Arizona State Retirement System Grows Holdings in Uniti Group Inc (UNIT)

Arizona State Retirement System raised its stake in Uniti Group Inc (NASDAQ:UNIT) by 3.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 128,462 shares of the real estate investment trust’s stock after buying an additional 3,716 shares during the period. Arizona State Retirement System’s holdings in Uniti Group were worth $2,000,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in 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 buying an additional 2,051,974 shares during the period. Vanguard Group Inc raised 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 purchasing an additional 2,051,974 shares in the last quarter. Bank of Montreal Can raised 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 purchasing an additional 4,258,049 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Uniti Group by 3.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,499,666 shares of the real estate investment trust’s stock valued at $50,368,000 after purchasing an additional 73,009 shares in the last quarter. Finally, Morgan Stanley raised its holdings in shares of Uniti Group by 27.9% in the 3rd quarter. Morgan Stanley now owns 1,378,870 shares of the real estate investment trust’s stock valued at $27,784,000 after purchasing an additional 300,971 shares in the last quarter. 71.56% of the stock is owned by institutional investors.

NASDAQ:UNIT opened at $19.86 on Thursday. Uniti Group Inc has a one year low of $14.49 and a one year high of $23.42. The stock has a market capitalization of $3.55 billion, a PE ratio of 7.91, a price-to-earnings-growth ratio of 0.88 and a beta of 1.28.

Several equities research analysts have recently commented on the stock. BidaskClub upgraded shares of Uniti Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 29th. Wells Fargo & Co lowered shares of Uniti Group from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $23.00 to $17.00 in a report on Tuesday, January 8th. ValuEngine upgraded shares of Uniti Group from a “sell” rating to a “hold” rating in a report on Monday, January 7th. Zacks Investment Research upgraded shares of Uniti Group from a “strong sell” rating to a “hold” rating in a report on Saturday, January 5th. Finally, Morgan Stanley lowered shares of Uniti Group from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $24.00 to $16.00 in a report on Wednesday, December 12th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Uniti Group currently has a consensus rating of “Hold” and a consensus price target of $23.00.

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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 September 30, 2018, Uniti owns 5.4 million fiber strand miles, approximately 850 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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