Lazard Asset Management LLC Sells 210,397 Shares of Uniti Group Inc. $UNIT

Lazard Asset Management LLC trimmed its stake in Uniti Group Inc. (NASDAQ:UNIT) by 38.4% in the first quarter, HoldingsChannel.com reports. The firm owned 337,197 shares of the real estate investment trust’s stock after selling 210,397 shares during the period. Lazard Asset Management LLC’s holdings in Uniti Group were worth $3,163,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Mackenzie Financial Corp lifted its holdings in Uniti Group by 12.5% during the 4th quarter. Mackenzie Financial Corp now owns 12,202 shares of the real estate investment trust’s stock worth $84,000 after buying an additional 1,352 shares during the period. Hilton Head Capital Partners LLC grew its position in shares of Uniti Group by 26.2% in the 1st quarter. Hilton Head Capital Partners LLC now owns 7,195 shares of the real estate investment trust’s stock valued at $67,000 after buying an additional 1,494 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Uniti Group by 2.0% in the second quarter. Daiwa Securities Group Inc. now owns 84,017 shares of the real estate investment trust’s stock valued at $363,000 after buying an additional 1,629 shares during the period. Osaic Holdings Inc. increased its stake in shares of 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 valued at $46,000 after buying an additional 1,795 shares during the period. Finally, Xponance LLC raised its position in shares of Uniti Group by 17.3% during the fourth quarter. Xponance LLC now owns 13,169 shares of the real estate investment trust’s stock worth $92,000 after acquiring an additional 1,944 shares during the last quarter. 87.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on UNIT. Citigroup lifted their price objective on Uniti Group from $9.00 to $11.75 and gave the stock a “neutral” rating in a research note on Tuesday, May 19th. TD Cowen decreased their target price on shares of Uniti Group from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Friday. JPMorgan Chase & Co. lowered their price target on shares of Uniti Group from $12.00 to $11.00 and set a “neutral” rating for the company in a report on Friday. Royal Bank Of Canada boosted their price target on shares of Uniti Group from $6.50 to $7.50 and gave the stock a “sector perform” rating in a research report on Monday, April 13th. Finally, Barclays upped their price objective on shares of Uniti Group from $11.00 to $13.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 1st. One 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $10.92.

Uniti Group Price Performance

Shares of NASDAQ:UNIT opened at $9.72 on Friday. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 3.59 and a beta of 1.40. The business’s 50-day moving average is $11.22 and its 200-day moving average is $9.87. Uniti Group Inc. has a 1 year low of $5.30 and a 1 year high of $12.94.

Uniti Group (NASDAQ:UNIT) last released its 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 negative return on equity of 133.07% and a net margin of 28.68%.The business had revenue of $909.70 million for the quarter, compared to analyst estimates of $884.82 million. Analysts anticipate that Uniti Group Inc. will post -1.65 EPS for the current year.

Key Stories Impacting 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.