Nomura Holdings Inc. Buys 285,112 Shares of Uniti Group Inc. (NASDAQ:UNIT)

Nomura Holdings Inc. raised its stake in shares of Uniti Group Inc. (NASDAQ:UNITFree Report) by 94.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 588,078 shares of the real estate investment trust’s stock after purchasing an additional 285,112 shares during the quarter. Nomura Holdings Inc. owned 0.25% of Uniti Group worth $3,399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Nomura Asset Management Co. Ltd. raised its stake in shares of Uniti Group by 1.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 270,300 shares of the real estate investment trust’s stock worth $1,562,000 after acquiring an additional 4,200 shares in the last quarter. Aigen Investment Management LP purchased a new position in shares of Uniti Group during the fourth quarter worth approximately $586,000. Norges Bank purchased a new position in shares of Uniti Group during the fourth quarter worth approximately $9,139,000. Panagora Asset Management Inc. purchased a new position in shares of Uniti Group during the fourth quarter worth approximately $2,766,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Uniti Group by 5.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 152,102 shares of the real estate investment trust’s stock worth $870,000 after buying an additional 7,395 shares during the period. 87.51% of the stock is currently owned by institutional investors.

Uniti Group Stock Down 1.5 %

UNIT stock traded down $0.04 during midday trading on Tuesday, hitting $2.63. The company’s stock had a trading volume of 339,866 shares, compared to its average volume of 2,389,877. Uniti Group Inc. has a 12 month low of $2.62 and a 12 month high of $6.71. The firm has a market capitalization of $631.88 million, a price-to-earnings ratio of 44.51 and a beta of 1.28. The company has a 50 day moving average of $4.21 and a two-hundred day moving average of $5.17.

Uniti Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 22.81%. Uniti Group’s dividend payout ratio is currently 1,000.17%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $5.50 price objective on shares of Uniti Group in a research report on Monday, March 25th. TD Cowen boosted their price objective on shares of Uniti Group from $9.00 to $10.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. Finally, Raymond James downgraded shares of Uniti Group from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the company from $8.00 to $6.00 in a research report on Monday, May 6th.

Get Our Latest Research Report on Uniti Group

Uniti Group Profile

(Free Report)

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.

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

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