BidaskClub downgraded shares of Uniti Group (NASDAQ:UNIT) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning, BidAskClub reports.
Other analysts also recently issued research reports about the stock. Citigroup set a $68.00 target price on shares of Colgate-Palmolive and gave the stock a hold rating in a research report on Tuesday, March 19th. Zacks Investment Research downgraded shares of Horiba from a hold rating to a sell rating in a research report on Wednesday, May 22nd. Deutsche Bank dropped their target price on shares of Uniti Group from $20.00 to $8.00 and set a hold rating for the company in a research report on Friday, March 22nd. Finally, ValuEngine upgraded Zynerba Pharmaceuticals from a sell rating to a hold rating in a report on Monday, April 1st. Six equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $14.50.
UNIT opened at $9.26 on Tuesday. The business’s 50 day simple moving average is $10.06. The firm has a market cap of $1.67 billion, a P/E ratio of 3.69, a PEG ratio of 1.36 and a beta of 1.03. Uniti Group has a 1 year low of $8.06 and a 1 year high of $21.89.
Uniti Group (NASDAQ:UNIT) last posted its earnings results on Thursday, May 9th. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.54). The business had revenue of $261.03 million for the quarter, compared to analyst estimates of $270.25 million. Uniti Group had a negative return on equity of 0.82% and a net margin of 1.16%. On average, equities analysts predict that Uniti Group will post 2.22 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date is Thursday, June 27th. Uniti Group’s dividend payout ratio is presently 7.97%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Joseph P. Lucia & Associates LLC purchased a new position in Uniti Group in the 1st quarter worth approximately $89,000. Truvestments Capital LLC purchased a new position in shares of Uniti Group during the 1st quarter valued at approximately $59,000. Rocky Mountain Advisers LLC boosted its stake in shares of Uniti Group by 1,566.7% during 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 last quarter. Alpine Woods Capital Investors LLC purchased a new position in shares of Uniti Group during the 1st quarter valued at approximately $114,000. Finally, Symons Capital Management Inc. purchased a new position in shares of Uniti Group during the 1st quarter valued at approximately $127,000. Hedge funds and other institutional investors own 79.34% of the company’s stock.
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.
Featured Article: How can investors find ex-dividend dates?
Receive News & Ratings for Uniti Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Uniti Group and related companies with MarketBeat.com's FREE daily email newsletter.