Mutual of America Capital Management LLC Increases Stock Holdings in Uniti Group Inc. (NASDAQ:UNIT)

Mutual of America Capital Management LLC grew its position in Uniti Group Inc. (NASDAQ:UNIT – Get Rating) by 5.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,016 shares of the real estate investment trust’s stock after buying an additional 1,763 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Uniti Group were worth $468,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Allworth Financial LP increased its position in shares of Uniti Group by 121.3% in the first quarter. Allworth Financial LP now owns 3,971 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 2,177 shares in the last quarter. Chilton Capital Management LLC purchased a new stake in Uniti Group during the 4th quarter worth about $79,000. CAPROCK Group Inc. purchased a new stake in Uniti Group during the 1st quarter worth about $165,000. Quad Cities Investment Group LLC purchased a new stake in Uniti Group during the 4th quarter worth about $167,000. Finally, Bailard Inc. purchased a new stake in Uniti Group during the 1st quarter worth about $183,000. Hedge funds and other institutional investors own 84.64% of the company’s stock.

Uniti Group Trading Down 0.6 %

Uniti Group stock opened at $9.97 on Monday. The stock has a market cap of $2.36 billion, a PE ratio of 13.66, a P/E/G ratio of 0.54 and a beta of 1.04. The stock has a 50-day moving average price of $10.14 and a 200 day moving average price of $11.68. Uniti Group Inc. has a 52 week low of $9.10 and a 52 week high of $14.60.

Uniti Group (NASDAQ:UNIT – Get Rating) last posted its quarterly earnings data on Thursday, May 5th. The real estate investment trust reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.20). The company had revenue of $278.00 million for the quarter, compared to analysts’ expectations of $278.94 million. Uniti Group had a negative return on equity of 8.54% and a net margin of 16.32%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.41 EPS. On average, equities analysts predict that Uniti Group Inc. will post 1.69 EPS for the current year.

Uniti Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Friday, June 17th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 6.02%. The ex-dividend date of this dividend was Thursday, June 16th. Uniti Group’s dividend payout ratio (DPR) is 82.19%.

Uniti Group Company Profile

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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 wireless infrastructure solutions for the communications industry. As of September 30, 2020, Uniti owns 6.7 million fiber strand miles and other communications real estate throughout the United States.

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