Teacher Retirement System of Texas Acquires 165,383 Shares of Uniti Group Inc. (NASDAQ:UNIT)

Teacher Retirement System of Texas raised its holdings in Uniti Group Inc. (NASDAQ:UNIT - Free Report) by 309.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 218,813 shares of the real estate investment trust's stock after purchasing an additional 165,383 shares during the quarter. Teacher Retirement System of Texas owned 0.09% of Uniti Group worth $1,103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Proficio Capital Partners LLC purchased a new position in shares of Uniti Group in the 4th quarter worth about $68,000. Arizona State Retirement System raised its position in Uniti Group by 3.6% in the fourth quarter. Arizona State Retirement System now owns 70,798 shares of the real estate investment trust's stock worth $389,000 after acquiring an additional 2,460 shares during the period. Raymond James Financial Inc. purchased a new position in Uniti Group in the fourth quarter valued at about $2,418,000. PNC Financial Services Group Inc. boosted its stake in Uniti Group by 20.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 16,376 shares of the real estate investment trust's stock valued at $90,000 after acquiring an additional 2,790 shares during the last quarter. Finally, Amundi grew its position in shares of Uniti Group by 175.5% during the 4th quarter. Amundi now owns 118,420 shares of the real estate investment trust's stock valued at $643,000 after acquiring an additional 75,438 shares during the period. Institutional investors own 87.51% of the company's stock.

Analysts Set New Price Targets

UNIT has been the topic of a number of research reports. Citigroup reaffirmed a "neutral" rating and issued a $5.30 price target on shares of Uniti Group in a report on Friday, May 16th. Wells Fargo & Company reduced their price objective on Uniti Group from $5.00 to $4.50 and set an "equal weight" rating for the company in a report on Thursday, May 8th.

Uniti Group Stock Performance

NASDAQ UNIT traded up $0.17 during trading on Monday, hitting $4.70. 2,438,753 shares of the company's stock traded hands, compared to its average volume of 2,104,664. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 18.08 and a beta of 1.46. Uniti Group Inc. has a 12-month low of $3.49 and a 12-month high of $6.31. The business has a 50 day moving average of $4.36 and a 200-day moving average of $4.91.

Uniti Group (NASDAQ:UNIT - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The real estate investment trust reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. The firm had revenue of $293.91 million for the quarter, compared to analysts' expectations of $295.39 million. Uniti Group had a negative return on equity of 2.60% and a net margin of 5.45%. The company's revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.32 earnings per share. On average, analysts expect that Uniti Group Inc. will post 1.28 EPS for the current year.

Uniti Group 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.