Several other analysts also recently commented on the company. Citigroup set a $68.00 price objective on Colgate-Palmolive and gave the company a hold rating in a research note on Tuesday, March 19th. ValuEngine raised Zynerba Pharmaceuticals from a sell rating to a hold rating in a research note on Monday, April 1st. Zacks Investment Research downgraded Horiba from a hold rating to a sell rating in a research note on Wednesday, May 22nd. Finally, Deutsche Bank cut their target price on Uniti Group from $20.00 to $8.00 and set a hold rating for the company in a research note on Friday, March 22nd. Six research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $14.50.
UNIT opened at $9.28 on Tuesday. The firm’s 50 day moving average is $10.04. The stock has a market cap of $1.71 billion, a P/E ratio of 3.70, a PEG ratio of 1.36 and a beta of 1.03. Uniti Group has a 52 week low of $8.06 and a 52 week high of $21.89.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date is Thursday, June 27th. Uniti Group’s dividend payout ratio (DPR) is 7.97%.
Several hedge funds have recently modified their holdings of UNIT. First Trust Advisors LP raised its stake in shares of Uniti Group by 40.5% during the 4th quarter. First Trust Advisors LP now owns 190,669 shares of the real estate investment trust’s stock worth $2,969,000 after buying an additional 54,961 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Uniti Group by 2.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 32,789 shares of the real estate investment trust’s stock worth $510,000 after acquiring an additional 910 shares during the period. Northern Trust Corp grew its holdings in shares of Uniti Group by 2.7% in the 4th quarter. Northern Trust Corp now owns 1,379,838 shares of the real estate investment trust’s stock worth $21,484,000 after acquiring an additional 35,959 shares during the period. Great West Life Assurance Co. Can grew its holdings in shares of Uniti Group by 2.3% in the 4th quarter. Great West Life Assurance Co. Can now owns 109,062 shares of the real estate investment trust’s stock worth $1,574,000 after acquiring an additional 2,406 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Uniti Group by 3.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,574,722 shares of the real estate investment trust’s stock worth $40,090,000 after acquiring an additional 75,056 shares during the period. 79.34% of the stock is owned by institutional investors and hedge funds.
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 December 31, 2018, Uniti owns 5.5 million fiber strand miles, approximately 928 wireless towers, and other communications real estate throughout the United States and Latin America.
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