Citigroup Has Lowered Expectations for Uniti Group (NASDAQ:UNIT) Stock Price

Key Points

• Citigroup cut its Uniti Group price target sharply, from $11.75 to $5.00, while maintaining a neutral rating; the new target implies about 18% upside from the prior close.
• Analyst views remain mixed, but the consensus rating is “Hold” with a $9.50 price target. Wells Fargo and JPMorgan also lowered targets, while Raymond James reiterated a strong-buy rating.
• Uniti Group’s latest quarter missed expectations, reporting an EPS loss of $1.03 versus the $0.63 loss analysts expected; revenue also came in slightly below forecasts.

Uniti Group (NASDAQ:UNIT - Get Free Report) had its price target reduced by investment analysts at Citigroup from $11.75 to $5.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has a "neutral" rating on the real estate investment trust's stock. Citigroup's price target indicates a potential upside of 17.98% from the stock's previous close.

A number of other equities research analysts have also recently commented on the stock. Wells Fargo & Company dropped their price objective on shares of Uniti Group from $9.00 to $4.00 and set an "equal weight" rating on the stock in a research note on Tuesday. Raymond James Financial restated a "strong-buy" rating and set a $12.00 price target on shares of Uniti Group in a research report on Tuesday. Weiss Ratings cut shares of Uniti Group from a "hold (c)" rating to a "sell (d)" rating in a report on Wednesday. TD Cowen cut their price objective on shares of Uniti Group from $12.00 to $11.00 and set a "buy" rating for the company in a report on Friday, July 31st. Finally, JPMorgan Chase & Co. lowered their target price on shares of Uniti Group from $11.00 to $9.00 and set a "neutral" rating on the stock in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $9.50.

Uniti Group Trading Up 4.1%

Shares of NASDAQ UNIT traded up $0.17 during trading on Thursday, reaching $4.24. 1,127,712 shares of the company traded hands, compared to its average volume of 2,681,532. The firm's fifty day simple moving average is $7.31 and its 200 day simple moving average is $9.33. The stock has a market cap of $1.03 billion, a P/E ratio of -1.30 and a beta of 1.45. Uniti Group has a 12-month low of $3.91 and a 12-month high of $12.94.

Uniti Group (NASDAQ:UNIT - Get Free Report) last issued its earnings results on Monday, November 9th. The real estate investment trust reported ($1.03) EPS for the quarter, missing analysts' consensus estimates of ($0.63) by ($0.40). The company had revenue of $848.10 million during the quarter, compared to analysts' expectations of $851.37 million. Uniti Group had a negative return on equity of 397.08% and a negative net margin of 21.20%. As a group, research analysts expect that Uniti Group will post -2.01 EPS for the current year.

Institutional Trading of Uniti Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Global Retirement Partners LLC raised its position in shares of Uniti Group by 3,786.5% during the 3rd quarter. Global Retirement Partners LLC now owns 20,987 shares of the real estate investment trust's stock worth $176,000 after purchasing an additional 20,447 shares during the last quarter. Maryland State Retirement & Pension System increased its stake in Uniti Group by 49.8% during the 3rd quarter. Maryland State Retirement & Pension System now owns 39,844 shares of the real estate investment trust's stock worth $334,000 after buying an additional 13,245 shares in the last quarter. Jefferies Financial Group Inc. increased its stake in Uniti Group by 43.6% during the 3rd quarter. Jefferies Financial Group Inc. now owns 86,250 shares of the real estate investment trust's stock worth $723,000 after buying an additional 26,184 shares in the last quarter. Parallel Advisors LLC increased its stake in Uniti Group by 1,409.9% during the 3rd quarter. Parallel Advisors LLC now owns 4,741 shares of the real estate investment trust's stock worth $40,000 after buying an additional 4,427 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC acquired a new position in shares of Uniti Group during the third quarter valued at approximately $109,000. Hedge funds and other 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.

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