Uniti Group Inc. (NASDAQ:UNIT) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Analysts give Uniti Group a consensus "Hold" rating from seven firms (1 sell, 4 hold, 1 buy, 1 strong buy) with an average 12‑month price target of $8.60, reflecting wide divergence in views.
• In the latest quarter Uniti reported a sizable EPS miss—($1.19) vs. consensus ($0.46)—while revenue of $917.2M beat estimates and jumped 212.8% year‑over‑year.
• Shares trade around $8.10 with a market cap of $1.94B and a low PE of 2.15, and roughly 87.5% of the stock is held by institutional investors.

Shares of Uniti Group Inc. (NASDAQ:UNIT - Get Free Report) have received an average recommendation of "Hold" from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $8.60.

A number of analysts have weighed in on UNIT shares. Citigroup raised their price objective on shares of Uniti Group from $8.80 to $9.00 and gave the company a "neutral" rating in a research note on Monday, March 9th. Wall Street Zen downgraded shares of Uniti Group from a "hold" rating to a "sell" rating in a research note on Sunday, March 1st. Barclays set a $8.00 price target on shares of Uniti Group in a report on Thursday, January 29th. Zacks Research downgraded shares of Uniti Group from a "hold" rating to a "strong sell" rating in a research report on Thursday, March 5th. Finally, Raymond James Financial restated a "strong-buy" rating and issued a $11.00 price objective on shares of Uniti Group in a report on Tuesday, March 3rd.

Uniti Group Stock Up 2.8%

UNIT stock opened at $8.10 on Tuesday. Uniti Group has a twelve month low of $5.30 and a twelve month high of $11.73. The firm has a market cap of $1.94 billion, a PE ratio of 2.15 and a beta of 1.50. The business has a 50 day moving average of $7.91 and a 200 day moving average of $7.01.

Uniti Group (NASDAQ:UNIT - Get Free Report) last released its earnings results on Monday, March 2nd. The real estate investment trust reported ($1.19) EPS for the quarter, missing the consensus estimate of ($0.46) by ($0.73). Uniti Group had a negative return on equity of 2.52% and a net margin of 55.60%.The company had revenue of $917.20 million during the quarter, compared to the consensus estimate of $909.44 million. During the same period last year, the firm posted $0.35 earnings per share. The company's revenue was up 212.8% compared to the same quarter last year. On average, research analysts expect that Uniti Group will post 1.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Uniti Group

Several large investors have recently bought and sold shares of the business. Hilton Head Capital Partners LLC purchased a new position in Uniti Group in the 4th quarter worth about $40,000. Osaic Holdings Inc. boosted its holdings in shares of Uniti Group by 20.6% during the 2nd quarter. Osaic Holdings Inc. now owns 10,511 shares of the real estate investment trust's stock valued at $46,000 after acquiring an additional 1,795 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of Uniti Group in the fourth quarter worth approximately $72,000. FNY Investment Advisers LLC bought a new stake in shares of Uniti Group in the third quarter worth approximately $75,000. Finally, Cibc World Markets Corp purchased a new position in shares of Uniti Group during the fourth quarter valued at approximately $78,000. 87.51% of the stock is currently owned by institutional investors.

Uniti Group Company Profile

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.

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