Uniti Group Inc. (NASDAQ:UNIT) Holdings Decreased by Voya Investment Management LLC

Voya Investment Management LLC lessened its holdings in Uniti Group Inc. (NASDAQ:UNIT) by 38.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,604 shares of the real estate investment trust’s stock after selling 45,750 shares during the quarter. Voya Investment Management LLC’s holdings in Uniti Group were worth $399,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its holdings in shares of Uniti Group by 4.0% in the 4th quarter. Principal Financial Group Inc. now owns 1,344,312 shares of the real estate investment trust’s stock valued at $7,394,000 after buying an additional 51,241 shares during the period. Franklin Resources Inc. lifted its holdings in Uniti Group by 2.2% in the third quarter. Franklin Resources Inc. now owns 106,104 shares of the real estate investment trust’s stock worth $572,000 after acquiring an additional 2,328 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Uniti Group by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,937,013 shares of the real estate investment trust’s stock valued at $43,654,000 after acquiring an additional 62,377 shares during the period. State of Alaska Department of Revenue grew its holdings in shares of Uniti Group by 0.9% during the fourth quarter. State of Alaska Department of Revenue now owns 255,119 shares of the real estate investment trust’s stock valued at $1,402,000 after purchasing an additional 2,397 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in shares of Uniti Group by 9.2% during the 4th quarter. Prudential Financial Inc. now owns 589,789 shares of the real estate investment trust’s stock worth $3,244,000 after purchasing an additional 49,537 shares during the period. Institutional investors own 87.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on UNIT shares. Wells Fargo & Company lowered their price objective on Uniti Group from $5.00 to $4.50 and set an “equal weight” rating for the company in a research note on Thursday. Raymond James raised shares of Uniti Group from an “outperform” rating to a “strong-buy” rating and boosted their price target for the company from $6.00 to $8.00 in a report on Monday, February 24th.

Uniti Group Trading Up 2.0 %

UNIT opened at $4.52 on Friday. Uniti Group Inc. has a twelve month low of $2.57 and a twelve month high of $6.31. The stock has a market cap of $1.11 billion, a PE ratio of 11.02 and a beta of 1.59. The business’s 50 day moving average is $4.80 and its 200-day moving average is $5.35.

Uniti Group (NASDAQ:UNIT) last announced its quarterly earnings results on Tuesday, May 6th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.35. The company had revenue of $293.91 million during the quarter, compared to analyst estimates of $295.39 million. Uniti Group had a negative return on equity of 4.12% and a net margin of 8.82%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.32 EPS. As a group, analysts forecast that Uniti Group Inc. will post 1.28 EPS for the current year.

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.