Uniti Group Inc. (NASDAQ:UNIT - Get Free Report)'s share price shot up 6.2% during trading on Monday . The stock traded as high as $6.56 and last traded at $6.73. 502,065 shares traded hands during trading, a decline of 60% from the average session volume of 1,254,880 shares. The stock had previously closed at $6.33.
Analyst Ratings Changes
Several research firms have recently commented on UNIT. Wall Street Zen cut shares of Uniti Group from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Citigroup restated a "neutral" rating and set a $5.30 price target on shares of Uniti Group in a report on Friday, May 16th. Finally, Wells Fargo & Company boosted their price target on shares of Uniti Group from $4.50 to $7.50 and gave the company an "equal weight" rating in a report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $6.70.
View Our Latest Report on UNIT
Uniti Group Stock Performance
The firm's 50 day moving average is $5.47 and its 200-day moving average is $5.03. The firm has a market cap of $975.19 million, a price-to-earnings ratio of 23.95 and a beta of 1.47.
Uniti Group (NASDAQ:UNIT - Get Free Report) last released its quarterly earnings data 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 net margin of 2.96% and a negative return on equity of 1.43%. The business had revenue of $300.73 million during the quarter, compared to analyst estimates of $304.06 million. During the same period in the previous year, the firm posted $0.34 EPS. The firm's revenue for the quarter 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 predict that Uniti Group Inc. will post 1.28 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Thrivent Financial for Lutherans lifted its position in Uniti Group by 36.5% during the 2nd quarter. Thrivent Financial for Lutherans now owns 3,290,053 shares of the real estate investment trust's stock worth $14,213,000 after acquiring an additional 880,394 shares during the last quarter. Neuberger Berman Group LLC lifted its position in Uniti Group by 12.1% during the 2nd quarter. Neuberger Berman Group LLC now owns 35,156 shares of the real estate investment trust's stock worth $152,000 after acquiring an additional 3,806 shares during the last quarter. State of Wyoming lifted its position in Uniti Group by 22.5% during the 2nd quarter. State of Wyoming now owns 62,567 shares of the real estate investment trust's stock worth $270,000 after acquiring an additional 11,483 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its position in Uniti Group by 3.1% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 259,142 shares of the real estate investment trust's stock worth $1,120,000 after acquiring an additional 7,726 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in Uniti Group by 602.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 22,634 shares of the real estate investment trust's stock worth $98,000 after acquiring an additional 19,414 shares during the last quarter. Institutional investors and hedge funds own 87.51% of the company's stock.
About Uniti Group
(
Get Free Report)
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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