS Score |
|---|---|
| AMH | 56 |
| ELS | 67 |
| CPT | 50 |
| MAA | 37 |
| SUI | 24 |
| INVH | 57 |
| UDR | 56 |
Both readings sit above the midpoint — business quality at 56 and price structure at 62 out of 100 — so they are not in conflict. The fundamentals and the tape are saying the same thing, which is the case in which either one alone would have been enough.
| Trigger | Where it stands now | What it would mean |
|---|---|---|
| IS Score reaches 75 and holds two consecutive quarters | now 56.4 | would move us up one band |
| IS Score stops falling - one quarter higher than the prior | last four: 46 → 54 → 59 → 56 | the direction matters more than the level |
| Technical vote share back above 50% | now 55% | price structure no longer broken |
| Institutional holder count rises two quarters running | peak 527 → now 526 | fewer institutions willing to hold is our clearest warning |
This page is InsiderStreet's own reading, produced from the data in the rest of this document. It is not a price target and not investment advice. Analyst consensus and street price targets appear later under their own heading and are the street's numbers, not ours.
| Quarter | Holders | 13F shares | Value | Reported own% | Guard |
|---|---|---|---|---|---|
| 2026 Q2 | 526 | 343.2M | $13.0B | 105.6% | ex-outlier 96.0% |
| 2026 Q1 | 527 | 324.8M | $10.2B | 99.9% | |
| 2025 Q4 | 527 | 341.9M | $11.6B | 105.2% | ex-outlier 89.8% |
| 2025 Q3 | 510 | 302.8M | $16.9B | 93.1% | |
| 2025 Q2 | 527 | 331.5M | $16.1B | 102.0% | |
| 2025 Q1 | 513 | 333.4M | $13.7B | 102.5% | |
| 2024 Q4 | 514 | 333.6M | $13.1B | 102.6% | |
| 2024 Q3 | 505 | 329.5M | $13.5B | 101.4% | |
| 2024 Q2 | 483 | 323.0M | $13.2B | 99.3% | |
| 2024 Q1 | 457 | 326.6M | $12.2B | 100.5% | |
| 2023 Q4 | 464 | 321.2M | $12.6B | 98.8% | |
| 2023 Q3 | 450 | 320.0M | $11.4B | 98.4% |
Why 2026-06 reads 105.58%. Institutions cannot hold more of a company than exists. The reported 343.2M shares exceed the 325.1M outstanding, and a single filer accounts for the excess: BlackRock, Inc. reports 31,250,868 shares against 36,179,139 the prior quarter, a 1x jump, which alone would be 9.6% of the company. Excluding that filing, ownership is 96.0%. We publish both figures. 13F filings are due 45 days after quarter end and amendments keep arriving after that, so the newest quarter is provisional by construction - this is what an unsettled quarter looks like.
Why 2025-12 reads 105.16%. Institutions cannot hold more of a company than exists. The reported 341.9M shares exceed the 325.1M outstanding, and a single filer accounts for the excess: VANGUARD GROUP INC reports 49,902,666 shares against 50,296,645 the prior quarter, a 1x jump, which alone would be 15.3% of the company. Excluding that filing, ownership is 89.8%. We publish both figures. 13F filings are due 45 days after quarter end and amendments keep arriving after that, so the newest quarter is provisional by construction - this is what an unsettled quarter looks like.
