Pinnacle Associates Ltd. acquired a brand new place in shares of Uniti Group Inc. (NASDAQ:UNIT – Free Report) within the third quarter, based on its most up-to-date 13F submitting with the Securities & Alternate Fee. The institutional investor acquired 19,881 shares of the true property funding belief’s inventory, valued at roughly $115,000.
A number of different hedge funds and different institutional buyers have additionally added to or decreased their stakes within the inventory. Point72 Asia Singapore Pte. Ltd. acquired a brand new place in shares of Uniti Group through the 2nd quarter value about $28,000. Meeder Advisory Providers Inc. acquired a brand new place in shares of Uniti Group through the second quarter valued at roughly $36,000. Everhart Monetary Group Inc. acquired a brand new place in shares of Uniti Group through the second quarter valued at roughly $41,000. Choreo LLC bought a brand new place in shares of Uniti Group within the second quarter valued at roughly $41,000. Lastly, DekaBank Deutsche Girozentrale boosted its stake in shares of Uniti Group by 138.1% within the second quarter. DekaBank Deutsche Girozentrale now owns 21,194 shares of the true property funding belief’s inventory value $62,000 after buying a further 12,291 shares over the last quarter. 87.51% of the inventory is owned by hedge funds and different institutional buyers.
Uniti Group Worth Efficiency
Shares of Uniti Group inventory opened at $5.62 on Tuesday. The inventory’s 50 day easy transferring common is $5.31 and its 200-day easy transferring common is $4.29. The inventory has a market cap of $1.37 billion, a P/E ratio of 13.71 and a beta of 1.31. Uniti Group Inc. has a 1-year low of $2.57 and a 1-year excessive of $6.71.
Wall Road Analysts Forecast Progress
Individually, Royal Financial institution of Canada restated a “sector carry out” ranking and issued a $5.50 value goal on shares of Uniti Group in a report on Thursday, August twenty ninth.
Uniti Group Firm Profile
Uniti, an internally managed actual property funding belief, is engaged within the acquisition and building of mission crucial communications infrastructure, and is a number one supplier of fiber and different wi-fi options for the communications business. As of December 31, 2023, Uniti owns roughly 140,000 fiber route miles, 8.5 million fiber strand miles, and different communications actual property all through the USA.
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