15,928 Shares in Uniti Group Inc. (NASDAQ:UNIT) Bought by Captrust Financial Advisors

Captrust Financial Advisors purchased a new position in Uniti Group Inc. (NASDAQ:UNIT) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,928 shares of the real estate investment trust’s stock, valued at approximately $90,000.

A number of other institutional investors also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. lifted its position in Uniti Group by 6.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 7,874,636 shares of the real estate investment trust’s stock worth $44,413,000 after buying an additional 452,411 shares during the last quarter. Davidson Kempner Capital Management LP increased its stake in Uniti Group by 17.7% in the second quarter. Davidson Kempner Capital Management LP now owns 5,480,000 shares of the real estate investment trust’s stock worth $16,002,000 after purchasing an additional 825,000 shares during the period. AQR Capital Management LLC increased its stake in Uniti Group by 244.7% in the second quarter. AQR Capital Management LLC now owns 2,254,810 shares of the real estate investment trust’s stock worth $6,584,000 after purchasing an additional 1,600,628 shares during the period. Bank of New York Mellon Corp increased its stake in Uniti Group by 4.2% in the second quarter. Bank of New York Mellon Corp now owns 1,869,032 shares of the real estate investment trust’s stock worth $5,458,000 after purchasing an additional 74,832 shares during the period. Finally, Pacer Advisors Inc. increased its stake in Uniti Group by 14.4% in the second quarter. Pacer Advisors Inc. now owns 1,742,412 shares of the real estate investment trust’s stock worth $5,088,000 after purchasing an additional 219,245 shares during the period. 87.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Royal Bank of Canada reiterated a “sector perform” rating and issued a $5.50 target price on shares of Uniti Group in a research note on Thursday, August 29th.

Uniti Group Trading Down 1.0 %

Shares of Uniti Group stock opened at $6.01 on Tuesday. The firm has a market cap of $1.47 billion, a P/E ratio of 14.66 and a beta of 1.35. Uniti Group Inc. has a 12 month low of $2.57 and a 12 month high of $6.71. The stock’s fifty day moving average price is $5.71 and its 200-day moving average price is $4.60.

Uniti Group Company 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 fiber and other wireless solutions for the communications industry. As of December 31, 2023, Uniti owns approximately 140,000 fiber route miles, 8.5 million fiber strand miles, and other communications real estate throughout the United States.