| Insider | Role | Date | Type | Shares | Value | Post-Txn Owned |
|---|---|---|---|---|---|---|
| Bragg David D. | SVP - Chief Financial Officer | 2026-07-23 | TAX W/H | 2,134 | $0.08M | 27,892 |
| Toomey Thomas W | director, Chairman, President and CEO | 2026-06-05 | SELL | 80,000 | $3.14M | 810,455 |
| 6-mo decomposition (Form 4) | Txns | Shares | Value | Signal weight |
|---|---|---|---|---|
| S — Open-market sales | 1 | 80,000 | $3.1M | Counted |
| F — Tax withholding | 1 | 2,134 | $0.1M | None — compensation |
| P — Open-market purchases | 0 | 0 | $0 | Counted — none occurred |
| Filed | Filer | Shares registered | Est. proceeds |
|---|---|---|---|
| 2026-06-05 | Thomas W Toomey | 80,000 | $3.1M |
| 2025-02-20 | Toomey Thomas W | 25,000 | $1.1M |
| 2024-09-20 | Alcock Harry G | 5,000 | $0.2M |
| 2024-06-07 | Toomey Thomas W | 90,000 | $3.6M |
| Trailing 12 mo | 1 filings | 80,000 | $3M |
| Filed | Form | Reporting person | % of class | Shares |
|---|---|---|---|---|
| 2026-08-14 | SCHEDULE 13G/A | Cohen & Steers Ireland Limited | 0.01% | 0.0M sh |
| 2026-07-30 | SCHEDULE 13G/A | BlackRock, Inc. | 9.50% | 30.8M sh |
| 2026-07-08 | SCHEDULE 13G/A | Cohen & Steers Ireland Limited | 0.01% | 0.0M sh |
| 2026-05-14 | SCHEDULE 13G | Capital Research Global Investors | 7.80% | 25.6M sh |
| Member | Chamber | Trade | Size band | Traded | Disclosed |
|---|---|---|---|---|---|
| Ro Khanna | House | BUY | $1,001 - $15,000 | 2025-09-29 | 2025-10-03 |
| Julie Johnson | House | SELL | $1,001 - $15,000 | 2025-09-25 | 2025-10-08 |
| Julie Johnson | House | SELL | $1,001 - $15,000 | 2025-09-24 | 2025-10-08 |
| Alan Armstrong | Senate | BUY | $1,001 - $15,000 | 2026-03-27 | 2026-07-21 |
| Manager | Shares | Value |
|---|---|---|
| Wealth Enhancement Advisory Servic | 119,474 | $4M |
| Y-Intercept | 107,226 | $4M |
| Czech National Bank | 83,999 | $3M |
| Ifm Investors Pty Ltd | 64,695 | $2M |
| Gateway Investment Advisers Llc | 54,630 | $2M |
| Pensionfund Pdn | 39,605 | $1M |
| Fund | Weight | Position |
|---|---|---|
| VGSNX | 0.6% | $372M |
| VNQ | 0.6% | $372M |
| VGSLX | 0.6% | $372M |
| VITSX | 0.0% | $341M |
| VTI | 0.0% | $341M |
| VSMPX | 0.0% | $341M |
| ATS Venue (4-wk) | Shares | Avg trade |
|---|---|---|
| Incr Intelligent Cross Llc | 4.7M | 73 sh |
| Ebxl Level Ats | 4.3M | 41 sh |
| Ubsa Ubs Ats | 2.7M | 77 sh |
| Mstx Ms Trajectory Cross (Ats-1) | 2.4M | 87 sh |
| Bids Bids Ats | 1.8M | 463 sh |
| Sgmt Sigma X2 | 1.7M | 72 sh |
Moat score 44/100 — Weak; primary source Efficient Scale.
