Uniti Group (NASDAQ:UNIT) Stock Gets Price Target Cut from Wells Fargo & Company

Uniti Group (NASDAQ:UNIT) had its target price cut by Wells Fargo & Company from $9.00 to $4.00 in a research note released on Tuesday,Benzinga reports. They currently have an equal weight rating on the real estate investment trust’s stock.

A number of other equities research analysts have also recently weighed in on UNIT. Weiss Ratings cut Uniti Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, October 14th. Raymond James Financial restated a “strong-buy” rating and set a $12.00 price objective on shares of Uniti Group in a report on Tuesday. TD Cowen cut their target price on Uniti Group from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. Finally, JPMorgan Chase & Co. reduced their target price on shares of Uniti Group from $12.00 to $11.00 and set a “neutral” rating for the company in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Uniti Group presently has an average rating of “Hold” and an average target price of $9.50.

Uniti Group Price Performance

Shares of UNIT stock opened at $4.30 on Tuesday. The stock’s 50-day simple moving average is $7.20 and its 200-day simple moving average is $9.31. Uniti Group has a fifty-two week low of $3.91 and a fifty-two week high of $12.94.

Uniti Group (NASDAQ:UNIT) last issued its quarterly earnings results on Monday, November 9th. The real estate investment trust reported ($1.03) EPS for the quarter, missing the consensus estimate of ($0.63) by ($0.40). The company had revenue of $848.10 million during the quarter, compared to analysts’ expectations of $851.37 million. Uniti Group had a negative return on equity of 397.08% and a negative net margin of 21.20%. As a group, equities analysts predict that Uniti Group will post -2.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Uniti Group

A number of large investors have recently modified their holdings of UNIT. Sei Investments Co. boosted its position in shares of Uniti Group by 135.6% in the 1st quarter. Sei Investments Co. now owns 188,432 shares of the real estate investment trust’s stock worth $1,767,000 after purchasing an additional 108,438 shares during the last quarter. Hsbc Holdings PLC bought a new position in shares of Uniti Group during the first quarter worth about $1,781,000. BTG Pactual Asset Management US LLC bought a new position in shares of Uniti Group during the 2nd quarter worth approximately $1,583,000. First Trust Advisors LP bought a new stake in shares of Uniti Group in the first quarter worth $4,203,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Uniti Group during the 2nd quarter worth about $15,701,000. 87.51% of the stock is currently owned by institutional investors and hedge funds.

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.