Stifel Financial Corp Lowers Stake in Uniti Group Inc (UNIT)

Stifel Financial Corp lowered its position in Uniti Group Inc (NASDAQ:UNIT) by 10.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,529 shares of the real estate investment trust’s stock after selling 1,968 shares during the period. Stifel Financial Corp’s holdings in Uniti Group were worth $260,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Uniti Group by 9.2% during the 3rd quarter. Vanguard Group Inc. now owns 24,299,028 shares of the real estate investment trust’s stock worth $489,626,000 after purchasing an additional 2,051,974 shares during the last quarter. Vanguard Group Inc boosted its holdings in shares of Uniti Group by 9.2% in the 3rd quarter. Vanguard Group Inc now owns 24,299,028 shares of the real estate investment trust’s stock valued at $489,626,000 after acquiring an additional 2,051,974 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of Uniti Group by 15,343.2% in the 4th quarter. Bank of Montreal Can now owns 4,285,801 shares of the real estate investment trust’s stock valued at $66,729,000 after acquiring an additional 4,258,049 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake 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 valued at $40,090,000 after purchasing an additional 75,056 shares during the period. Finally, Northern Trust Corp lifted its stake 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 valued at $21,484,000 after purchasing an additional 35,959 shares during the period. 69.97% of the stock is currently owned by hedge funds and other institutional investors.

Shares of UNIT traded up $0.53 during mid-day trading on Friday, reaching $11.79. The stock had a trading volume of 3,475,309 shares, compared to its average volume of 2,440,887. Uniti Group Inc has a 52-week low of $8.06 and a 52-week high of $23.42. The firm has a market capitalization of $2.06 billion, a P/E ratio of 4.70, a P/E/G ratio of 1.73 and a beta of 1.04.

Uniti Group (NASDAQ:UNIT) last announced its quarterly earnings data on Thursday, May 9th. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.54). The firm had revenue of $261.03 million during the quarter, compared to analysts’ expectations of $270.25 million. Uniti Group had a net margin of 0.91% and a negative return on equity of 0.67%. As a group, equities analysts anticipate that Uniti Group Inc will post 2.18 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Thursday, June 27th. Uniti Group’s dividend payout ratio (DPR) is presently 7.97%.

Several equities analysts recently issued reports on the stock. BidaskClub cut shares of Uniti Group from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. ValuEngine cut shares of Uniti Group from a “sell” rating to a “strong sell” rating in a research report on Monday, April 1st. Deutsche Bank reduced their price objective on shares of Uniti Group from $20.00 to $8.00 and set a “hold” rating for the company in a research report on Friday, March 22nd. Citigroup reduced their price objective on shares of Uniti Group from $11.00 to $8.00 and set a “sell” rating for the company in a research report on Tuesday, March 19th. Finally, Zacks Investment Research cut shares of Uniti Group from a “hold” rating to a “sell” rating in a research report on Friday, March 8th. Six research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Uniti Group presently has a consensus rating of “Sell” and an average price target of $15.00.

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

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