Technical Analysis Points to Key Price Levels for Pacer Data & Infrastructure Real Estate ETF

The article discusses the technical analysis of the Pacer Data & Infrastructure Real Estate ETF (SRVR) and its key holding, Uniti Group (UNIT), a real estate investment trust focused on communications infrastructure, highlighting potential trading opportunities and the importance of considering underlying fundamentals and financial health. The context is the real estate and infrastructure sectors, with implications for the overall economy, and features details on Uniti Group's dividend yield, analyst ratings, and upcoming earnings report. This description focuses on the primary topic of technical analysis and ETF trading, the main entities of Pacer Data & Infrastructure Real Estate ETF and Uniti Group, the context of the real estate and infrastructure sectors, and the significant actions and implications related to investment decisions. The objective details provided will help an AI generate an accurate visual representation of the article's content, such as an image featuring a stock market graph, a real estate or infrastructure-related background, and icons or logos representing the ETF and Uniti Group.

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Bijay Laxmi
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Technical Analysis Points to Key Price Levels for Pacer Data & Infrastructure Real Estate ETF

Technical Analysis Points to Key Price Levels for Pacer Data & Infrastructure Real Estate ETF

Technical analysis indicates that investors should consider buying or shorting Pacer Data & Infrastructure Real Estate ETF (NASDAQ: SRVR) at specific price levels, including 26.19, 27.43, 27.69, and 27.94. These price points are accompanied by corresponding upside and downside targets and stop-loss points that could guide trading decisions.

Why this matters: The performance of Pacer Data & Infrastructure Real Estate ETF has broader implications for the real estate and infrastructure sectors, as well as the overall economy. As investors make informed decisions based on technical analysis, it can impact market trends and have a ripple effect on related industries.

Pacer Data & Infrastructure Real Estate ETF is an exchange-traded fund that holds a significant weight of Uniti Group (NASDAQ: UNIT) stock in its portfolio. Uniti Group stands out as a leading dividend payer, boasting a dividend yield of 15.50% which ranks it in the top 25 of all dividend-paying stocks.

Uniti Group operates as an internally managed real estate investment trust focused on acquiring and constructing mission-critical communications infrastructure. As of December 31, 2023, the company owns approximately 140,000 fiber route miles, 8.5 million fiber strand miles, and other communications real estate assets across the United States.

Over the past twelve months, four Wall Street research analysts have issued ratings for Uniti Group shares, including buy, hold, and sell recommendations. The consensus among these analysts is to hold UNIT stock, with an average 12-month price target of $6.25, suggesting a potential upside of 63.2% from the current trading price.

Uniti Group currently pays an annual dividend of $0.60 per share, translating to a dividend yield of 15.50%. However, the company's dividend payout ratio stands at 1.00017, raising questions about the sustainability of its dividend payments going forward.

For the most recent quarter, Uniti Group reported earnings per share (EPS) of $0.21, missing the consensus estimate of $0.41 by $0.20. The company's quarterly revenue came in at 2.0% higher compared to the same period last year. Uniti Group is scheduled to release its next quarterly earnings report on Thursday, August 1st, 2024.

While the technical analysis of Pacer Data & Infrastructure Real Estate ETF highlights potential trading opportunities, investors should also consider the underlying fundamentals and financial health of key holdings like Uniti Group. The high dividend yield and mixed analyst ratings underscore the importance of thorough due diligence before making investment decisions in this real estate and infrastructure-focused ETF.

Key Takeaways

  • Technical analysis suggests buying or shorting SRVR at specific price levels.
  • SRVR's performance impacts real estate, infrastructure, and the overall economy.
  • Uniti Group (UNIT) is a top dividend payer with a 15.50% yield.
  • Analysts have a "hold" consensus on UNIT with a 63.2% potential upside.
  • UNIT's high dividend payout ratio raises sustainability concerns.