Uniti Group (NASDAQ:UNIT) Receives "Sell (D)" Rating from Weiss Ratings

Key Points

• Weiss Ratings has reaffirmed a "sell (d)" rating for Uniti Group (NASDAQ:UNIT), reflecting ongoing concerns among analysts about the company's performance.
• Recently, several analysts, including Barclays and Zacks Research, have provided mixed ratings, with targets ranging from $4.50 to $7.50, indicating a cautious market sentiment.
• Uniti Group recently reported quarterly earnings of $0.36 per share, missing expectations, and is forecasting earnings of $1.28 per share for the current fiscal year.

Uniti Group (NASDAQ:UNIT - Get Free Report)'s stock had its "sell (d)" rating reaffirmed by equities research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

A number of other equities analysts have also commented on the company. Barclays initiated coverage on Uniti Group in a research note on Friday, October 3rd. They issued an "equal weight" rating and a $6.00 price objective on the stock. Zacks Research cut Uniti Group from a "hold" rating to a "strong sell" rating in a report on Wednesday, September 10th. Wall Street Zen lowered Uniti Group from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Finally, Wells Fargo & Company raised their target price on Uniti Group from $4.50 to $7.50 and gave the company an "equal weight" rating in a research note on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $6.56.

Uniti Group Trading Up 2.0%

UNIT traded up $0.12 during trading on Wednesday, hitting $6.13. 1,699,869 shares of the company's stock were exchanged, compared to its average volume of 3,173,241. The stock has a 50 day moving average price of $6.43 and a 200 day moving average price of $5.24. Uniti Group has a 1 year low of $5.66 and a 1 year high of $12.62. The firm has a market cap of $907.12 million, a P/E ratio of 22.28 and a beta of 1.56.

Uniti Group (NASDAQ:UNIT - Get Free Report) last released 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 firm had revenue of $300.73 million for the quarter, compared to the consensus estimate of $304.06 million. During the same quarter in the prior year, the company posted $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. Analysts forecast that Uniti Group will post 1.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Uniti Group

A number of institutional investors have recently modified their holdings of the business. KBC Group NV purchased a new stake in shares of Uniti Group during the 1st quarter valued at approximately $28,000. Allworth Financial LP raised its holdings in 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 worth $34,000 after purchasing an additional 6,919 shares in the last quarter. Park Avenue Securities LLC acquired a new stake in shares of Uniti Group in the second quarter valued at approximately $45,000. Osaic Holdings Inc. boosted its holdings in shares of Uniti Group by 20.6% in the 2nd quarter. Osaic Holdings Inc. now owns 10,511 shares of the real estate investment trust's stock valued at $46,000 after purchasing an additional 1,795 shares during the last quarter. Finally, American Century Companies Inc. purchased a new stake in Uniti Group during the 1st quarter worth $65,000. 87.51% of the stock is currently owned by institutional investors and hedge funds.

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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