Teacher Retirement System of Texas Makes New Investment in Uniti Group Inc. (NASDAQ:UNIT)

Teacher Retirement System of Texas bought a new stake in Uniti Group Inc. (NASDAQ:UNIT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 53,430 shares of the real estate investment trust’s stock, valued at approximately $294,000.

Several other large investors also recently modified their holdings of UNIT. Signaturefd LLC grew its position in shares of Uniti Group by 51.3% in the 4th quarter. Signaturefd LLC now owns 8,460 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 2,870 shares during the period. Proficio Capital Partners LLC bought a new position in Uniti Group in the fourth quarter valued at approximately $68,000. Virtu Financial LLC acquired a new position in shares of Uniti Group in the third quarter valued at approximately $70,000. Handelsbanken Fonder AB bought a new stake in shares of Uniti Group during the fourth quarter worth $71,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Uniti Group during the third quarter worth $74,000. 87.51% of the stock is currently owned by institutional investors.

Uniti Group Stock Up 3.6 %

Shares of UNIT opened at $5.22 on Wednesday. Uniti Group Inc. has a twelve month low of $2.57 and a twelve month high of $6.31. The stock has a market capitalization of $1.27 billion, a P/E ratio of 12.73 and a beta of 1.70. The company has a 50 day moving average of $5.36 and a 200-day moving average of $5.53.

Uniti Group (NASDAQ:UNIT) last released its earnings results on Friday, February 21st. The real estate investment trust reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. Uniti Group had a net margin of 8.82% and a negative return on equity of 4.12%. The business had revenue of $293.32 million during the quarter, compared to the consensus estimate of $294.59 million. On average, sell-side analysts anticipate that Uniti Group Inc. will post 1.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on UNIT shares. Royal Bank of Canada upped their target price on shares of Uniti Group from $5.50 to $6.00 and gave the stock a “sector perform” rating in a research note on Monday, December 23rd. Raymond James upgraded Uniti Group from an “outperform” rating to a “strong-buy” rating and boosted their price target for the company from $6.00 to $8.00 in a report on Monday, February 24th.

Uniti Group Company Profile

Uniti Group, Inc is a real estate investment trust company, which engages in the acquisition, construction, and leasing of properties. It operates through the following business segments: Uniti Leasing, Uniti Fiber, and Corporate. The Uniti Leasing segment involves mission-critical communications assets on exclusive or shared-tenant basis, and dark fiber network.