New York State Teachers Retirement System increased its holdings in Uniti Group Inc. (NASDAQ:UNIT – Get Rating) by 6.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 359,503 shares of the real estate investment trust's stock after buying an additional 22,800 shares during the period. New York State Teachers Retirement System owned about 0.15% of Uniti Group worth $3,387,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. CAPROCK Group Inc. acquired a new position in Uniti Group during the 1st quarter valued at about $165,000. IFM Investors Pty Ltd bought a new stake in shares of Uniti Group during the 1st quarter worth about $357,000. Hudson Valley Investment Advisors Inc. ADV bought a new stake in shares of Uniti Group during the 1st quarter worth about $205,000. Belvedere Trading LLC bought a new stake in shares of Uniti Group during the 1st quarter worth about $483,000. Finally, Inspire Investing LLC bought a new stake in shares of Uniti Group during the 1st quarter worth about $237,000. 84.66% of the stock is owned by institutional investors and hedge funds.
Get Uniti Group alerts:Uniti Group Price Performance
NASDAQ UNIT opened at $7.03 on Monday. The company's 50 day simple moving average is $8.36 and its 200 day simple moving average is $9.97. Uniti Group Inc. has a 12 month low of $6.35 and a 12 month high of $14.60. The company has a market capitalization of $1.67 billion, a P/E ratio of 9.50, a PEG ratio of 0.26 and a beta of 1.13.
Uniti Group Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Friday, September 9th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 8.53%. The ex-dividend date of this dividend was Thursday, September 8th. Uniti Group's payout ratio is presently 81.08%.Analysts Set New Price Targets
Separately, Royal Bank of Canada dropped their target price on shares of Uniti Group from $14.00 to $10.00 and set a "sector perform" rating on the stock in a report on Thursday.
Uniti Group Company Profile
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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 September 30, 2020, Uniti owns 6.7 million fiber strand miles and other communications real estate throughout the United States.
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