Benjamin F. Edwards & Company Inc. Has $346,000 Position in Uniti Group Inc (UNIT)

Benjamin F. Edwards & Company Inc. increased its stake in shares of Uniti Group Inc (NASDAQ:UNIT) by 16,667.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,450 shares of the real estate investment trust’s stock after buying an additional 19,334 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Uniti Group were worth $346,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Advisory Services Network LLC lifted its position in shares of Uniti Group by 2.3% during the 2nd quarter. Advisory Services Network LLC now owns 45,920 shares of the real estate investment trust’s stock worth $1,154,000 after buying an additional 1,047 shares during the period. Bank of Montreal Can lifted its position in shares of Uniti Group by 20.4% during the 4th quarter. Bank of Montreal Can now owns 21,306 shares of the real estate investment trust’s stock worth $378,000 after buying an additional 3,608 shares during the period. Creative Planning bought a new position in shares of Uniti Group during the 4th quarter worth approximately $188,000. Nisa Investment Advisors LLC lifted its position in shares of Uniti Group by 39.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 70,200 shares of the real estate investment trust’s stock worth $1,249,000 after buying an additional 19,800 shares during the period. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Uniti Group during the 3rd quarter worth approximately $316,000. Institutional investors and hedge funds own 70.01% of the company’s stock.

Several research firms recently commented on UNIT. BidaskClub downgraded Uniti Group from a “buy” rating to a “hold” rating in a research report on Saturday, January 6th. ValuEngine downgraded Uniti Group from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 31st. Royal Bank of Canada cut their price objective on Uniti Group from $32.00 to $18.00 and set an “outperform” rating for the company in a research report on Monday, November 6th. Cowen reiterated a “buy” rating on shares of Uniti Group in a research report on Friday, November 3rd. Finally, Zacks Investment Research downgraded Uniti Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Uniti Group presently has an average rating of “Buy” and a consensus target price of $26.14.

Uniti Group Inc (UNIT) opened at $16.34 on Friday. The company has a debt-to-equity ratio of -0.05, a current ratio of 0.03 and a quick ratio of 0.03. Uniti Group Inc has a 52-week low of $13.81 and a 52-week high of $29.65. The stock has a market capitalization of $2,890.00 and a price-to-earnings ratio of -60.52.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were given a $0.60 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $2.40 annualized dividend and a yield of 14.69%. Uniti Group’s payout ratio is -888.89%.

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

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