CWA Asset Management Group LLC Boosts Holdings in Uniti Group Inc. (NASDAQ:UNIT)

CWA Asset Management Group LLC lifted its stake in shares of Uniti Group Inc. (NASDAQ:UNIT - Free Report) by 86.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 146,043 shares of the real estate investment trust's stock after purchasing an additional 67,561 shares during the quarter. CWA Asset Management Group LLC owned 0.06% of Uniti Group worth $736,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in UNIT. Wealth Enhancement Advisory Services LLC increased its position in shares of Uniti Group by 10.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 24,834 shares of the real estate investment trust's stock valued at $137,000 after buying an additional 2,447 shares during the period. Arizona State Retirement System grew its stake in Uniti Group by 3.6% during the fourth quarter. Arizona State Retirement System now owns 70,798 shares of the real estate investment trust's stock valued at $389,000 after acquiring an additional 2,460 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Uniti Group by 20.5% during 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 in the last quarter. Signaturefd LLC increased its holdings in 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. Finally, Franklin Resources Inc. lifted its stake in Uniti Group by 3.0% in the 4th quarter. Franklin Resources Inc. now owns 109,243 shares of the real estate investment trust's stock worth $601,000 after purchasing an additional 3,139 shares in the last quarter. Hedge funds and other institutional investors own 87.51% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on UNIT. Citigroup restated a "neutral" rating and set a $5.30 price target on shares of Uniti Group in a research report on Friday, May 16th. Wells Fargo & Company dropped 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, May 8th. Finally, Raymond James Financial upgraded Uniti Group from an "outperform" rating to a "strong-buy" rating and upped their target price for the stock from $6.00 to $8.00 in a research note on Monday, February 24th.

Uniti Group Trading Up 0.7%

Shares of NASDAQ:UNIT traded up $0.03 during trading on Tuesday, reaching $4.22. The company had a trading volume of 1,624,969 shares, compared to its average volume of 2,393,424. The company has a fifty day moving average of $4.48 and a two-hundred day moving average of $5.05. The stock has a market capitalization of $1.04 billion, a P/E ratio of 16.23 and a beta of 1.48. Uniti Group Inc. has a 12 month low of $2.59 and a 12 month high of $6.31.

Uniti Group (NASDAQ:UNIT - Get Free Report) last announced its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35. Uniti Group had a net margin of 5.45% and a negative return on equity of 2.60%. The company had revenue of $293.91 million during the quarter, compared to analyst estimates of $295.39 million. During the same period in the previous year, the business earned $0.32 earnings per share. The firm's quarterly revenue was up 2.6% compared to the same quarter last year. As a group, equities research analysts predict that Uniti Group Inc. will post 1.28 earnings per share 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.