Uniti Group Inc. (NASDAQ:UNIT) Shares Acquired by Nomura Holdings Inc.

Nomura Holdings Inc. lifted its holdings in shares of Uniti Group Inc. (NASDAQ:UNITFree Report) by 94.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 588,078 shares of the real estate investment trust’s stock after acquiring an additional 285,112 shares during the period. Nomura Holdings Inc.’s holdings in Uniti Group were worth $3,399,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in UNIT. Nomura Asset Management Co. Ltd. increased its position in Uniti Group by 1.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 270,300 shares of the real estate investment trust’s stock worth $1,562,000 after buying an additional 4,200 shares during the period. Aigen Investment Management LP acquired a new position in Uniti Group during the fourth quarter worth approximately $586,000. Norges Bank acquired a new position in Uniti Group during the fourth quarter worth approximately $9,139,000. Panagora Asset Management Inc. acquired a new position in Uniti Group during the fourth quarter worth approximately $2,766,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Uniti Group by 5.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 152,102 shares of the real estate investment trust’s stock worth $870,000 after buying an additional 7,395 shares during the period. Institutional investors and hedge funds own 87.51% of the company’s stock.

Uniti Group Stock Down 1.5 %

Shares of Uniti Group stock traded down $0.04 during trading on Tuesday, reaching $2.63. The company’s stock had a trading volume of 339,866 shares, compared to its average volume of 2,389,877. Uniti Group Inc. has a 12-month low of $2.62 and a 12-month high of $6.71. The company has a market capitalization of $631.88 million, a P/E ratio of 44.51 and a beta of 1.28. The business has a 50 day moving average price of $4.21 and a 200-day moving average price of $5.17.

Uniti Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $0.15 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 22.81%. Uniti Group’s dividend payout ratio (DPR) is presently 1,000.17%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on UNIT shares. TD Cowen lifted their price target on Uniti Group from $9.00 to $10.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Raymond James downgraded Uniti Group from a “strong-buy” rating to an “outperform” rating and lowered their target price for the company from $8.00 to $6.00 in a research note on Monday, May 6th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $5.50 target price on shares of Uniti Group in a research note on Monday, March 25th.

Read Our Latest Stock Report on UNIT

About Uniti Group

(Free Report)

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 fiber and other wireless solutions for the communications industry. As of December 31, 2023, Uniti owns approximately 140,000 fiber route miles, 8.5 million fiber strand miles, and other communications real estate throughout the United States.

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Institutional Ownership by Quarter for Uniti Group (NASDAQ:UNIT)

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