Uniti Group Inc. (NASDAQ:UNIT) shares traded -7.37% lower at $4.40 on Wall Street last session.
In accordance with the data, 11 analysts cover Uniti Group Inc. (NASDAQ:UNIT). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $10.00 and a low of $3.00, we find $5.00. Given the previous closing price of $4.75, this indicates a potential upside of 5.26 percent. UNIT stock price is now 5.43% away from the 50-day moving average and -17.47% away from the 200-day moving average. The market capitalization of the company currently stands at $1.13B.
It has been rated a hold by 7 analysts and a buy by 3. Brokers who have rated the stock have averaged $6.00 as their price target over the next twelve months.
With the price target enhanced from $6 to $10, Citigroup Upgraded its rating from Sell to Neutral for Uniti Group Inc. (NASDAQ: UNIT).
In other news, Gunderman Kenny, President and CEO bought 225,000 shares of the company’s stock on Mar 09. The stock was bought for $983,250 at an average price of $4.37. Upon completion of the transaction, the President and CEO now directly owns 1,372,596 shares in the company, valued at $6.04 million. Insiders disposed of 110,757 shares of company stock worth roughly $0.49 million over the past 1 year. A total of 0.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in UNIT stock. A new stake in Uniti Group Inc. shares was purchased by MIZUHO MARKETS CAYMAN LP during the first quarter worth $4,307,000. MARSHALL WACE, LLP invested $3,613,000 in shares of UNIT during the first quarter. In the first quarter, LIDO ADVISORS, LLC acquired a new stake in Uniti Group Inc. valued at approximately $2,200,000. EXODUSPOINT CAPITAL MANAGEMENT, LP acquired a new stake in UNIT for approximately $880,000. HOLOCENE ADVISORS, LP purchased a new stake in UNIT valued at around $497,000 in the second quarter. In total, there are 407 active investors with 86.60% ownership of the company’s stock.
Uniti Group Inc. (NASDAQ: UNIT) opened at $4.7300 on Monday. During the past 12 months, Uniti Group Inc. has had a low of $2.94 and a high of $10.44. The fifty day moving average price for UNIT is $4.1976 and a two-hundred day moving average price translates $5.3186 for the stock.
The latest earnings results from Uniti Group Inc. (NASDAQ: UNIT) was released for Mar, 2023. According to the REIT – Specialty Company, earnings per share came in at -$0.08, missing analysts’ expectations of $0.01 by -0.09. This compares to $0.21 EPS in the same period last year. The net profit margin was -7.10% and return on equity was 3.60% for UNIT. The company reported revenue of $289.82 million for the quarter, compared to $278.03 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.24 percent. For the current quarter, analysts expect UNIT to generate $290.38M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/30/2023. Investors who held shares on 06/16/2023 were paid a $0.15 dividend. On an annualized basis, this represents a $0.60 dividend and a 13.64% percent yield. There was an ex-dividend date of 06/15/2023 for this dividend.
