Caisse Des Depots ET Consignations bought a new stake in Uniti Group Inc. (NASDAQ:UNIT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 96,110 shares of the real estate investment trust's stock, valued at approximately $529,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC increased its position in shares of Uniti Group by 51.3% during the 4th quarter. Signaturefd LLC now owns 8,460 shares of the real estate investment trust's stock worth $47,000 after purchasing an additional 2,870 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Uniti Group during the fourth quarter worth about $68,000. Pitcairn Co. acquired a new stake in shares of Uniti Group during the third quarter worth approximately $69,000. Virtu Financial LLC bought a new position in shares of Uniti Group in the third quarter valued at approximately $70,000. Finally, Handelsbanken Fonder AB acquired a new position in shares of Uniti Group in the 4th quarter worth approximately $71,000. 87.51% of the stock is owned by institutional investors.
Uniti Group Price Performance
Shares of UNIT stock traded up $0.19 on Tuesday, reaching $5.23. 449,858 shares of the stock were exchanged, compared to its average volume of 2,134,827. The stock has a 50 day moving average price of $5.37 and a 200 day moving average price of $5.54. The stock has a market cap of $1.28 billion, a PE ratio of 12.74 and a beta of 1.70. Uniti Group Inc. has a one year low of $2.57 and a one year high of $6.31.
Uniti Group (NASDAQ:UNIT - Get Free Report) last released its earnings results on Friday, February 21st. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.02. Uniti Group had a net margin of 8.82% and a negative return on equity of 4.12%. The company had revenue of $293.32 million for the quarter, compared to the consensus estimate of $294.59 million. On average, research analysts expect that Uniti Group Inc. will post 1.28 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts have commented on UNIT shares. Raymond James raised Uniti Group from an "outperform" rating to a "strong-buy" rating and boosted their price objective for the stock from $6.00 to $8.00 in a research note on Monday, February 24th. Royal Bank of Canada upped their price target 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.
View Our Latest Report on UNIT
About Uniti Group
(
Free Report)
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.
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