Uniti Group (NASDAQ:UNIT) Price Target Raised to $12.00 at JPMorgan Chase & Co.

Uniti Group (NASDAQ:UNIT) had its target price lifted by JPMorgan Chase & Co. from $8.00 to $12.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a neutral rating on the real estate investment trust’s stock.

UNIT has been the subject of a number of other reports. Wells Fargo & Company boosted their price target on Uniti Group from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Tuesday. Weiss Ratings raised Uniti Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday. Citigroup boosted their price target on Uniti Group from $8.80 to $9.00 and gave the company a “neutral” rating in a report on Monday, March 9th. Wall Street Zen downgraded Uniti Group from a “hold” rating to a “sell” rating in a report on Sunday, March 1st. Finally, Zacks Research raised Uniti Group from a “strong sell” rating to a “hold” rating in a report on Friday, April 3rd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Uniti Group has an average rating of “Hold” and an average price target of $10.61.

Uniti Group Stock Down 1.3%

Shares of NASDAQ UNIT opened at $11.22 on Tuesday. The business’s 50 day moving average price is $9.76 and its 200 day moving average price is $8.03. The firm has a market cap of $2.72 billion, a P/E ratio of 3.35 and a beta of 1.44. Uniti Group has a 52 week low of $5.30 and a 52 week high of $12.39.

Uniti Group (NASDAQ:UNIT) last issued its earnings results on Monday, May 11th. The real estate investment trust reported ($0.34) EPS for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.01. Uniti Group had a negative return on equity of 2.52% and a net margin of 39.61%.The firm had revenue of $987.50 million for the quarter, compared to analyst estimates of $930.08 million. During the same quarter in the prior year, the firm earned $0.35 earnings per share. Uniti Group’s revenue for the quarter was up 236.0% on a year-over-year basis. As a group, research analysts expect that Uniti Group will post -1.66 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Hilton Head Capital Partners LLC acquired a new position in shares of Uniti Group during the 4th quarter worth approximately $40,000. KBC Group NV acquired a new position in Uniti Group in the 1st quarter valued at $43,000. Osaic Holdings Inc. raised its stake in Uniti Group by 20.6% in the 2nd quarter. Osaic Holdings Inc. now owns 10,511 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,795 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in Uniti Group in the 4th quarter valued at $72,000. Finally, FNY Investment Advisers LLC acquired a new position in Uniti Group in the 3rd quarter valued at $75,000. 87.51% of the stock is owned by institutional investors and hedge funds.

Uniti Group News Summary

Here are the key news stories impacting Uniti Group this week:

• Positive Sentiment: Uniti reported first-quarter EPS of -$0.34, slightly better than the -$0.35 consensus, while revenue of $987.5 million topped estimates of $930.1 million; the company also reiterated its 2026 outlook, which helps reassure investors about near-term performance. Article Title
• Positive Sentiment: Analysts raised forecasts following the stronger-than-expected quarter, reinforcing the view that recent results were better than feared and may improve sentiment toward the stock. Article Title
• Positive Sentiment: JPMorgan raised its price target on Uniti from $8.00 to $12.00, suggesting improved confidence in the company’s outlook even though the firm kept a neutral rating. Article Title
• Neutral Sentiment: Uniti Wholesale said its FastWaves service can deliver eligible 100G and 400G wave services in three weeks or less, a business update that may support growth but is not yet a major financial catalyst. Article Title
• Negative Sentiment: The company still posted a quarterly loss, and management’s guidance update lacked a clear EPS figure in the provided filing excerpt, leaving some uncertainty around profitability despite the revenue beat. Article Title

Uniti Group Company Profile

Uniti Group Inc is a real estate investment trust that owns, operates and acquires communications infrastructure assets across the United States. Established in September 2015 through a spin-off from Windstream Holdings, Uniti Group focuses on leasing fiber, small cell networks, cell towers and related infrastructure to service providers, wireless carriers and other enterprises requiring high-capacity connectivity. The company’s assets are designed to support the growing data demands of residential, business and governmental customers, with an emphasis on long-term contractual lease arrangements.

Uniti’s portfolio encompasses an extensive fiber network that spans metropolitan and rural markets, as well as a portfolio of wireless towers and small cell nodes that facilitate mobile network densification and help carriers deploy 5G services.