Foundry Partners LLC purchased a new position in shares of Uniti Group Inc. (NASDAQ:UNIT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 102,797 shares of the real estate investment trust's stock, valued at approximately $565,000.
Several other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC raised its holdings 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 buying an additional 2,870 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in Uniti Group during the fourth quarter worth about $68,000. Virtu Financial LLC bought a new position in shares of Uniti Group in the third quarter worth about $70,000. Handelsbanken Fonder AB acquired a new stake in shares of Uniti Group in the 4th quarter valued at approximately $71,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Uniti Group during the 3rd quarter valued at approximately $74,000. 87.51% of the stock is currently owned by institutional investors and hedge funds.
Uniti Group Price Performance
NASDAQ UNIT traded down $0.22 during trading hours on Thursday, reaching $4.21. The company's stock had a trading volume of 809,837 shares, compared to its average volume of 2,708,759. The firm has a fifty day simple moving average of $5.20 and a 200-day simple moving average of $5.49. Uniti Group Inc. has a 52 week low of $2.57 and a 52 week high of $6.31. The stock has a market cap of $1.03 billion, a P/E ratio of 10.26 and a beta of 1.57.
Uniti Group (NASDAQ:UNIT - Get Free Report) last issued 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 company had revenue of $293.32 million for the quarter, compared to analyst estimates of $294.59 million. Uniti Group had a net margin of 8.82% and a negative return on equity of 4.12%. On average, research analysts expect that Uniti Group Inc. will post 1.28 earnings per share for the current year.
Analyst Ratings Changes
A number of analysts have weighed in on UNIT shares. Royal Bank of Canada raised their target price on shares of Uniti Group from $5.50 to $6.00 and gave the company a "sector perform" rating in a research report on Monday, December 23rd. Raymond James upgraded 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 report on Monday, February 24th.
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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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