Voya Investment Management LLC Sells 6,743 Shares of Uniti Group Inc. $UNIT

Voya Investment Management LLC cut its stake in shares of Uniti Group Inc. (NASDAQ:UNIT) by 9.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,861 shares of the real estate investment trust’s stock after selling 6,743 shares during the quarter. Voya Investment Management LLC’s holdings in Uniti Group were worth $332,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Tidal Investments LLC purchased a new stake in shares of Uniti Group in the fourth quarter valued at about $98,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Uniti Group by 16.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 683,626 shares of the real estate investment trust’s stock valued at $3,760,000 after acquiring an additional 94,903 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Uniti Group in the fourth quarter valued at approximately $2,450,000. Wealth Enhancement Advisory Services LLC lifted its position in Uniti Group by 10.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 24,834 shares of the real estate investment trust’s stock valued at $137,000 after purchasing an additional 2,447 shares during the last quarter. Finally, California State Teachers Retirement System lifted its position in Uniti Group by 1.5% during the fourth quarter. California State Teachers Retirement System now owns 228,227 shares of the real estate investment trust’s stock valued at $1,255,000 after purchasing an additional 3,287 shares during the last quarter. 87.51% of the stock is owned by institutional investors.

Uniti Group Trading Down 0.5%

Uniti Group stock opened at $6.19 on Monday. The firm has a 50 day moving average of $6.37 and a 200 day moving average of $5.19. The firm has a market capitalization of $916.00 million, a price-to-earnings ratio of 22.50 and a beta of 1.51. Uniti Group Inc. has a 12-month low of $5.68 and a 12-month high of $12.62.

Uniti Group (NASDAQ:UNIT) last released its earnings results on Tuesday, August 5th. The real estate investment trust reported $0.36 earnings per share (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 firm 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 company posted $0.34 earnings per share. The company’s revenue was up 2.0% compared to the same quarter last year. Uniti Group has set its FY 2025 guidance at EPS. On average, analysts predict that Uniti Group Inc. will post 1.28 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company boosted their price objective 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. Wall Street Zen downgraded shares of Uniti Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Finally, Zacks Research cut shares of Uniti Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $6.70.

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.