| Officer | Title |
|---|---|
| Keith Benson | Senior VP & Chief Legal Officer |
| David Dooley Bragg | Senior Vice President & Chief Financial Officer |
| Thomas W. Toomey | Chairman, President & Chief Executive Officer |
| Michael D. Lacy | Senior Vice President & Chief Operating Officer |
| Period | EPS est. | EPS actual | EPS surprise | Rev est. ($M) | Rev actual ($M) | Rev surprise |
|---|
| YoY growth | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | +4.0% | +17.6% | +7.3% | +2.7% | +2.4% |
| Gross profit | +6.3% | +45.2% | +18.6% | +6.2% | +5.1% |
| Operating income | +7.6% | -6.4% | +153.2% | -55.2% | +13.3% |
| Net income | +133.4% | -42.1% | +411.2% | -79.8% | +321.6% |
| $M · FY ends | FY21 | FY22 | FY23 | FY24 | FY25 | Trend |
|---|---|---|---|---|---|---|
| Revenue | 1,291 | 1,517 | 1,628 | 1,672 | 1,712 | |
| Cost of revenue | 1,063 | 1,186 | 1,235 | 1,255 | 1,274 | |
| Gross profit | 228 | 331 | 393 | 417 | 438 | |
| R&D expense | 0 | 0 | 0 | 0 | 0 | |
| SG&A expense | 58 | 64 | 70 | 84 | 116 | |
| Operating income | 268 | 251 | 635 | 285 | 322 | |
| EBITDA | 969 | 935 | 1,349 | 1,000 | 1,002 | |
| D&A | 620 | 680 | 692 | 695 | 680 | |
| Pretax income | 162 | 93 | 477 | 97 | 405 | |
| Income tax | 1 | 0 | 2 | 1 | 1 | |
| Net income | 150 | 87 | 444 | 90 | 378 | |
| Diluted EPS ($) | 0.48 | 0.26 | 1.34 | 0.26 | 1.13 | |
| Diluted shares (M) | 302 | 323 | 329 | 330 | 331 |
| $M | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | 1.2 | 2.9 | 1.3 | 36.9 | |
| ST investments | 0.0 | 0.0 | 0.0 | 0.0 | |
| Receivables (net) | 54.7 | 228.8 | 247.8 | 150.0 | |
| Total current assets | 84.9 | 263.7 | 283.3 | 151.2 | |
| PP&E (net) | 194.1 | 190.6 | 187.0 | 187.6 | |
| Goodwill + intangibles | 0.0 | 0.0 | 2.3 | 0.0 | |
| Total assets | 11,038.5 | 11,373.2 | 10,897.6 | 10,605.7 | |
| Accounts payable | 153.2 | 141.3 | 115.1 | 0.0 | |
| Short-term debt | 328.0 | 412.7 | 299.3 | 801.7 | |
| Deferred revenue | 52.0 | 50.5 | 61.6 | 0.0 | |
| Total current liabilities | 751.8 | 848.9 | 726.7 | 45.6 | |
| Long-term debt | 5,159.3 | 5,386.0 | 5,527.7 | 5,202.7 | |
| Total liabilities | 6,100.3 | 6,420.8 | 6,436.7 | 6,456.9 | |
| Shareholders' equity | 4,938.1 | 4,952.4 | 4,460.9 | 4,148.8 |
| $M | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Net income | 92.6 | 474.5 | 95.9 | 377.7 | |
| D&A | 679.6 | 691.8 | 695.5 | 680.0 | |
| Stock-based compensation | 27.5 | 32.9 | 32.6 | 26.5 | |
| Working capital change | (3.3) | (36.4) | (35.9) | 0.0 | |
| Operating cash flow | 820.1 | 832.7 | 876.8 | 902.9 | |
| Capital expenditures | (236.0) | (312.3) | (271.7) | 0.0 | |
| Investing cash flow | (929.5) | (289.1) | (276.4) | (151.0) | |
| Buybacks | (49.0) | (25.0) | 0.0 | (117.8) | |
| Dividends paid | (488.0) | (544.6) | (563.3) | 0.0 | |
| Debt issuance / (repay) | 77.3 | 83.4 | 29.9 | 0.0 | |
| Financing cash flow | 111.2 | (538.9) | (599.9) | (750.4) | |
| Free cash flow | 584.1 | 520.3 | 605.2 | 902.9 |
