Universal Beteiligungs und Servicegesellschaft mbH Makes New $2.45 Million Investment in Uniti Group Inc. (NASDAQ:UNIT)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Uniti Group Inc. (NASDAQ:UNIT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 445,528 shares of the real estate investment trust's stock, valued at approximately $2,450,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.18% of Uniti Group as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Michels Family Financial LLC acquired a new position in Uniti Group in the fourth quarter valued at about $558,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Uniti Group by 16.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 683,626 shares of the real estate investment trust's stock valued at $3,760,000 after acquiring an additional 94,903 shares during the last quarter. Voloridge Investment Management LLC increased its position in Uniti Group by 52.3% during the fourth quarter. Voloridge Investment Management LLC now owns 510,504 shares of the real estate investment trust's stock worth $2,808,000 after buying an additional 175,308 shares during the period. Two Sigma Advisers LP raised its position in Uniti Group by 276.0% in the 4th quarter. Two Sigma Advisers LP now owns 254,200 shares of the real estate investment trust's stock valued at $1,398,000 after purchasing an additional 186,600 shares during the last quarter. Finally, Tidal Investments LLC acquired a new position in Uniti Group in the 4th quarter valued at about $98,000. 87.51% of the stock is currently owned by hedge funds and other institutional investors.

Uniti Group Stock Down 2.5%

Uniti Group stock traded down $0.11 during midday trading on Wednesday, hitting $4.32. The company's stock had a trading volume of 1,177,507 shares, compared to its average volume of 2,495,751. The company has a market capitalization of $1.06 billion, a PE ratio of 10.54 and a beta of 1.59. Uniti Group Inc. has a 12 month low of $2.57 and a 12 month high of $6.31. The stock's 50-day moving average price is $4.60 and its 200-day moving average price is $5.22.

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on UNIT. Wells Fargo & Company cut their price objective on Uniti Group from $5.00 to $4.50 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. Raymond James upgraded shares of Uniti Group from an "outperform" rating to a "strong-buy" rating and increased their price objective for the stock from $6.00 to $8.00 in a report on Monday, February 24th. Finally, Citigroup reiterated a "neutral" rating and set a $5.30 price objective on shares of Uniti Group in a research note on Friday, May 16th.

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.