Uniti Group Inc. (NASDAQ:UNIT) Shares Purchased by Mutual of America Capital Management LLC

view original post

Mutual of America Capital Management LLC increased its stake in shares of Uniti Group Inc. (NASDAQ:UNITGet Rating) by 5.5% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 34,016 shares of the real estate investment trust’s stock after acquiring an additional 1,763 shares during the period. Mutual of America Capital Management LLC’s holdings in Uniti Group were worth $468,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Zeno Research LLC acquired a new position in Uniti Group during the 1st quarter worth approximately $566,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Uniti Group in the 1st quarter valued at approximately $1,369,000. Exchange Traded Concepts LLC raised its position in shares of Uniti Group by 1,341.1% in the 1st quarter. Exchange Traded Concepts LLC now owns 55,309 shares of the real estate investment trust’s stock valued at $761,000 after purchasing an additional 51,471 shares in the last quarter. Bailard Inc. acquired a new position in shares of Uniti Group in the 1st quarter valued at approximately $183,000. Finally, Allworth Financial LP raised its position in shares of Uniti Group by 121.3% in the 1st quarter. Allworth Financial LP now owns 3,971 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 2,177 shares in the last quarter. 84.64% of the stock is owned by institutional investors and hedge funds.

Uniti Group Stock Down 0.6 %

Shares of UNIT opened at $9.97 on Monday. The business’s 50 day moving average is $10.14 and its two-hundred day moving average is $11.68. Uniti Group Inc. has a 52-week low of $9.10 and a 52-week high of $14.60. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of 13.66, a PEG ratio of 0.54 and a beta of 1.04.

Uniti Group (NASDAQ:UNITGet Rating) last announced its earnings results on Thursday, May 5th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.20). Uniti Group had a net margin of 16.32% and a negative return on equity of 8.54%. The business had revenue of $278.00 million during the quarter, compared to analyst estimates of $278.94 million. During the same period in the previous year, the company earned $0.41 earnings per share. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, equities analysts expect that Uniti Group Inc. will post 1.69 earnings per share for the current fiscal year.

Uniti Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 1st. Stockholders of record on Friday, June 17th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, June 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.02%. Uniti Group’s dividend payout ratio (DPR) is 82.19%.

Uniti Group Profile

(Get Rating)

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 wireless infrastructure solutions for the communications industry. As of September 30, 2020, Uniti owns 6.7 million fiber strand miles and other communications real estate throughout the United States.

Further Reading

Want to see what other hedge funds are holding UNIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uniti Group Inc. (NASDAQ:UNITGet Rating).

Receive News & Ratings for Uniti Group Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Uniti Group and related companies with MarketBeat.com’s FREE daily email newsletter.

Related Posts