Jacobs Levy Equity Management Inc. Makes New $817,000 Investment in Uniti Group Inc. $UNIT

Jacobs Levy Equity Management Inc. purchased a new position in Uniti Group Inc. (NASDAQ:UNIT) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 162,021 shares of the real estate investment trust’s stock, valued at approximately $817,000. Jacobs Levy Equity Management Inc. owned about 0.07% of Uniti Group as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in UNIT. Nuveen LLC bought a new stake in Uniti Group in the 1st quarter worth $6,158,000. Sona Asset Management US LLC grew its holdings in Uniti Group by 100.0% in the 4th quarter. Sona Asset Management US LLC now owns 1,200,000 shares of the real estate investment trust’s stock worth $6,600,000 after acquiring an additional 600,000 shares during the last quarter. Lazard Asset Management LLC grew its holdings in Uniti Group by 67.2% in the 4th quarter. Lazard Asset Management LLC now owns 1,167,553 shares of the real estate investment trust’s stock worth $6,420,000 after acquiring an additional 469,078 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Uniti Group in the 4th quarter worth $2,450,000. Finally, Public Sector Pension Investment Board grew its holdings in Uniti Group by 65.4% in the 1st quarter. Public Sector Pension Investment Board now owns 1,005,669 shares of the real estate investment trust’s stock worth $5,069,000 after acquiring an additional 397,499 shares during the last quarter. Institutional investors own 87.51% of the company’s stock.

Analysts Set New Price Targets

UNIT has been the topic of a number of recent analyst reports. Citigroup reissued a “neutral” rating and issued a $5.30 price target on shares of Uniti Group in a report on Friday, May 16th. Wells Fargo & Company raised their price target on shares of Uniti Group from $4.50 to $7.50 and gave the stock an “equal weight” rating in a report on Thursday, August 7th. Zacks Research cut shares of Uniti Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Finally, Wall Street Zen cut shares of Uniti Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $6.70.

Uniti Group Trading Down 2.4%

NASDAQ:UNIT opened at $6.94 on Friday. The company has a 50-day moving average price of $5.98 and a 200-day moving average price of $5.10. Uniti Group Inc. has a 12 month low of $5.68 and a 12 month high of $12.62. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 25.22 and a beta of 1.50.

Uniti Group (NASDAQ:UNIT) last posted its earnings results on Tuesday, August 5th. The real estate investment trust reported $0.36 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.06). Uniti Group had a negative return on equity of 1.43% and a net margin of 2.96%.The company had revenue of $300.73 million during the quarter, compared to analysts’ expectations of $304.06 million. During the same period in the prior year, the business posted $0.34 earnings per share. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. Uniti Group has set its FY 2025 guidance at EPS. Equities analysts forecast that Uniti Group Inc. will post 1.28 EPS for the current fiscal year.

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.