Tiaa Fsb reduced its equity stake in Uniti Group Inc. (NASDAQ: UNIT – Get a rating) by 4.3% in the first quarter, HoldingsChannel reports. The fund held 54,947 shares of the real estate investment trust after selling 2,474 shares during the period. Tiaa Fsb’s holdings in Uniti Group were worth $756,000 when she last filed with the SEC.
Other hedge funds and other institutional investors also changed their stakes in the company. Alberta Investment Management Corp increased its position in Uniti Group by 36.4% during the fourth quarter. Alberta Investment Management Corp now owns 90,980 shares of the real estate investment trust valued at $1,275,000 after acquiring an additional 24,260 shares during the period. Yousif Capital Management LLC bought a new position in Uniti Group during Q4, valued at approximately $3,018,000. Chilton Capital Management LLC bought a new position in Uniti Group during Q4, valued at around $79,000. Advisor Resource Council increased its position in Uniti Group by 112.5% in the 4th quarter. Advisor Resource Council now owns 89,887 shares of the real estate investment trust worth $1,260,000 after acquiring an additional 47,580 shares during the period. Finally, Louisiana State Employees Retirement System increased its stake in Uniti Group by 1.6% in the fourth quarter. The Louisiana State Employees Retirement System now owns 114,300 shares of the real estate investment trust worth $1,601,000 after purchasing an additional 1,800 shares in the last quarter. 84.64% of the stock is held by institutional investors.
Shares of Uniti Group Shares opened at $10.01 on Friday. The stock has a market capitalization of $2.37 billion, a PE ratio of 13.71 and a beta of 1.00. Uniti Group Inc. has a 52-week low of $9.47 and a 52-week high of $14.60. The company has a 50-day simple moving average of $11.27 and a two-hundred-day simple moving average of $12.32.
Uniti Group (NASDAQ: UNIT – Get a rating) last reported results on Thursday, May 5. The real estate investment trust reported earnings per share (EPS) of $0.21 for the quarter, missing the consensus estimate of $0.41 per ($0.20). The company posted revenue of $278.00 million in the quarter, compared to $278.94 million expected by analysts. Uniti Group recorded a negative return on equity of 8.54% and a net margin of 16.32%. The company’s quarterly revenue increased 2.0% year over year. During the same period last year, the firm posted earnings per share of $0.41. On average, research analysts expect Uniti Group Inc. to post 1.69 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 1. Shareholders of record on Friday, June 17 will receive a dividend of $0.15. The ex-dividend date is Thursday, June 16. This represents an annualized dividend of $0.60 and a yield of 5.99%. Uniti Group’s dividend payout ratio (DPR) is currently 82.19%.
Uniti Group Profile (Get a rating)
Uniti, an internally managed real estate investment trust, is engaged in the acquisition and construction of critical communications infrastructure and is a leading provider of wireless infrastructure solutions for the communications industry. As of September 30, 2020, Uniti owned 6.7 million miles of fiber strands and other communications real estate across the United States.
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