Cerity Partners LLC purchased a new stake in shares of Uniti Group Inc. (NASDAQ:UNIT – Free Report) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 45,871 shares of the real estate investment trust’s stock, valued at approximately $265,000.
Several other institutional investors and hedge funds have also modified their holdings of UNIT. Nordea Investment Management AB acquired a new position in Uniti Group during the fourth quarter worth $9,714,000. Federated Hermes Inc. increased its position in Uniti Group by 226.7% during the third quarter. Federated Hermes Inc. now owns 1,555,458 shares of the real estate investment trust’s stock worth $7,342,000 after buying an additional 1,079,300 shares during the last quarter. DigitalBridge Group Inc. increased its position in Uniti Group by 55.1% during the third quarter. DigitalBridge Group Inc. now owns 1,676,326 shares of the real estate investment trust’s stock worth $7,912,000 after buying an additional 595,864 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in Uniti Group by 538.0% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 685,874 shares of the real estate investment trust’s stock worth $3,978,000 after buying an additional 578,371 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Uniti Group by 9.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,443,763 shares of the real estate investment trust’s stock worth $30,415,000 after buying an additional 545,205 shares during the last quarter. 87.51% of the stock is currently owned by hedge funds and other institutional investors.
Uniti Group Price Performance
UNIT stock opened at $5.78 on Monday. Uniti Group Inc. has a 52-week low of $2.94 and a 52-week high of $6.71. The company has a 50-day moving average of $5.88 and a two-hundred day moving average of $5.47. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of -32.11 and a beta of 1.40.
Uniti Group Dividend Announcement
Analyst Ratings Changes
A number of equities research analysts have issued reports on UNIT shares. TD Cowen upped their price target on shares of Uniti Group from $9.00 to $10.00 and gave the company an “outperform” rating in a report on Friday, March 1st. Royal Bank of Canada restated a “sector perform” rating and set a $5.50 price target on shares of Uniti Group in a report on Monday, March 25th.
View Our Latest Stock Analysis on Uniti Group
Uniti Group Company Profile
Uniti, an internally managed real estate investment trust, is engaged in the acquisition and construction of mission critical communications infrastructure, and is a leading provider of fiber and other wireless solutions for the communications industry. As of December 31, 2023, Uniti owns approximately 140,000 fiber route miles, 8.5 million fiber strand miles, and other communications real estate throughout the United States.
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