Mitsubishi UFJ Asset Management Co. Ltd. Purchases 16,112 Shares of Uniti Group Inc. (NASDAQ:UNIT)

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Uniti Group Inc. (NASDAQ:UNIT) by 10.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 168,214 shares of the real estate investment trust’s stock after purchasing an additional 16,112 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Uniti Group were worth $922,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Signaturefd LLC lifted its holdings in shares of Uniti Group by 51.3% during the 4th quarter. Signaturefd LLC now owns 8,460 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 2,870 shares during the period. Proficio Capital Partners LLC bought a new position in Uniti Group during the fourth quarter worth about $68,000. Virtu Financial LLC acquired a new stake in Uniti Group during the third quarter valued at approximately $70,000. Handelsbanken Fonder AB acquired a new stake in Uniti Group during the fourth quarter valued at approximately $71,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Uniti Group in the 3rd quarter valued at approximately $74,000. Institutional investors and hedge funds own 87.51% of the company’s stock.

Uniti Group Trading Up 0.4 %

NASDAQ UNIT opened at $5.24 on Thursday. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 12.78 and a beta of 1.70. Uniti Group Inc. has a 1-year low of $2.57 and a 1-year high of $6.31. The company has a 50 day moving average of $5.35 and a 200-day moving average of $5.53.

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

Analyst Ratings Changes

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

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.