Uniti Group (NASDAQ:UNIT) Hits New 52-Week Low - Should You Sell?

Key Points

• Uniti Group Inc. shares recently reached a new 52-week low at $5.66, with a last trading price of $5.76, reflecting a challenging market position.
• Analysts have varied opinions on Uniti Group; with ratings ranging from "strong sell" to "equal weight," the consensus target price is currently set at $6.56.
• The company reported earnings of $0.36 EPS, missing the consensus estimate, and its revenue for the last quarter was down from expectations, raising concerns about future performance.

Shares of Uniti Group Inc. (NASDAQ:UNIT - Get Free Report) reached a new 52-week low during trading on Friday . The stock traded as low as $5.66 and last traded at $5.76, with a volume of 315553 shares changing hands. The stock had previously closed at $5.79.

Analysts Set New Price Targets

UNIT has been the subject of a number of analyst reports. Weiss Ratings reiterated a "sell (d)" rating on shares of Uniti Group in a research report on Saturday, September 27th. Barclays started coverage on Uniti Group in a research report on Friday. They issued an "equal weight" rating and a $6.00 price objective for the company. Wells Fargo & Company increased their target price on Uniti Group from $4.50 to $7.50 and gave the company an "equal weight" rating in a research report on Thursday, August 7th. Zacks Research lowered shares of Uniti Group from a "hold" rating to a "strong sell" rating in a report on Wednesday, September 10th. Finally, Wall Street Zen downgraded shares of Uniti Group from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $6.56.

Uniti Group Stock Up 0.9%

The stock has a 50-day moving average of $6.41 and a 200 day moving average of $5.21. The stock has a market cap of $864.20 million, a PE ratio of 21.23 and a beta of 1.56.

Uniti Group (NASDAQ:UNIT - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The real estate investment trust reported $0.36 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.06). Uniti Group had a negative return on equity of 1.43% and a net margin of 2.96%.The company had revenue of $300.73 million for the quarter, compared to analysts' expectations of $304.06 million. During the same quarter in the prior year, the firm earned $0.34 EPS. The firm's revenue was up 2.0% on a year-over-year basis. Uniti Group has set its FY 2025 guidance at EPS. Research analysts forecast that Uniti Group Inc. will post 1.28 EPS for the current fiscal year.

Institutional Trading of Uniti Group

Several institutional investors have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Uniti Group by 16.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 683,626 shares of the real estate investment trust's stock valued at $3,760,000 after purchasing an additional 94,903 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Uniti Group by 10.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 24,834 shares of the real estate investment trust's stock valued at $137,000 after buying an additional 2,447 shares during the last quarter. California State Teachers Retirement System boosted its stake in Uniti Group by 1.5% during the fourth quarter. California State Teachers Retirement System now owns 228,227 shares of the real estate investment trust's stock worth $1,255,000 after buying an additional 3,287 shares during the period. GAMMA Investing LLC increased its position in shares of Uniti Group by 486.7% during the first quarter. GAMMA Investing LLC now owns 18,522 shares of the real estate investment trust's stock valued at $93,000 after acquiring an additional 15,365 shares during the last quarter. Finally, Range Financial Group LLC raised its stake in shares of Uniti Group by 22.3% in the 1st quarter. Range Financial Group LLC now owns 44,699 shares of the real estate investment trust's stock valued at $225,000 after acquiring an additional 8,137 shares during the period. Hedge funds and other institutional investors own 87.51% of the company's stock.

About Uniti Group

Uniti Group, Inc is a real estate investment trust company, which engages in the acquisition, construction, and leasing of properties. It operates through the following business segments: Uniti Leasing, Uniti Fiber, and Corporate. The Uniti Leasing segment involves mission-critical communications assets on exclusive or shared-tenant basis, and dark fiber network.

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