| Ratio | FY21 | FY22 | FY23 | FY24 | FY25 | TTM | Trend |
|---|---|---|---|---|---|---|---|
| PROFITABILITY | |||||||
| ROE | 4.5% | 2.3% | 11.0% | 2.4% | 11.2% | 16% | |
| ROA | 1.5% | 0.8% | 4.0% | 0.8% | 3.5% | 5.1% | |
| ROIC | 2.9% | 2.6% | 6.3% | 3.0% | 3.8% | 4.9% | |
| Gross margin | 17.7% | 21.8% | 24.1% | 24.9% | 25.6% | 55.7% | |
| Operating margin | 20.8% | 16.5% | 39.0% | 17.0% | 18.8% | 28.2% | |
| Net margin | 11.6% | 5.7% | 27.3% | 5.4% | 22.1% | 30.4% | |
| EBITDA margin | 75.0% | 61.6% | 82.9% | 59.8% | 58.5% | 76.8% | |
| FCF margin | 38.5% | 38.5% | 32.0% | 36.2% | 52.7% | — | |
| VALUATION | |||||||
| P/E | 107.79 | 127.85 | 26.00 | 153.67 | 31.92 | 21.7 | |
| P/B | 4.70 | 2.71 | 2.89 | 4.00 | 3.67 | 3.8 | |
| P/S | 12.53 | 7.32 | 7.10 | 8.23 | 7.04 | 6.41 | |
| P/FCF | 32.51 | 19.03 | 22.20 | 22.75 | 13.35 | 11.9 | |
| EV/EBITDA | 22.48 | 18.03 | 12.96 | 19.77 | 15.42 | 12.9 | |
| EV/Revenue | 16.87 | 11.06 | 10.77 | 11.83 | 10.63 | 9.9 | |
| Earnings yield | 0.9% | 0.8% | 3.8% | 0.7% | 3.1% | 4.69% | |
| FCF yield | 3.1% | 5.3% | 4.5% | 4.4% | 7.5% | 8.37% | |
| Ratio | FY21 | FY22 | FY23 | FY24 | FY25 | TTM | Trend |
|---|---|---|---|---|---|---|---|
| LEVERAGE & SOLVENCY | |||||||
| Current ratio | 0.09 | 0.11 | 0.31 | 0.39 | 3.31 | 0.15 | |
| Quick ratio | 0.09 | 0.11 | 0.31 | 0.39 | 3.31 | 0.15 | |
| Debt / equity | 1.63 | 1.39 | 1.50 | 1.75 | 1.88 | 2.04 | |
| Debt / assets | 52.0% | 51.4% | 52.6% | 55.1% | 58.3% | 58.4% | |
| Net debt / EBITDA | 5.79 | 6.09 | 4.42 | 6.01 | 5.21 | 4.54 | |
| Interest coverage | 1.87 | 1.58 | 3.59 | 1.35 | 2.55 | — | |
| Ratio | FY21 | FY22 | FY23 | FY24 | FY25 | TTM | Trend |
|---|---|---|---|---|---|---|---|
| EFFICIENCY | |||||||
| Asset turnover | 0.13 | 0.14 | 0.15 | 0.15 | 0.16 | 0.17 | |
| Receivables turnover | 13.97 | 37.21 | 11.48 | 7.01 | 8.61 | 10.0 | |
| DSO (days) | 26 | 10 | 32 | 52 | 42 | 37 | |
| DPO (days) | 43 | 45 | 44 | 37 | 20 | 62 | |
| Cash conversion cycle | -16 | -35 | -12 | 15 | 23 | -25 | |
| GROWTH (YoY) | |||||||
| Revenue growth | 4.0% | 17.6% | 7.3% | 2.7% | 2.4% | — | |
| Net income growth | 133.4% | -42.1% | 411.2% | -79.8% | 321.6% | — | |
| EPS growth | 117.9% | -43.9% | 406.9% | -80.0% | 319.9% | — | |
| FCF growth | 15.6% | 17.4% | -10.9% | 16.3% | 49.2% | — | |
| PER SHARE ($) | |||||||
| EPS (diluted, TTM) | 0.47 | 0.27 | 1.35 | 0.27 | 1.14 | 1.61 | |
| Book value / share | 10.90 | 12.57 | 12.14 | 10.39 | 9.89 | 9.04 | |
| Revenue / share | 4.09 | 4.65 | 4.95 | 5.05 | 5.15 | 5.28 | |
| FCF / share | 1.57 | 1.79 | 1.58 | 1.83 | 2.71 | 2.83 | |
| Cash / share | 0.00 | 0.00 | 0.01 | 0.00 | 0.11 | 0.00 | |
| SHAREHOLDER RETURN & SCORES | |||||||
| Buyback yield | 0.0% | 0.4% | 0.0% | 0.0% | 1.0% | 3.22% | |
| Altman Z-Score | 1.32 | 0.80 | 0.91 | 0.94 | 0.89 | 0.6 | |
| Piotroski F-Score | 6 | 7 | 7 | 6 | 6 | 8/9 | |
| Beneish M-Score | -3.36 | -2.07 | 0.16 | -2.84 | -3.10 | -3.14 | |
| Model | Score | Zone | Note |
