Tower Research Capital LLC TRC lifted its position in shares of Uniti Group Inc (NASDAQ:UNIT) by 156.5% during the second quarter, HoldingsChannel reports. The firm owned 28,007 shares of the real estate investment trust’s stock after acquiring an additional 17,089 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Uniti Group were worth $561,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quad Cities Investment Group LLC acquired a new stake in shares of Uniti Group during the second quarter worth about $111,000. Winslow Evans & Crocker Inc. increased its position in shares of Uniti Group by 16,322.2% during the second quarter. Winslow Evans & Crocker Inc. now owns 5,912 shares of the real estate investment trust’s stock worth $120,000 after purchasing an additional 5,876 shares in the last quarter. Sei Investments Co. increased its position in shares of Uniti Group by 48.5% during the first quarter. Sei Investments Co. now owns 9,388 shares of the real estate investment trust’s stock worth $152,000 after purchasing an additional 3,067 shares in the last quarter. DRW Securities LLC acquired a new stake in shares of Uniti Group during the first quarter worth about $317,000. Finally, Homrich & Berg acquired a new stake in shares of Uniti Group during the second quarter worth about $322,000. Institutional investors and hedge funds own 71.33% of the company’s stock.

UNIT has been the topic of a number of research analyst reports. Morgan Stanley cut Uniti Group from an “overweight” rating to an “equal weight” rating and set a $24.00 target price on the stock. in a research report on Thursday, June 14th. BidaskClub cut Uniti Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 16th. ValuEngine cut Uniti Group from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 27th. Zacks Investment Research cut Uniti Group from a “buy” rating to a “hold” rating in a research report on Sunday, July 15th. Finally, Citigroup cut Uniti Group from a “neutral” rating to a “sell” rating and set a $27.00 price target on the stock. in a research report on Wednesday, July 18th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. Uniti Group currently has an average rating of “Hold” and an average price target of $25.80.

Shares of UNIT stock opened at $20.85 on Monday. The stock has a market capitalization of $3.66 billion, a P/E ratio of 8.31, a P/E/G ratio of 0.96 and a beta of 0.77. Uniti Group Inc has a 52-week low of $13.81 and a 52-week high of $23.42. The company has a debt-to-equity ratio of -0.04, a quick ratio of 0.04 and a current ratio of 0.04.

Uniti Group (NASDAQ:UNIT) last issued its quarterly earnings results on Thursday, August 9th. The real estate investment trust reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.65). The company had revenue of $247.30 million during the quarter, compared to analyst estimates of $250.07 million. Uniti Group had a net margin of 1.83% and a negative return on equity of 1.45%. The business’s revenue was up 16.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.60 EPS. equities research analysts forecast that Uniti Group Inc will post 2.48 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 28th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 11.51%. The ex-dividend date of this dividend is Thursday, September 27th. Uniti Group’s dividend payout ratio (DPR) is presently 95.62%.

About Uniti Group

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 June 30, 2018, Uniti owns 5.4 million fiber strand miles, approximately 770 wireless towers, and other communications real estate throughout the United States and Latin America.

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

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