Thrivent Financial for Lutherans Has $7.50 Million Stock Position in Uniti Group Inc. (NASDAQ:UNIT)

Thrivent Financial for Lutherans lifted its holdings in shares of Uniti Group Inc. (NASDAQ:UNIT) by 136.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,363,732 shares of the real estate investment trust’s stock after purchasing an additional 787,319 shares during the period. Thrivent Financial for Lutherans’ holdings in Uniti Group were worth $7,501,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Signaturefd LLC boosted its stake in Uniti Group by 51.3% during the fourth quarter. Signaturefd LLC now owns 8,460 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 2,870 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Uniti Group in the 4th quarter valued at about $68,000. Pitcairn Co. bought a new stake in Uniti Group in the 3rd quarter valued at about $69,000. Virtu Financial LLC acquired a new position in Uniti Group during the 3rd quarter worth approximately $70,000. Finally, Handelsbanken Fonder AB bought a new position in Uniti Group in the fourth quarter worth approximately $71,000. Institutional investors and hedge funds own 87.51% of the company’s stock.

Uniti Group Price Performance

UNIT opened at $4.99 on Monday. Uniti Group Inc. has a fifty-two week low of $2.57 and a fifty-two week high of $6.31. The firm has a market capitalization of $1.22 billion, a PE ratio of 12.17 and a beta of 1.70. The company’s 50-day moving average is $5.46 and its 200 day moving average is $5.55.

Uniti Group (NASDAQ:UNIT) last issued its quarterly earnings data on Friday, February 21st. The real estate investment trust reported $0.35 EPS for the quarter, topping the consensus estimate of $0.33 by $0.02. The firm had revenue of $293.32 million during the quarter, compared to the consensus estimate of $294.59 million. Uniti Group had a negative return on equity of 4.12% and a net margin of 8.82%. As a group, analysts expect that Uniti Group Inc. will post 1.28 EPS for the current year.

Wall Street Analysts Forecast Growth

UNIT has been the subject of several recent research reports. Raymond James upgraded Uniti Group from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the company from $6.00 to $8.00 in a report on Monday, February 24th. Royal Bank of Canada boosted their price target on shares of Uniti Group from $5.50 to $6.00 and gave the company a “sector perform” rating in a research note on Monday, December 23rd.

About Uniti Group

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.