|---|---|---|---|
| Piotroski F-Score | 8 / 9 | Strong | |
| Altman Z-Score | 0.6 | Distress (<1.81) | Distress |
| Income quality | 1.69 | Cash-backed | OCF ÷ net income |
| Beneish M-Score | -3.14 | Non-manipulator | vs −2.22 threshold |
| DuPont Decomposition (TTM) | Value |
|---|---|
| Tax burden | 0.93 |
| Interest burden | 0.86 |
| Operating margin | 37.9% |
| Asset turnover | 0.16× |
| Financial leverage | 3.34× |
| = ROE | 17% |
| Growth Quality (live) | Value |
|---|---|
| Revenue stability | 0.85 |
| Earnings stability | 0.33 |
| Earnings persistence | 0.50 |
| Revenue CAGR 3y | 2.5% |
| EPS CAGR 3y | 6.1% |
| FCF CAGR 3y | 20.3% |
| Company | Mkt cap | P/E | ROE | Net margin | Rev growth | Piotroski | 1-yr ret |
|---|---|---|---|---|---|---|---|
| AMH | $11.2B | 24.8 | 7% | 24.9% | +4.5% | 8/9 | -3.2% |
| ELS | $11.9B | 30.6 | 23% | 24.2% | +9.6% | 7/9 | +1.9% |
| CPT | $9.9B | 32.6 | 8% | 4.8% | +0.8% | 6/9 | -2.2% |
| MAA | $13.5B | 34.1 | 7% | 21.9% | +0.8% | 7/9 | -11.3% |
| SUI | $14.4B | -16.7 | -13% | — | -20.0% | 4/9 | — |
| INVH | $16.0B | 24.8 | 7% | 29.3% | +6.7% | 7/9 | — |
| ESS | $17.3B | 41.9 | 8% | 12.8% | +4.7% | 4/9 | — |
| EQR | $23.9B | 27.6 | 8% | 14.5% | +3.0% | 6/9 | — |
| Consensus estimates | Revenue mean | High / Low | EPS mean | High / Low | # EPS est. |
|---|---|---|---|---|---|
| FY2026 | $1.70B | $1.72B / $1.69B | $1.09 | $1.10 / $1.08 | 8 |
| FY2027 | $1.75B | $1.78B / $1.74B | $0.58 | $0.59 / $0.58 | 5 |
| FY2028 | $1.81B | $1.83B / $1.79B | $0.66 | $0.93 / $0.39 | 4 |
| Window | Avg Target | vs. Price | # Targets |
|---|---|---|---|
| Last Month | $38.67 | +12.9% | 3 |
| Last Quarter | $41.08 | +19.9% | 12 |
| Last Year | $40.21 | +17.4% | 31 |
| All Time | $43.74 | +27.7% | 63 |
| Moving Average | Value | Distance | % Distance | Signal |
|---|---|---|---|---|
| SMA 20 | $33.83 | +0.43 | +1.27% | Above |
| SMA 50 | $35.49 | -1.23 | -3.47% | Below |
| SMA 200 | $36.83 | -2.57 | -6.98% | Below |
| EMA 9 | $34.00 | +0.26 | +0.76% | Above |
| EMA 21 | $34.19 | +0.07 | +0.20% | Above |
| EMA 50 | $35.25 | -0.99 | -2.81% | Below |
| EMA 200 | $36.74 | -2.48 | -6.75% | Below |
| Level | Value | Level | Value |
|---|---|---|---|
| Pivot / R1 / R2 | $34.29 / $34.48 / $34.75 | S1 / S2 | $34.02 / $33.83 |
| Bollinger (20,2) | $33.30 – $34.36 | Squeeze | ON |
| 52-wk range | $32.94 – $41.85 | Off 52-wk high | -18.2% |
| ATR (14) | $0.59 (1.7%) | Historical vol | 14.3% |
| Computed from live weekly prices | UDR | S&P 500 |
|---|---|---|
| Weekly volatility (σ, 1y) | 2.88% | 1.83% |
| Best / worst week (1y) | +5.7% / -7.4% | — |
| Max drawdown (5y, monthly) | -40.2% | — |
| 1-week VaR (95%) | -4.6% | — |
| Beta (5y) | 0.69 | 1.00 |
| Reading | UDR | REIT - Residential n=75 | Real Estate n=2,764 | All US symbols n=70,435 |
|---|---|---|---|---|
| Overall | -11.9 | -26.5 | -28.0 | -20.5 |
| Trend | -45.2 | -42.5 | -37.3 | -21.3 |
| Momentum | +20.3 | -3.5 | -17.0 | -15.8 |
