Cibc World Markets Corp Makes New $125,000 Investment in Uniti Group Inc. (NASDAQ:UNIT)

Cibc World Markets Corp purchased a new stake in Uniti Group Inc. (NASDAQ:UNIT) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 22,750 shares of the real estate investment trust’s stock, valued at approximately $125,000.

A number of other large investors have also made changes to their positions in UNIT. Proficio Capital Partners LLC purchased a new position in Uniti Group during the fourth quarter worth about $68,000. Pitcairn Co. acquired a new stake in shares of Uniti Group during the 3rd quarter worth approximately $69,000. Virtu Financial LLC purchased a new stake in shares of Uniti Group during the 3rd quarter valued at approximately $70,000. Handelsbanken Fonder AB acquired a new position in Uniti Group in the fourth quarter valued at approximately $71,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in Uniti Group in the third quarter worth approximately $74,000. 87.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Raymond James upgraded Uniti Group from an “outperform” rating to a “strong-buy” rating and lifted their target price for the company from $6.00 to $8.00 in a research report on Monday, February 24th. Royal Bank of Canada upped their target price on shares of Uniti Group from $5.50 to $6.00 and gave the company a “sector perform” rating in a research report on Monday, December 23rd.

Uniti Group Stock Down 3.2 %

NASDAQ:UNIT opened at $4.84 on Friday. Uniti Group Inc. has a 52 week low of $2.57 and a 52 week high of $6.31. The stock’s fifty day moving average is $5.41 and its two-hundred day moving average is $5.54. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 11.81 and a beta of 1.70.

Uniti Group (NASDAQ:UNIT) last posted its earnings results on Friday, February 21st. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.02. The firm had revenue of $293.32 million for the quarter, compared to analyst estimates of $294.59 million. Uniti Group had a negative return on equity of 4.12% and a net margin of 8.82%. On average, sell-side analysts expect that Uniti Group Inc. will post 1.28 EPS for the current fiscal year.

Uniti Group Company Profile

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.