Uniti Group Inc. (NASDAQ:UNIT) Shares Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership boosted its holdings in Uniti Group Inc. (NASDAQ:UNIT - Free Report) by 27.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 668,984 shares of the real estate investment trust's stock after purchasing an additional 144,967 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.27% of Uniti Group worth $3,679,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of UNIT. BNP Paribas Financial Markets boosted its holdings in Uniti Group by 206.7% during the third quarter. BNP Paribas Financial Markets now owns 212,489 shares of the real estate investment trust's stock worth $1,198,000 after purchasing an additional 143,210 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Uniti Group by 4.0% during the 4th quarter. Principal Financial Group Inc. now owns 1,344,312 shares of the real estate investment trust's stock valued at $7,394,000 after buying an additional 51,241 shares in the last quarter. Franklin Resources Inc. lifted its stake in Uniti Group by 2.2% in the 3rd quarter. Franklin Resources Inc. now owns 106,104 shares of the real estate investment trust's stock worth $572,000 after purchasing an additional 2,328 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Uniti Group by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,937,013 shares of the real estate investment trust's stock worth $43,654,000 after buying an additional 62,377 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its stake in Uniti Group by 0.9% in the fourth quarter. State of Alaska Department of Revenue now owns 255,119 shares of the real estate investment trust's stock valued at $1,402,000 after purchasing an additional 2,397 shares in the last quarter. Institutional investors and hedge funds own 87.51% of the company's stock.

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Uniti Group Stock Up 0.9 %

UNIT stock traded up $0.04 during trading on Friday, reaching $4.30. The company's stock had a trading volume of 1,725,932 shares, compared to its average volume of 2,717,543. The company's fifty day moving average is $5.16 and its 200-day moving average is $5.47. The company has a market capitalization of $1.05 billion, a P/E ratio of 10.49 and a beta of 1.57. Uniti Group Inc. has a 1 year low of $2.57 and a 1 year high of $6.31.

Uniti Group (NASDAQ:UNIT - Get Free Report) last released its quarterly earnings results on Friday, February 21st. The real estate investment trust reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.02. The firm had revenue of $293.32 million during the quarter, compared to analysts' expectations of $294.59 million. Uniti Group had a net margin of 8.82% and a negative return on equity of 4.12%. Analysts anticipate that Uniti Group Inc. will post 1.28 earnings per share for the current year.

Wall Street Analysts Forecast Growth

UNIT has been the topic of a number of analyst reports. Royal Bank of Canada lifted their target price on shares of Uniti Group from $5.50 to $6.00 and gave the stock a "sector perform" rating in a research report on Monday, December 23rd. Raymond James raised shares of Uniti Group from an "outperform" rating to a "strong-buy" rating and lifted their target price for the company from $6.00 to $8.00 in a research note on Monday, February 24th.

Uniti Group Company Profile

Uniti Group, Inc is a real estate investment trust company, which engages in the acquisition, construction, and leasing of properties. It operates through the following business segments: Uniti Leasing, Uniti Fiber, and Corporate. The Uniti Leasing segment involves mission-critical communications assets on exclusive or shared-tenant basis, and dark fiber network.