| Volume | +30.4 | -34.6 | -26.6 | -3.8 |
| Executive | Total comp | Structure |
|---|---|---|
| Thomas W. Toomey Chairman, President and Ch | $9.4M | 0% equity+incentive |
| Michael D. Lacy Senior Vice President - Chi | $3.4M | 0% equity+incentive |
| David D. Bragg | $1.9M | 0% equity+incentive |
| Keith Benson | $1.7M | 0% equity+incentive |
| Pillar (live disclosure scores) | Score |
|---|---|
| Environmental | 52 |
| Social | 48 |
| Governance | 52 |
| Composite ESG | 51 |
| Filed | 8-K contents | Items |
|---|---|---|
| 2026-09-09 | Regulation FD; Exhibits | 7.01,9.01 |
| 2026-07-27 | Earnings Release; Exhibits | 2.02,9.01 |
| 2026-05-29 | Regulation FD; Exhibits | 7.01,9.01 |
| 2026-05-27 | Shareholder Vote | 5.07 |
| 2026-05-04 | Other Events; Exhibits | 8.01,9.01 |
| 2026-04-29 | Earnings Release; Regulation FD; Exhibits | 2.02,7.01,9.01 |
| 2026-02-27 | Regulation FD Disclosure; Financial Statements and Exhibits | 7.01,9.01 |
| 2026-02-20 | Other Events; Financial Statements and Exhibits | 8.01,9.01 |
Methodology. Every figure originates in InsiderStreet's production data layer and is computed deterministically by the same engines that power insiderstreet.ai. This factsheet contains no model-written text. Sections without underlying data are omitted rather than estimated.
| Data domain | Source | Coverage for this report |
|---|---|---|
| Price & volume | market_db.historical_prices | 52 rows |
| Fundamentals | income_statements_annual | 6 rows · 2020 to 2025 |
| Reported vs consensus | fact/earnings_calendar | 24 rows · 2020-07-28 to 2026-04-29 |
| Analyst estimates | dim/forward_estimates | 3 rows · 2026-12-31 to 2028-12-31 |
| Institutional ownership (13F) | holdings_db.institutional_ownership_summary | 81 rows · 2006 to 2026 |
| Insider transactions (Form 4) | edgar/form4 | 2 rows · 2026-06-05 to 2026-07-23 |
| Proposed sales (Form 144) | edgar/form144 | 1 record |
| Beneficial ownership (13D/G) | edgar/13dg | 4 rows · 2026-05-14 to 2026-08-14 |
| Short-sale volume (FINRA) | edgar/short_volume_daily | 60 rows · 2026-07-23 to 2026-10-15 |
| Dark pool (ATS, tier 1) | edgar/darkpool_weekly | 12 rows · 2026-06-15 to 2026-08-31 |
| ETF & fund holding | etf_holdings_changelog (30d) | 1 record |
| Peer set | stock_peers_dynamic | 8 rows |
| Industry medians | industry_medians | 1 record |
| Congressional trades | congress_db (House + Senate) | 1 record |
| ESG | fact/esg_disclosures | 1 record |
Method. Every figure in this factsheet is looked up from a named field computed in code. It contains no model-written text.
Not covered. Short interest as a percent of float and days-to-cover are not in this data set — the short-sale figures above are FINRA volume, a flow, and cannot support squeeze or covering analysis. Options positioning and intraday data are also absent. 13F ownership is filed 45 days after quarter end and congressional trades are disclosed on a lag, so both describe a past position, not a current one.