Great West Life Assurance Co. Can Bought New Holding in Uniti Group Inc (UNIT)

Great West Life Assurance Co. Can Bought New Holding in Uniti Group Inc (UNIT)

Great West Life Assurance Co. Can purchased a new position in shares of Uniti Group Inc (NASDAQ:UNIT) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 85,475 shares of the real estate investment trust’s stock, valued at approximately $2,207,000.

Several other hedge funds have also modified their holdings of UNIT. Delta Asset Management LLC TN acquired a new stake in shares of Uniti Group during the first quarter worth about $127,000. Glen Harbor Capital Management LLC acquired a new stake in shares of Uniti Group during the first quarter worth about $134,000. Nisa Investment Advisors LLC acquired a new stake in shares of Uniti Group during the first quarter worth about $230,000. Moody National Bank Trust Division acquired a new stake in shares of Uniti Group during the first quarter worth about $236,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Uniti Group during the first quarter worth about $242,000. Hedge funds and other institutional investors own 62.80% of the company’s stock.

Uniti Group Inc (NASDAQ UNIT) traded up 0.16% during mid-day trading on Thursday, reaching $25.05. The company had a trading volume of 112,540 shares. The firm has a 50-day moving average of $25.67 and a 200 day moving average of $26.02. The company’s market capitalization is $4.39 billion. Uniti Group Inc has a 1-year low of $22.50 and a 1-year high of $32.73.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, June 30th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 9.60%. The ex-dividend date is Wednesday, June 28th. Uniti Group’s dividend payout ratio is 4,800.00%.

UNIT has been the subject of a number of recent research reports. Deutsche Bank AG initiated coverage on Uniti Group in a research report on Monday, May 22nd. They issued a “buy” rating and a $28.00 target price for the company. Morgan Stanley initiated coverage on Uniti Group in a research report on Tuesday, February 28th. They issued an “overweight” rating for the company. Wells Fargo & Co initiated coverage on Uniti Group in a research report on Thursday, February 16th. They issued an “outperform” rating for the company. Finally, Zacks Investment Research downgraded Uniti Group from a “hold” rating to a “sell” rating in a research report on Tuesday, May 9th. One equities research analyst has rated the stock with a sell rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $32.00.

In other Uniti Group news, insider Kenny Gunderman acquired 14,500 shares of the company’s stock in a transaction dated Friday, May 12th. The stock was bought at an average price of $24.15 per share, for a total transaction of $350,175.00. Following the purchase, the insider now owns 262,053 shares in the company, valued at approximately $6,328,579.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.32% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:UNIT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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