Nomura Asset Management Co. Ltd. Purchases 29,300 Shares of Uniti Group Inc. (NASDAQ:UNIT)

Nomura Asset Management Co. Ltd. boosted its position in Uniti Group Inc. (NASDAQ:UNIT) by 9.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 329,900 shares of the real estate investment trust’s stock after buying an additional 29,300 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.14% of Uniti Group worth $1,814,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Signaturefd LLC lifted its stake in shares of Uniti Group by 51.3% in the 4th quarter. Signaturefd LLC now owns 8,460 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 2,870 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Uniti Group during the 4th quarter worth approximately $68,000. Virtu Financial LLC acquired a new stake in shares of Uniti Group during the 3rd quarter worth approximately $70,000. Handelsbanken Fonder AB bought a new stake in shares of Uniti Group in the 4th quarter valued at $71,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Uniti Group during the 3rd quarter valued at $74,000. Institutional investors own 87.51% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Raymond James raised shares of Uniti Group from an “outperform” rating to a “strong-buy” rating and lifted their price target for the company from $6.00 to $8.00 in a research note on Monday, February 24th. Royal Bank of Canada boosted their target price on Uniti Group from $5.50 to $6.00 and gave the company a “sector perform” rating in a research report on Monday, December 23rd.

Uniti Group Trading Up 0.4 %

NASDAQ UNIT opened at $5.24 on Thursday. Uniti Group Inc. has a 12-month low of $2.57 and a 12-month high of $6.31. The company has a market cap of $1.28 billion, a P/E ratio of 12.78 and a beta of 1.70. The company has a fifty day simple moving average of $5.35 and a 200 day simple moving average of $5.53.

Uniti Group (NASDAQ:UNIT) last posted its earnings results on Friday, February 21st. The real estate investment trust reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The company had revenue of $293.32 million for the quarter, compared to analyst estimates of $294.59 million. Uniti Group had a net margin of 8.82% and a negative return on equity of 4.12%. Sell-side analysts predict that Uniti Group Inc. will post 1.28 EPS for the current year.

Uniti Group Company Profile

Uniti Group, Inc is a real estate investment trust company, which engages in the acquisition, construction, and leasing of properties. It operates through the following business segments: Uniti Leasing, Uniti Fiber, and Corporate. The Uniti Leasing segment involves mission-critical communications assets on exclusive or shared-tenant basis, and dark fiber network.