Uniti Group (NASDAQ:UNIT) Reaches New 12-Month Low – Time to Sell?

Uniti Group Inc. (NASDAQ:UNIT)’s stock price hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as $3.91 and last traded at $4.1290, with a volume of 158,609 shares. The stock had previously closed at $4.07.

Wall Street Analysts Forecast Growth

Several research firms have commented on UNIT. TD Cowen reduced their price objective on Uniti Group from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Friday, July 31st. JPMorgan Chase & Co. lowered their target price on Uniti Group from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Tuesday. Weiss Ratings downgraded Uniti Group from a “hold (c)” rating to a “sell (d)” rating in a research report on Wednesday. Raymond James Financial reissued a “strong-buy” rating and set a $12.00 price target on shares of Uniti Group in a research report on Tuesday. Finally, Wells Fargo & Company cut their price target on Uniti Group from $9.00 to $4.00 and set an “equal weight” rating on the stock in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $10.25.

Uniti Group Stock Performance

The firm has a market cap of $1.02 billion, a P/E ratio of -1.34 and a beta of 1.45. The firm’s fifty day moving average price is $7.31 and its 200 day moving average price is $9.33.

Uniti Group (NASDAQ:UNIT) last announced its quarterly earnings results on Monday, November 9th. The real estate investment trust reported ($1.03) earnings per share for the quarter, missing the consensus estimate of ($0.63) by ($0.40). Uniti Group had a negative return on equity of 397.08% and a negative net margin of 21.20%. The business had revenue of $848.10 million during the quarter, compared to analysts’ expectations of $851.37 million. As a group, analysts expect that Uniti Group Inc. will post -2.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Uniti Group

A number of large investors have recently bought and sold shares of UNIT. Bank of New York Mellon Corp purchased a new stake in Uniti Group during the second quarter worth $15,701,000. First Trust Advisors LP purchased a new position in shares of Uniti Group in the 1st quarter valued at $4,203,000. Hsbc Holdings PLC purchased a new position in shares of Uniti Group in the 1st quarter valued at $1,781,000. BTG Pactual Asset Management US LLC purchased a new position in shares of Uniti Group in the 2nd quarter valued at $1,583,000. Finally, Sei Investments Co. raised its position in shares of Uniti Group by 135.6% in the 1st quarter. Sei Investments Co. now owns 188,432 shares of the real estate investment trust’s stock worth $1,767,000 after acquiring an additional 108,438 shares in the last quarter. Institutional investors own 87.51% of the company’s stock.

About Uniti Group

Uniti Group is a communications infrastructure company that owns, builds and operates fiber-optic networks and related broadband assets. Its network infrastructure supports broadband, wireless, enterprise and government communications, including fiber connectivity for businesses and other network operators. Founded in 2015 as a spin-off from Windstream, Uniti initially focused on owning and leasing communications infrastructure, including fiber networks. In 2025, Uniti combined with Windstream, bringing together infrastructure operations with Windstream’s Kinetic broadband and enterprise services.