11,859 Shares in Uniti Group Inc. (NASDAQ:UNIT) Purchased by Regent Peak Wealth Advisors LLC

Regent Peak Wealth Advisors LLC bought a new position in shares of Uniti Group Inc. (NASDAQ:UNITFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 11,859 shares of the real estate investment trust’s stock, valued at approximately $69,000.

Several other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. raised its position in Uniti Group by 1.0% during the second quarter. BlackRock Inc. now owns 39,363,191 shares of the real estate investment trust’s stock valued at $181,858,000 after acquiring an additional 384,244 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Uniti Group by 0.7% in the first quarter. Vanguard Group Inc. now owns 38,313,052 shares of the real estate investment trust’s stock valued at $527,187,000 after buying an additional 250,730 shares in the last quarter. State Street Corp increased its position in shares of Uniti Group by 3.2% in the first quarter. State Street Corp now owns 9,961,891 shares of the real estate investment trust’s stock valued at $36,844,000 after buying an additional 310,893 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Uniti Group by 9.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,443,763 shares of the real estate investment trust’s stock valued at $30,415,000 after buying an additional 545,205 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Uniti Group by 2.3% in the second quarter. Geode Capital Management LLC now owns 5,388,773 shares of the real estate investment trust’s stock valued at $24,896,000 after buying an additional 120,178 shares in the last quarter. 87.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on UNIT shares. Royal Bank of Canada restated a “sector perform” rating and issued a $5.50 price objective on shares of Uniti Group in a research report on Monday, March 25th. TD Cowen boosted their price objective on Uniti Group from $9.00 to $10.00 and gave the company an “outperform” rating in a research report on Friday, March 1st.

Read Our Latest Analysis on UNIT

Uniti Group Trading Down 1.4 %

Shares of UNIT opened at $5.84 on Wednesday. Uniti Group Inc. has a one year low of $2.94 and a one year high of $6.71. The stock has a 50 day moving average price of $5.73 and a 200 day moving average price of $5.36.

Uniti Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Thursday, March 28th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 10.27%. The ex-dividend date is Wednesday, March 27th. Uniti Group’s payout ratio is -333.31%.

Uniti Group Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Uniti Group (NASDAQ:UNIT)

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