Uniti Group Inc. (NASDAQ:UNIT) Receives Average Rating of “Hold” from Brokerages

Shares of Uniti Group Inc. (NASDAQ:UNIT) have earned an average recommendation of “Hold” from the seven research firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $6.56.

A number of analysts have recently weighed in on the stock. Barclays assumed coverage on shares of Uniti Group in a report on Friday. They set an “equal weight” rating and a $6.00 target price for the company. Wells Fargo & Company increased their price objective on Uniti Group from $4.50 to $7.50 and gave the stock an “equal weight” rating in a report on Thursday, August 7th. Weiss Ratings reissued a “sell (d)” rating on shares of Uniti Group in a research note on Saturday, September 27th. Wall Street Zen lowered Uniti Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Finally, Zacks Research cut shares of Uniti Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 10th.

Uniti Group Stock Performance

Shares of UNIT stock opened at $6.11 on Tuesday. The company has a market capitalization of $904.16 million, a P/E ratio of 22.21 and a beta of 1.56. Uniti Group has a fifty-two week low of $5.66 and a fifty-two week high of $12.62. The stock has a 50 day moving average price of $6.42 and a two-hundred day moving average price of $5.23.

Uniti Group (NASDAQ:UNIT) last issued its earnings results on Tuesday, August 5th. The real estate investment trust reported $0.36 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.06). Uniti Group had a negative return on equity of 1.43% and a net margin of 2.96%.The firm had revenue of $300.73 million during the quarter, compared to analysts’ expectations of $304.06 million. During the same period in the previous year, the firm earned $0.34 earnings per share. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. Uniti Group has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Uniti Group will post 1.28 earnings per share for the current year.

Hedge Funds Weigh In On Uniti Group

A number of institutional investors have recently bought and sold shares of UNIT. KBC Group NV bought a new stake in Uniti Group during the 1st quarter valued at approximately $28,000. Allworth Financial LP lifted its stake in shares of Uniti Group by 775.7% in the 2nd quarter. Allworth Financial LP now owns 7,811 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 6,919 shares during the period. Park Avenue Securities LLC bought a new stake in shares of Uniti Group during the second quarter valued at approximately $45,000. Osaic Holdings Inc. grew its stake in Uniti Group by 20.6% in the second quarter. Osaic Holdings Inc. now owns 10,511 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,795 shares during the period. Finally, American Century Companies Inc. purchased a new stake in Uniti Group in the first quarter worth $65,000. 87.51% of the stock is owned by institutional investors.

Uniti Group Company Profile

Uniti Group, Inc is a real estate investment trust company, which engages in the acquisition, construction, and leasing of properties. It operates through the following business segments: Uniti Leasing, Uniti Fiber, and Corporate. The Uniti Leasing segment involves mission-critical communications assets on exclusive or shared-tenant basis, and dark fiber network.