Daiwa Securities Group Inc. Grows Stock Holdings in Uniti Group Inc. (NASDAQ:UNIT)

Daiwa Securities Group Inc. lifted its stake in shares of Uniti Group Inc. (NASDAQ:UNIT) by 10.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 79,700 shares of the real estate investment trust’s stock after acquiring an additional 7,224 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Uniti Group were worth $450,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of UNIT. Mackenzie Financial Corp grew its stake in Uniti Group by 9.6% in 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 in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Uniti Group by 14.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 22,387 shares of the real estate investment trust’s stock worth $126,000 after buying an additional 2,852 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Uniti Group by 9.3% during the second 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 period. The Manufacturers Life Insurance Company raised its holdings in shares of Uniti Group by 6.2% in the second quarter. The Manufacturers Life Insurance Company now owns 124,636 shares of the real estate investment trust’s stock valued at $364,000 after acquiring an additional 7,302 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in Uniti Group by 5.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 153,677 shares of the real estate investment trust’s stock worth $907,000 after acquiring an additional 8,524 shares during the period. Institutional investors own 87.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada reissued 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 Trading Up 0.5 %

Shares of NASDAQ:UNIT opened at $5.91 on Friday. The company has a market capitalization of $1.44 billion, a PE ratio of 14.41 and a beta of 1.31. Uniti Group Inc. has a 12-month low of $2.57 and a 12-month high of $6.71. The business’s fifty day simple moving average is $5.63 and its 200-day simple moving average is $4.42.

About Uniti Group

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.