Uniti Group (NASDAQ:UNIT) Given New $11.00 Price Target at JPMorgan Chase & Co.

Uniti Group (NASDAQ:UNIT) had its price target cut by JPMorgan Chase & Co. from $12.00 to $11.00 in a report released on Friday,Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

Other research analysts have also recently issued research reports about the stock. Wells Fargo & Company upped their price target on shares of Uniti Group from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 12th. TD Cowen reduced their target price on Uniti Group from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Friday. Royal Bank Of Canada upped their target price on Uniti Group from $6.50 to $7.50 and gave the stock a “sector perform” rating in a research note on Monday, April 13th. Weiss Ratings raised Uniti Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, May 22nd. Finally, Barclays lifted their price target on Uniti Group from $11.00 to $13.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Uniti Group presently has an average rating of “Hold” and a consensus price target of $10.92.

Uniti Group Trading Up 4.6%

Uniti Group stock opened at $9.72 on Friday. Uniti Group has a 1-year low of $5.30 and a 1-year high of $12.94. The firm has a market capitalization of $2.36 billion, a PE ratio of 3.59 and a beta of 1.40. The firm’s 50 day simple moving average is $11.22 and its 200 day simple moving average is $9.87.

Uniti Group (NASDAQ:UNIT) last announced its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported ($0.68) EPS for the quarter, missing the consensus estimate of ($0.45) by ($0.23). Uniti Group had a net margin of 28.68% and a negative return on equity of 133.07%. The firm had revenue of $909.70 million during the quarter, compared to the consensus estimate of $884.82 million. Research analysts forecast that Uniti Group will post -1.56 earnings per share for the current year.

Institutional Trading of Uniti Group

Hedge funds have recently made changes to their positions in the stock. Amundi lifted its holdings in shares of Uniti Group by 38.3% during the 1st quarter. Amundi now owns 52,782 shares of the real estate investment trust’s stock worth $495,000 after acquiring an additional 14,618 shares during the last quarter. California State Teachers Retirement System increased its stake in Uniti Group by 16.7% in the first quarter. California State Teachers Retirement System now owns 171,559 shares of the real estate investment trust’s stock valued at $1,609,000 after acquiring an additional 24,594 shares during the last quarter. Royal Bank of Canada increased its stake in Uniti Group by 159.5% in the first quarter. Royal Bank of Canada now owns 47,947 shares of the real estate investment trust’s stock valued at $449,000 after acquiring an additional 29,467 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Uniti Group by 5.4% during the first quarter. The Manufacturers Life Insurance Company now owns 92,743 shares of the real estate investment trust’s stock valued at $870,000 after purchasing an additional 4,782 shares in the last quarter. Finally, Quantinno Capital Management LP raised its position in Uniti Group by 46.6% during the first quarter. Quantinno Capital Management LP now owns 51,413 shares of the real estate investment trust’s stock valued at $482,000 after purchasing an additional 16,335 shares in the last quarter. 87.51% of the stock is owned by institutional investors.

Trending Headlines about Uniti Group

Here are the key news stories impacting Uniti Group this week:

• Positive Sentiment: Revenue exceeded expectations: Uniti reported second-quarter revenue of $909.7 million, above the $884.8 million consensus estimate. The company also delivered $357.1 million in adjusted EBITDA. Uniti Group earnings report
• Positive Sentiment: Fiber infrastructure bookings reached a record level: The bookings momentum may signal stronger demand and support Uniti’s long-term growth prospects. Management also reaffirmed full-year 2026 revenue guidance of approximately $3.6 billion to $3.7 billion. Uniti Group second-quarter 2026 results
• Neutral Sentiment: Analyst opinions remain divided: TD Cowen maintained a “buy” rating, while JPMorgan moved to “neutral.” Both firms reduced their price targets from $12 to $11, but the new targets still imply approximately 13% upside from the referenced share price. Benzinga analyst ratings
• Negative Sentiment: Quarterly losses were substantially worse than expected: Uniti reported a loss of $0.68 per share, compared with the consensus estimate of a $0.43 loss and a $0.04 loss in the prior-year quarter. The company also reported a $155.9 million net loss, which may be pressuring the stock despite the revenue beat. Uniti Group reports second-quarter loss

About Uniti Group

Uniti Group Inc is a real estate investment trust that owns, operates and acquires communications infrastructure assets across the United States. Established in September 2015 through a spin-off from Windstream Holdings, Uniti Group focuses on leasing fiber, small cell networks, cell towers and related infrastructure to service providers, wireless carriers and other enterprises requiring high-capacity connectivity. The company’s assets are designed to support the growing data demands of residential, business and governmental customers, with an emphasis on long-term contractual lease arrangements.

Uniti’s portfolio encompasses an extensive fiber network that spans metropolitan and rural markets, as well as a portfolio of wireless towers and small cell nodes that facilitate mobile network densification and help carriers deploy 5G services.