Asset Management One Co. Ltd. Buys 14,485 Shares of Uniti Group Inc. $UNIT

Asset Management One Co. Ltd. increased its stake in Uniti Group Inc. (NASDAQ:UNIT) by 4.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 362,088 shares of the real estate investment trust’s stock after acquiring an additional 14,485 shares during the quarter. Asset Management One Co. Ltd. owned 0.15% of Uniti Group worth $1,564,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its stake in shares of Uniti Group by 53.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 32,531 shares of the real estate investment trust’s stock valued at $170,000 after acquiring an additional 11,395 shares in the last quarter. Panagora Asset Management Inc. increased its stake in shares of Uniti Group by 287.9% in the 1st quarter. Panagora Asset Management Inc. now owns 318,066 shares of the real estate investment trust’s stock valued at $1,603,000 after acquiring an additional 236,061 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Uniti Group by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 36,996,734 shares of the real estate investment trust’s stock valued at $186,464,000 after acquiring an additional 151,070 shares in the last quarter. Nuveen LLC bought a new stake in shares of Uniti Group in the 1st quarter valued at $6,158,000. Finally, Russell Investments Group Ltd. increased its stake in shares of Uniti Group by 457.8% in the 1st quarter. Russell Investments Group Ltd. now owns 127,265 shares of the real estate investment trust’s stock valued at $641,000 after acquiring an additional 104,451 shares in the last quarter. Institutional investors own 87.51% of the company’s stock.

Analyst Ratings Changes

UNIT has been the subject of several research analyst reports. Wells Fargo & Company lifted their price objective on shares of Uniti Group from $4.50 to $7.50 and gave the company an “equal weight” rating in a research note on Thursday, August 7th. Weiss Ratings reissued a “sell (d)” rating on shares of Uniti Group in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of Uniti Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. JPMorgan Chase & Co. started coverage on shares of Uniti Group in a research report on Thursday, October 23rd. They issued a “neutral” rating and a $7.00 price target for the company. Finally, Zacks Research raised shares of Uniti Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $6.63.

Uniti Group Price Performance

UNIT opened at $5.84 on Thursday. The company has a market capitalization of $864.20 million, a price-to-earnings ratio of 21.23 and a beta of 1.56. The firm’s fifty day moving average price is $6.21 and its two-hundred day moving average price is $5.35. Uniti Group Inc. has a 1 year low of $5.30 and a 1 year 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 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.06). The business had revenue of $300.73 million for the quarter, compared to the consensus estimate of $304.06 million. Uniti Group had a negative return on equity of 1.43% and a net margin of 2.96%.The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.34 earnings per share. Uniti Group has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Uniti Group Inc. will post 1.28 EPS for the current 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.