Foster & Motley Inc. Has $69,000 Position in Uniti Group Inc. (NASDAQ:UNIT)

Foster & Motley Inc. reduced its stake in shares of Uniti Group Inc. (NASDAQ:UNIT) by 46.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,916 shares of the real estate investment trust’s stock after selling 10,157 shares during the quarter. Foster & Motley Inc.’s holdings in Uniti Group were worth $69,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of UNIT. SG Americas Securities LLC raised its stake 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 acquiring an additional 76,164 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of 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 last quarter. Golden State Equity Partners grew its holdings in shares of 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 purchasing an additional 101,800 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of 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 purchasing an additional 3,169 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in shares of 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 purchasing an additional 128,281 shares during the last quarter. 87.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Uniti Group Trading Down 2.0 %

Uniti Group stock opened at $5.60 on Friday. The business’s 50-day simple moving average is $5.86 and its 200 day simple moving average is $5.46. Uniti Group Inc. has a 12-month low of $2.94 and a 12-month high of $6.71.

Uniti Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 10.72%. The ex-dividend date of this dividend was Wednesday, March 27th. Uniti Group’s dividend payout ratio is -333.31%.

Uniti Group 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.