174,854 Shares in Uniti Group Inc. (NASDAQ:UNIT) Bought by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB acquired a new stake in shares of Uniti Group Inc. (NASDAQ:UNIT) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 174,854 shares of the real estate investment trust’s stock, valued at approximately $986,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. CWM LLC grew its holdings in Uniti Group by 56.3% during the 2nd quarter. CWM LLC now owns 31,229 shares of the real estate investment trust’s stock valued at $91,000 after purchasing an additional 11,255 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Uniti Group by 106.3% during the second quarter. SG Americas Securities LLC now owns 47,519 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 24,481 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Uniti Group by 4.0% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 272,836 shares of the real estate investment trust’s stock worth $797,000 after buying an additional 10,523 shares during the period. Everhart Financial Group Inc. bought a new stake in shares of Uniti Group during the 2nd quarter worth approximately $41,000. Finally, Optas LLC purchased a new position in Uniti Group during the 2nd quarter valued at $79,000. Hedge funds and other institutional investors own 87.51% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada reiterated a “sector perform” rating and set a $5.50 target price on shares of Uniti Group in a research report on Thursday, August 29th.

Uniti Group Stock Performance

Shares of NASDAQ:UNIT opened at $6.07 on Friday. The firm’s 50 day simple moving average is $5.71 and its 200-day simple moving average is $4.59. Uniti Group Inc. has a one year low of $2.57 and a one year high of $6.71. The firm has a market cap of $1.48 billion, a PE ratio of 14.81 and a beta of 1.35.

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.