Halcyon Management Partners LP acquired a new position in Uniti Group Inc (NASDAQ:UNIT) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 127,423 shares of the real estate investment trust’s stock, valued at approximately $2,267,000. Uniti Group makes up 0.3% of Halcyon Management Partners LP’s holdings, making the stock its 25th largest holding. Halcyon Management Partners LP owned approximately 0.07% of Uniti Group at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Two Sigma Advisers LP raised its stake in shares of Uniti Group by 532.4% in the 4th quarter. Two Sigma Advisers LP now owns 90,631 shares of the real estate investment trust’s stock worth $1,612,000 after buying an additional 76,300 shares in the last quarter. Teachers Insurance & Annuity Association of America grew its holdings in shares of Uniti Group by 10.4% in the 4th quarter. Teachers Insurance & Annuity Association of America now owns 182,231 shares of the real estate investment trust’s stock worth $3,242,000 after acquiring an additional 17,199 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of Uniti Group by 95.5% in the 4th quarter. Deutsche Bank AG now owns 253,831 shares of the real estate investment trust’s stock worth $4,512,000 after acquiring an additional 123,977 shares during the last quarter. Lion Point Capital LP acquired a new position in shares of Uniti Group in the 4th quarter worth $10,674,000. Finally, Hunt Lane Capital LP grew its holdings in shares of Uniti Group by 11.7% in the 4th quarter. Hunt Lane Capital LP now owns 1,820,000 shares of the real estate investment trust’s stock worth $32,378,000 after acquiring an additional 190,000 shares during the last quarter. 76.53% of the stock is currently owned by institutional investors.
Uniti Group Inc (NASDAQ UNIT) opened at $16.64 on Monday. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of -0.05. The stock has a market capitalization of $2,919.13, a price-to-earnings ratio of -110.93, a P/E/G ratio of 0.89 and a beta of 0.87. Uniti Group Inc has a 1-year low of $13.81 and a 1-year high of $27.78.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Friday, March 30th will be issued a dividend of $0.60 per share. The ex-dividend date is Wednesday, March 28th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 14.42%. Uniti Group’s dividend payout ratio is -1,599.89%.
UNIT has been the topic of a number of recent research reports. Cowen set a $26.00 target price on Uniti Group and gave the stock a “buy” rating in a report on Friday, March 2nd. ValuEngine cut Uniti Group from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Finally, BidaskClub upgraded Uniti Group from a “hold” rating to a “buy” rating in a report on Saturday, December 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. Uniti Group currently has a consensus rating of “Hold” and a consensus price target of $25.57.
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Uniti Group Company Profile
Uniti Group Inc, formerly Communications Sales & Leasing, Inc, is an internally managed real estate investment trust engaged in the acquisition and construction of infrastructure in the communications industry. The Company focuses on acquiring and constructing fiber optic broadband networks, wireless communications towers, copper and coaxial broadband networks and data centers.
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