Stifel Financial Corp Buys Shares of 16,279 Uniti Group Inc. (NASDAQ:UNIT)

Stifel Financial Corp purchased a new stake in Uniti Group Inc. (NASDAQ:UNIT) during the 3rd quarter, Holdings Channel reports. The firm purchased 16,279 shares of the real estate investment trust’s stock, valued at approximately $92,000.

A number of other hedge funds also recently made changes to their positions in UNIT. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Uniti Group in the 2nd quarter valued at approximately $28,000. Meeder Advisory Services Inc. acquired a new stake in Uniti Group in the second quarter worth about $36,000. Choreo LLC bought a new position in Uniti Group in the 2nd quarter valued at about $41,000. DekaBank Deutsche Girozentrale raised its position in shares of Uniti Group by 138.1% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 21,194 shares of the real estate investment trust’s stock worth $62,000 after buying an additional 12,291 shares in the last quarter. Finally, Ballentine Partners LLC acquired a new stake in shares of Uniti Group in the 3rd quarter worth approximately $64,000. Institutional investors own 87.51% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Uniti Group Trading Up 0.2 %

Shares of NASDAQ UNIT opened at $5.36 on Tuesday. Uniti Group Inc. has a twelve month low of $2.57 and a twelve month high of $6.71. The firm has a 50-day moving average of $5.72 and a two-hundred day moving average of $4.79. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 13.07 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.