Janus Capital Management LLC Invests $3.25 Million in Communications Sales & Leasing,Inc. (NASDAQ:UNIT)

Janus Capital Management LLC acquired a new stake in shares of Communications Sales & Leasing,Inc. (NASDAQ:UNIT) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 125,800 shares of the real estate investment trust’s stock, valued at approximately $3,252,000. Janus Capital Management LLC owned 0.07% of Communications Sales & Leasing,Inc. at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Sei Investments Co. bought a new position in Communications Sales & Leasing,Inc. during the first quarter worth $107,000. Delta Asset Management LLC TN bought a new position in Communications Sales & Leasing,Inc. during the first quarter worth $127,000. Glen Harbor Capital Management LLC bought a new position in Communications Sales & Leasing,Inc. during the first quarter worth $134,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Communications Sales & Leasing,Inc. during the first quarter worth $136,000. Finally, Tyers Asset Management LLC bought a new position in Communications Sales & Leasing,Inc. during the first quarter worth $184,000. 56.96% of the stock is currently owned by institutional investors and hedge funds.

Communications Sales & Leasing,Inc. (NASDAQ UNIT) traded down 4.06% during midday trading on Friday, hitting $19.37. 5,941,963 shares of the stock traded hands. The company has a 50-day moving average price of $24.70 and a 200-day moving average price of $25.89. Communications Sales & Leasing,Inc. has a 1-year low of $18.93 and a 1-year high of $32.73. The firm’s market cap is $3.40 billion.

Communications Sales & Leasing,Inc. (NASDAQ:UNIT) last issued its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.06. The firm had revenue of $213.01 million for the quarter, compared to analyst estimates of $214.09 million. During the same period last year, the firm earned $0.56 EPS. The company’s revenue was up 13.0% compared to the same quarter last year. Analysts predict that Communications Sales & Leasing,Inc. will post ($0.13) EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 12.39%. The ex-dividend date is Thursday, September 28th. Communications Sales & Leasing,Inc.’s payout ratio is -750.00%.

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A number of equities analysts have weighed in on UNIT shares. Zacks Investment Research downgraded shares of Communications Sales & Leasing,Inc. from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th. Deutsche Bank AG began coverage on shares of Communications Sales & Leasing,Inc. in a research note on Monday, May 22nd. They set a “buy” rating and a $28.00 price target on the stock. ValuEngine lowered shares of Communications Sales & Leasing,Inc. from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. Royal Bank Of Canada began coverage on shares of Communications Sales & Leasing,Inc. in a research report on Monday, June 19th. They issued an “outperform” rating and a $32.00 price objective for the company. Finally, Citigroup Inc. dropped their price objective on shares of Communications Sales & Leasing,Inc. from $30.00 to $27.00 and set a “buy” rating for the company in a research report on Monday, August 7th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $30.43.

About Communications Sales & Leasing,Inc.

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.

Institutional Ownership by Quarter for Communications Sales & Leasing,Inc. (NASDAQ:UNIT)

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