Uniti Group Inc. (NASDAQ:UNIT) Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. raised its position in shares of Uniti Group Inc. (NASDAQ:UNIT) by 2.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 106,104 shares of the real estate investment trust’s stock after buying an additional 2,328 shares during the quarter. Franklin Resources Inc.’s holdings in Uniti Group were worth $572,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Mackenzie Financial Corp lifted its stake in Uniti Group by 9.6% during the second quarter. Mackenzie Financial Corp now owns 30,923 shares of the real estate investment trust’s stock worth $90,000 after purchasing an additional 2,711 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Uniti Group by 14.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 22,387 shares of the real estate investment trust’s stock valued at $126,000 after buying an additional 2,852 shares during the period. Van ECK Associates Corp grew its position in shares of Uniti Group by 9.3% during the 2nd quarter. Van ECK Associates Corp now owns 50,294 shares of the real estate investment trust’s stock valued at $147,000 after buying an additional 4,271 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in Uniti Group by 2.4% during the third quarter. Nomura Asset Management Co. Ltd. now owns 300,600 shares of the real estate investment trust’s stock worth $1,695,000 after acquiring an additional 7,000 shares during the period. Finally, Daiwa Securities Group Inc. lifted its holdings in Uniti Group by 10.0% in the third quarter. Daiwa Securities Group Inc. now owns 79,700 shares of the real estate investment trust’s stock worth $450,000 after acquiring an additional 7,224 shares during the last quarter. Institutional investors own 87.51% of the company’s stock.

Uniti Group Stock Up 0.2 %

UNIT stock opened at $5.36 on Tuesday. The stock has a market cap of $1.31 billion, a PE ratio of 13.07 and a beta of 1.35. The firm’s 50-day simple moving average is $5.72 and its 200 day simple moving average is $4.79. Uniti Group Inc. has a fifty-two week low of $2.57 and a fifty-two week high of $6.71.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada upped their target price on Uniti Group from $5.50 to $6.00 and gave the company a “sector perform” rating in a report on Monday, December 23rd.

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.