Uniti Group (NASDAQ:UNIT) Stock Gets Price Target Cut from JPMorgan Chase & Co.

Uniti Group (NASDAQ:UNIT) had its price objective reduced by JPMorgan Chase & Co. from $11.00 to $9.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

A number of other brokerages have also recently issued reports on UNIT. Wells Fargo & Company lowered their target price on Uniti Group from $9.00 to $4.00 and set an “equal weight” rating for the company in a report on Tuesday. Raymond James Financial reiterated a “strong-buy” rating and set a $12.00 price objective on shares of Uniti Group in a report on Tuesday. Weiss Ratings cut shares of Uniti Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, October 14th. Finally, TD Cowen decreased their price target on Uniti Group from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Uniti Group has an average rating of “Hold” and an average target price of $9.50.

Uniti Group Price Performance

NASDAQ:UNIT opened at $4.30 on Tuesday. The stock has a 50 day simple moving average of $7.20 and a 200 day simple moving average of $9.31. Uniti Group has a 1-year low of $3.91 and a 1-year high of $12.94.

Uniti Group (NASDAQ:UNIT) last released its 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 company had revenue of $848.10 million for the quarter, compared to the consensus estimate of $851.37 million. Uniti Group had a negative net margin of 21.20% and a negative return on equity of 397.08%. On average, research analysts forecast that Uniti Group will post -2.17 earnings per share for the current year.

Institutional Investors Weigh In On Uniti Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sterling Capital Management LLC raised its position in Uniti Group by 237.5% during the 3rd quarter. Sterling Capital Management LLC now owns 4,934 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 3,472 shares during the last quarter. Fortitude Family Office LLC increased its stake 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 valued at $36,000 after buying an additional 4,294 shares during the period. Parallel Advisors LLC raised its holdings in shares of Uniti Group by 1,409.9% during 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 bought a new position in shares of Uniti Group during the first quarter valued at approximately $43,000. Finally, The Manufacturers Life Insurance Company lifted its stake in Uniti Group by 5.4% in 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 acquiring an additional 4,782 shares during the period. 87.51% of the stock is currently owned by institutional investors.

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.