Uniti Group Inc (NASDAQ:UNIT) has received an average rating of “Hold” from the eleven research firms that are currently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $12.57.
A number of brokerages recently issued reports on UNIT. BidaskClub cut Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research cut Horiba from a “hold” rating to a “sell” rating in a research report on Wednesday, May 22nd. Deutsche Bank decreased their target price on Uniti Group from $20.00 to $8.00 and set a “hold” rating for the company in a research report on Friday, March 22nd. Citigroup set a $68.00 target price on Colgate-Palmolive and gave the company a “hold” rating in a research report on Tuesday, March 19th. Finally, ValuEngine raised Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Monday, April 1st.
Shares of UNIT traded up $0.01 during mid-day trading on Friday, reaching $9.27. The company’s stock had a trading volume of 328,827 shares, compared to its average volume of 4,581,661. Uniti Group has a 12-month low of $8.06 and a 12-month high of $21.89. The firm has a market capitalization of $1.72 billion, a PE ratio of 3.77, a PEG ratio of 1.36 and a beta of 1.03. The firm’s 50 day moving average price is $10.06.
Uniti Group (NASDAQ:UNIT) last announced its earnings results on Thursday, May 9th. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.54). The firm had revenue of $261.03 million during the quarter, compared to analyst estimates of $270.25 million. Uniti Group had a net margin of 1.16% and a negative return on equity of 0.82%. On average, equities research analysts predict that Uniti Group will post 2.22 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $0.20 dividend on an annualized basis and a yield of 2.16%. Uniti Group’s payout ratio is 7.97%.
Institutional investors have recently bought and sold shares of the business. Truvestments Capital LLC acquired a new stake in shares of Uniti Group in the 1st quarter valued at approximately $59,000. Rocky Mountain Advisers LLC lifted its holdings in shares of Uniti Group by 1,566.7% in the 1st quarter. Rocky Mountain Advisers LLC now owns 7,500 shares of the real estate investment trust’s stock valued at $84,000 after buying an additional 7,050 shares during the period. Joseph P. Lucia & Associates LLC acquired a new stake in shares of Uniti Group in the 1st quarter valued at approximately $89,000. Alpine Woods Capital Investors LLC acquired a new stake in shares of Uniti Group in the 1st quarter valued at approximately $114,000. Finally, Symons Capital Management Inc. acquired a new stake in shares of Uniti Group in the 1st quarter valued at approximately $127,000. 79.34% of the stock is owned by institutional investors.
Uniti Group Company Profile
Uniti, an internally managed real estate investment trust, is engaged in the acquisition and construction of mission critical communications infrastructure, and is a leading provider of wireless infrastructure solutions for the communications industry. As of December 31, 2018, Uniti owns 5.5 million fiber strand miles, approximately 928 wireless towers, and other communications real estate throughout the United States and Latin America.
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