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

Key Points

• Uniti Group's stock has reached a new 52-week low at $5.86, closing at $5.88, down 7.5% from its previous close of $6.30.
• Analyst ratings have been mixed, with Wells Fargo raising their price target to $7.50 while Wall Street Zen downgraded it to a "sell," leading to a current consensus rating of "Moderate Buy" and an average target price of $6.70.
• Despite a year-over-year revenue increase of 2%, Uniti Group missed EPS expectations for the latest quarter and reported a negative return on equity of -1.43%.

Uniti Group Inc. (NASDAQ:UNIT - Get Free Report)'s share price reached a new 52-week low on Tuesday . The stock traded as low as $5.86 and last traded at $5.88, with a volume of 1646499 shares. The stock had previously closed at $6.30.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of Uniti Group from $4.50 to $7.50 and gave the stock an "equal weight" rating in a research note on Thursday, August 7th. Citigroup restated a "neutral" rating and set a $5.30 price objective on shares of Uniti Group in a research note on Friday, May 16th. Finally, Wall Street Zen lowered shares of Uniti Group from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Uniti Group has an average rating of "Moderate Buy" and an average target price of $6.70.

Uniti Group Stock Down 7.5%

The firm has a market capitalization of $862.72 million, a P/E ratio of 21.19 and a beta of 1.51. The firm has a 50 day moving average of $5.55 and a 200-day moving average of $5.03.

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 earnings per share (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 firm had revenue of $300.73 million for the quarter, compared to analyst estimates of $304.06 million. During the same quarter in the prior year, the business posted $0.34 EPS. The business's revenue was up 2.0% on a year-over-year basis. Uniti Group has set its FY 2025 guidance at EPS. As a group, research analysts expect that Uniti Group Inc. will post 1.28 EPS for the current year.

Institutional Trading of Uniti Group

A number of hedge funds have recently added to or reduced their stakes in the stock. KBC Group NV bought a new position in shares of Uniti Group during the first quarter valued at $28,000. Allworth Financial LP raised its stake in shares of Uniti Group by 775.7% during the second quarter. Allworth Financial LP now owns 7,811 shares of the real estate investment trust's stock valued at $34,000 after acquiring an additional 6,919 shares during the last quarter. Park Avenue Securities LLC bought a new position in shares of Uniti Group during the second quarter valued at $45,000. American Century Companies Inc. bought a new position in shares of Uniti Group during the first quarter valued at $65,000. Finally, Inspire Advisors LLC bought a new position in shares of Uniti Group during the first quarter valued at $66,000. Institutional investors and hedge funds own 87.51% of the company's stock.

Uniti Group Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.