Macquarie Group Ltd. lowered its position in shares of Uniti Group Inc (NASDAQ:UNIT) by 33.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 18,700 shares of the real estate investment trust’s stock after selling 9,400 shares during the quarter. Macquarie Group Ltd.’s holdings in Uniti Group were worth $291,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the company. First Allied Advisory Services Inc. increased its position in Uniti Group by 5.7% in the fourth quarter. First Allied Advisory Services Inc. now owns 13,598 shares of the real estate investment trust’s stock worth $212,000 after buying an additional 728 shares during the period. Legal & General Group Plc increased its position in Uniti Group by 4.4% in the fourth quarter. Legal & General Group Plc now owns 399,118 shares of the real estate investment trust’s stock worth $6,214,000 after buying an additional 16,899 shares during the period. Sylebra HK Co Ltd increased its position in Uniti Group by 3.0% in the fourth quarter. Sylebra HK Co Ltd now owns 1,320,849 shares of the real estate investment trust’s stock worth $20,566,000 after buying an additional 38,926 shares during the period. Municipal Employees Retirement System of Michigan acquired a new stake in Uniti Group in the fourth quarter worth $657,000. Finally, Metropolitan Life Insurance Co. NY increased its position in Uniti Group by 2.2% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 50,968 shares of the real estate investment trust’s stock worth $794,000 after buying an additional 1,093 shares during the period. Institutional investors and hedge funds own 72.24% of the company’s stock.
Several equities research analysts have weighed in on UNIT shares. ValuEngine lowered Uniti Group from a “hold” rating to a “sell” rating in a research report on Friday, February 22nd. Zacks Investment Research raised Uniti Group from a “strong sell” rating to a “hold” rating in a research report on Saturday, January 5th. Deutsche Bank dropped their target price on Uniti Group from $20.00 to $8.00 and set a “hold” rating on the stock in a research report on Friday, March 22nd. Cowen lowered Uniti Group from an “outperform” rating to a “market perform” rating in a research report on Tuesday, February 19th. Finally, BidaskClub lowered Uniti Group from a “buy” rating to a “hold” rating in a research report on Friday, February 22nd. Six analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $15.00.
NASDAQ:UNIT opened at $12.30 on Tuesday. Uniti Group Inc has a 1 year low of $8.06 and a 1 year high of $23.42. The firm has a market capitalization of $2.22 billion, a PE ratio of 4.90, a price-to-earnings-growth ratio of 1.80 and a beta of 1.07.
Uniti Group (NASDAQ:UNIT) last released its quarterly earnings results on Wednesday, March 20th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.58). Uniti Group had a negative return on equity of 0.67% and a net margin of 0.91%. The business had revenue of $270.75 million during the quarter, compared to the consensus estimate of $267.00 million. During the same period in the previous year, the company posted $0.64 EPS. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, research analysts expect that Uniti Group Inc will post 2.18 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, March 29th. This represents a $0.20 annualized dividend and a yield of 1.63%. Uniti Group’s dividend payout ratio is currently 7.97%.
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Uniti Group 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 wireless infrastructure solutions for the communications industry. As of December 31, 2018, Uniti owns 5.5 million fiber strand miles, approximately 928 wireless towers, and other communications real estate throughout the United States and Latin America.
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