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

Shares of Uniti Group Inc. (NASDAQ:UNIT) have been assigned a consensus rating of “Hold” from the seven analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $6.56.

A number of equities research analysts have recently issued reports on the company. Wall Street Zen cut Uniti Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Barclays assumed coverage on Uniti Group in a report on Friday, October 3rd. They set an “equal weight” rating and a $6.00 target price on the stock. Wells Fargo & Company boosted their target price 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 report on Wednesday, October 8th. Finally, Zacks Research raised Uniti Group from a “strong sell” rating to a “hold” rating in a report on Thursday, October 9th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC grew its holdings in Uniti Group by 10.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 24,834 shares of the real estate investment trust’s stock valued at $137,000 after buying an additional 2,447 shares in the last quarter. California State Teachers Retirement System grew its holdings in Uniti Group by 1.5% in the 4th quarter. California State Teachers Retirement System now owns 228,227 shares of the real estate investment trust’s stock valued at $1,255,000 after buying an additional 3,287 shares in the last quarter. GAMMA Investing LLC grew its holdings in Uniti Group by 486.7% in the 1st quarter. GAMMA Investing LLC now owns 18,522 shares of the real estate investment trust’s stock valued at $93,000 after buying an additional 15,365 shares in the last quarter. Range Financial Group LLC grew its holdings in Uniti Group by 22.3% in the 1st quarter. Range Financial Group LLC now owns 44,699 shares of the real estate investment trust’s stock valued at $225,000 after buying an additional 8,137 shares in the last quarter. Finally, Sonora Investment Management Group LLC grew its holdings in Uniti Group by 5.4% in the 1st quarter. Sonora Investment Management Group LLC now owns 294,335 shares of the real estate investment trust’s stock valued at $1,483,000 after buying an additional 15,000 shares in the last quarter. 87.51% of the stock is owned by institutional investors and hedge funds.

Uniti Group Stock Down 4.9%

Shares of Uniti Group stock opened at $5.45 on Tuesday. Uniti Group has a 12-month low of $5.35 and a 12-month high of $12.62. The stock has a market cap of $806.49 million, a P/E ratio of 19.81 and a beta of 1.56. The business’s 50 day moving average is $6.41 and its 200-day moving average is $5.26.

Uniti Group (NASDAQ:UNIT) last announced its quarterly earnings data on Tuesday, August 5th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $300.73 million for the quarter, compared to the consensus estimate of $304.06 million. During the same quarter in the prior year, the company earned $0.34 EPS. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. Uniti Group has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Uniti Group will post 1.28 EPS for the current year.

About Uniti Group

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.