Uniti Group (NASDAQ:UNIT) Stock Price Target Lowered at Citigroup

Uniti Group (NASDAQ:UNIT) had its price target dropped by investment analysts at Citigroup from $11.75 to $5.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. Citigroup‘s target price indicates a potential upside of 17.98% from the stock’s current price.

Other research analysts have also recently issued reports about the company. JPMorgan Chase & Co. lowered their target price on Uniti Group from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Tuesday. Weiss Ratings cut Uniti Group from a “hold (c)” rating to a “sell (d)” rating in a report on Wednesday. Wells Fargo & Company reduced their price objective on Uniti Group from $9.00 to $4.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Raymond James Financial reissued a “strong-buy” rating and set a $12.00 price target on shares of Uniti Group in a research report on Tuesday. Finally, TD Cowen cut their price target on shares of Uniti Group from $12.00 to $11.00 and set a “buy” rating for the company in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $9.50.

Uniti Group Stock Performance

Shares of NASDAQ UNIT traded up $0.17 during mid-day trading on Thursday, reaching $4.24. The company’s stock had a trading volume of 1,127,712 shares, compared to its average volume of 2,681,532. The stock has a 50-day moving average of $7.31 and a two-hundred day moving average of $9.33. The stock has a market capitalization of $1.03 billion, a P/E ratio of -1.30 and a beta of 1.45. Uniti Group has a 1-year low of $3.91 and a 1-year high of $12.94.

Uniti Group (NASDAQ:UNIT) last posted its quarterly earnings results on Monday, November 9th. The real estate investment trust reported ($1.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.63) by ($0.40). The business had revenue of $848.10 million for the quarter, compared to analyst estimates of $851.37 million. Uniti Group had a negative return on equity of 397.08% and a negative net margin of 21.20%. Analysts predict that Uniti Group will post -2.01 EPS for the current fiscal year.

Hedge Funds Weigh In On Uniti Group

Several large investors have recently bought and sold shares of UNIT. Sterling Capital Management LLC raised its holdings in Uniti Group by 237.5% during the third quarter. Sterling Capital Management LLC now owns 4,934 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 3,472 shares in the last quarter. Fortitude Family Office LLC lifted its holdings in shares of Uniti Group by 7,156.7% during the third quarter. Fortitude Family Office LLC now owns 4,354 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 4,294 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Uniti Group by 1,409.9% in the third quarter. Parallel Advisors LLC now owns 4,741 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 4,427 shares in the last quarter. KBC Group NV acquired a new position in Uniti Group during the first quarter worth $43,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in Uniti Group by 5.4% during the first quarter. The Manufacturers Life Insurance Company now owns 92,743 shares of the real estate investment trust’s stock worth $870,000 after buying an additional 4,782 shares in the last quarter. Hedge funds and other institutional investors own 87.51% of the company’s stock.

About Uniti Group

Uniti Group is a communications infrastructure company that owns, builds and operates fiber-optic networks and related broadband assets. Its network infrastructure supports broadband, wireless, enterprise and government communications, including fiber connectivity for businesses and other network operators. Founded in 2015 as a spin-off from Windstream, Uniti initially focused on owning and leasing communications infrastructure, including fiber networks. In 2025, Uniti combined with Windstream, bringing together infrastructure operations with Windstream’s Kinetic broadband and enterprise services.