12,865 Shares in Uniti Group Inc (UNIT) Purchased by Alps Advisors Inc.

Alps Advisors Inc. acquired a new position in Uniti Group Inc (NASDAQ:UNIT) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 12,865 shares of the real estate investment trust’s stock, valued at approximately $229,000.

Other institutional investors have also bought and sold shares of the company. Creative Planning bought a new position in shares of Uniti Group in the fourth quarter worth about $188,000. American Asset Management Inc. bought a new position in shares of Uniti Group in the fourth quarter worth about $306,000. Benjamin F. Edwards & Company Inc. increased its stake in shares of Uniti Group by 16,667.2% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 19,450 shares of the real estate investment trust’s stock worth $346,000 after purchasing an additional 19,334 shares during the period. Bank of Montreal Can increased its stake in shares of Uniti Group by 20.4% in the fourth quarter. Bank of Montreal Can now owns 21,306 shares of the real estate investment trust’s stock worth $378,000 after purchasing an additional 3,608 shares during the period. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Uniti Group in the third quarter worth about $316,000. Institutional investors and hedge funds own 69.16% of the company’s stock.

Uniti Group Inc (NASDAQ:UNIT) opened at $15.07 on Thursday. Uniti Group Inc has a 12 month low of $13.81 and a 12 month high of $29.65. The company has a debt-to-equity ratio of -0.05, a quick ratio of 0.03 and a current ratio of 0.03. The stock has a market capitalization of $2,640.00 and a PE ratio of -55.81.

The company also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Friday, March 30th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $2.40 annualized dividend and a yield of 15.93%. Uniti Group’s dividend payout ratio is -888.89%.

A number of equities analysts have recently commented on UNIT shares. BidaskClub upgraded Uniti Group from a “sell” rating to a “hold” rating in a research note on Tuesday, December 12th. ValuEngine lowered Uniti Group from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 31st. Cowen reiterated a “buy” rating on shares of Uniti Group in a research note on Friday, November 3rd. Finally, Royal Bank of Canada dropped their price objective on Uniti Group from $32.00 to $18.00 and set an “outperform” rating on the stock in a research note on Monday, November 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $26.14.

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About Uniti Group

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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