ValuEngine upgraded shares of Uniti Group (NASDAQ:UNIT) from a sell rating to a hold rating in a report published on Monday.
Other analysts have also issued research reports about the company. BidaskClub lowered Uniti Group from a strong-buy rating to a buy rating in a research note on Saturday, December 15th. Zacks Investment Research raised Uniti Group from a strong sell rating to a hold rating in a research note on Saturday, January 5th. Finally, Morgan Stanley lowered Uniti Group from an equal weight rating to an underweight rating and reduced their price objective for the stock from $24.00 to $16.00 in a research note on Wednesday, December 12th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $23.00.
UNIT stock traded up $0.11 during trading on Monday, hitting $18.28. The company had a trading volume of 2,776 shares, compared to its average volume of 2,212,612. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 7.28, a P/E/G ratio of 0.81 and a beta of 1.00. Uniti Group has a fifty-two week low of $13.94 and a fifty-two week high of $23.42.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 13.13%. The ex-dividend date is Friday, December 28th. Uniti Group’s dividend payout ratio is currently 95.62%.
A number of institutional investors have recently bought and sold shares of UNIT. Truvestments Capital LLC bought a new stake in shares of Uniti Group during the third quarter worth $101,000. Qube Research & Technologies Ltd bought a new stake in shares of Uniti Group during the second quarter worth $132,000. Hsbc Holdings PLC bought a new stake in shares of Uniti Group during the third quarter worth $211,000. Independent Advisor Alliance bought a new stake in shares of Uniti Group during the third quarter worth $211,000. Finally, Oakbrook Investments LLC bought a new stake in shares of Uniti Group during the third quarter worth $217,000. 68.12% of the stock is currently owned by institutional investors.
About Uniti Group
Uniti, an internally managed real estate investment trust, is engaged in the acquisition and construction of mission critical communications infrastructure, and is a leading provider of wireless infrastructure solutions for the communications industry. As of September 30, 2018, Uniti owns 5.4 million fiber strand miles, approximately 850 wireless towers, and other communications real estate throughout the United States and Latin America.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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