Daiwa Securities Group Inc. Sells 3,839 Shares of Uniti Group Inc. (NASDAQ:UNIT)

Daiwa Securities Group Inc. lowered its holdings in shares of Uniti Group Inc. (NASDAQ:UNIT) by 5.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 70,379 shares of the real estate investment trust’s stock after selling 3,839 shares during the period. Daiwa Securities Group Inc.’s holdings in Uniti Group were worth $407,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of UNIT. SG Americas Securities LLC grew its holdings in Uniti Group by 81.3% during the third quarter. SG Americas Securities LLC now owns 169,876 shares of the real estate investment trust’s stock worth $802,000 after purchasing an additional 76,164 shares during the period. Asset Management One Co. Ltd. grew its holdings in Uniti Group by 42,622.8% during the third quarter. Asset Management One Co. Ltd. now owns 369,125 shares of the real estate investment trust’s stock worth $1,742,000 after purchasing an additional 368,261 shares during the period. Golden State Equity Partners lifted its position in Uniti Group by 65.9% during the third quarter. Golden State Equity Partners now owns 256,250 shares of the real estate investment trust’s stock worth $1,210,000 after acquiring an additional 101,800 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in Uniti Group by 21.9% during the third quarter. Commonwealth Equity Services LLC now owns 17,644 shares of the real estate investment trust’s stock worth $83,000 after acquiring an additional 3,169 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its position in Uniti Group by 14.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 1,037,174 shares of the real estate investment trust’s stock worth $4,895,000 after acquiring an additional 128,281 shares during the last quarter. Institutional investors own 87.51% of the company’s stock.

Uniti Group Trading Up 3.3 %

NASDAQ UNIT opened at $5.78 on Friday. Uniti Group Inc. has a 1-year low of $2.94 and a 1-year high of $6.71. The company has a 50 day moving average of $5.88 and a 200-day moving average of $5.46. The company has a market cap of $1.39 billion, a price-to-earnings ratio of -32.11 and a beta of 1.40.

Uniti Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were given a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.38%. Uniti Group’s payout ratio is -333.31%.

Analysts Set New Price Targets

Several brokerages have issued reports on UNIT. TD Cowen raised their price objective on shares of Uniti Group from $9.00 to $10.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Royal Bank of Canada restated a “sector perform” rating and set a $5.50 price objective on shares of Uniti Group in a research report on Monday, March 25th.

Uniti Group Company Profile

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 fiber and other wireless solutions for the communications industry. As of December 31, 2023, Uniti owns approximately 140,000 fiber route miles, 8.5 million fiber strand miles, and other communications real estate throughout the United States.