Teacher Retirement System of Texas Invests $294,000 in Uniti Group Inc. (NASDAQ:UNIT)

Teacher Retirement System of Texas bought a new stake in Uniti Group Inc. (NASDAQ:UNIT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 53,430 shares of the real estate investment trust's stock, valued at approximately $294,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cerity Partners LLC lifted its holdings in Uniti Group by 58.7% in the 3rd quarter. Cerity Partners LLC now owns 99,791 shares of the real estate investment trust's stock valued at $563,000 after purchasing an additional 36,907 shares in the last quarter. FMR LLC lifted its stake in shares of Uniti Group by 30.6% during the third quarter. FMR LLC now owns 296,932 shares of the real estate investment trust's stock valued at $1,675,000 after buying an additional 69,573 shares during the period. Quantbot Technologies LP boosted its position in Uniti Group by 19.7% during the third quarter. Quantbot Technologies LP now owns 58,258 shares of the real estate investment trust's stock worth $329,000 after acquiring an additional 9,585 shares during the last quarter. BNP Paribas Financial Markets grew its stake in Uniti Group by 206.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 212,489 shares of the real estate investment trust's stock worth $1,198,000 after acquiring an additional 143,210 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Uniti Group by 129.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 588,723 shares of the real estate investment trust's stock valued at $3,320,000 after acquiring an additional 332,115 shares during the last quarter. Hedge funds and other institutional investors own 87.51% of the company's stock.

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Uniti Group Trading Down 5.7 %

Shares of UNIT traded down $0.30 during mid-day trading on Thursday, reaching $4.94. The company had a trading volume of 2,017,702 shares, compared to its average volume of 2,677,106. Uniti Group Inc. has a fifty-two week low of $2.57 and a fifty-two week high of $6.31. The firm has a fifty day simple moving average of $5.35 and a 200-day simple moving average of $5.53. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 12.05 and a beta of 1.70.

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on UNIT shares. Royal Bank of Canada lifted their price objective on 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 lifted their price target for the company from $6.00 to $8.00 in a report on Monday, February 24th.

About Uniti Group

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.