Uniti Group Inc (NASDAQ:UNIT) fell 5.4% during trading on Tuesday . The stock traded as low as $11.45 and last traded at $11.48. 3,371,496 shares traded hands during mid-day trading, a decline of 34% from the average session volume of 5,135,168 shares. The stock had previously closed at $12.14.

Several brokerages have commented on UNIT. ValuEngine lowered shares of Uniti Group from a “sell” rating to a “strong sell” rating in a research note on Monday, April 1st. Zacks Investment Research upgraded shares of Uniti Group from a “strong sell” rating to a “hold” rating in a research note on Saturday, January 5th. BidaskClub upgraded shares of Uniti Group from a “hold” rating to a “buy” rating in a research note on Monday, April 1st. Deutsche Bank dropped their price target on shares of Uniti Group from $20.00 to $8.00 and set a “hold” rating on the stock in a research note on Friday, March 22nd. Finally, Citigroup lowered their price objective on shares of Uniti Group from $11.00 to $8.00 and set a “sell” rating on the stock in a research note on Tuesday, March 19th. Six research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. Uniti Group currently has an average rating of “Hold” and a consensus price target of $15.00.

The company has a market cap of $2.10 billion, a P/E ratio of 4.66, a P/E/G ratio of 1.76 and a beta of 1.07.

Uniti Group (NASDAQ:UNIT) last posted its quarterly earnings data on Wednesday, March 20th. The real estate investment trust reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.58). Uniti Group had a net margin of 0.91% and a negative return on equity of 0.67%. The company had revenue of $270.75 million for the quarter, compared to analyst estimates of $267.00 million. During the same quarter in the prior year, the business earned $0.64 EPS. Uniti Group’s revenue was up 9.9% compared to the same quarter last year. On average, research analysts expect that Uniti Group Inc will post 2.18 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Monday, April 1st will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Friday, March 29th. Uniti Group’s payout ratio is 7.97%.

Large investors have recently modified their holdings of the stock. Private Capital Group LLC boosted its holdings in Uniti Group by 52.7% during the fourth quarter. Private Capital Group LLC now owns 2,150 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 742 shares in the last quarter. Athena Capital Advisors LLC bought a new stake in Uniti Group during the fourth quarter worth approximately $82,000. IFP Advisors Inc boosted its holdings in Uniti Group by 18.7% during the fourth quarter. IFP Advisors Inc now owns 6,484 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 1,020 shares in the last quarter. Sun Life Financial INC bought a new stake in Uniti Group during the fourth quarter worth approximately $145,000. Finally, Hsbc Holdings PLC bought a new stake in Uniti Group during the third quarter worth approximately $211,000. Hedge funds and other institutional investors own 72.24% of the company’s stock.

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Uniti Group Company Profile (NASDAQ:UNIT)

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 December 31, 2018, Uniti owns 5.5 million fiber strand miles, approximately 928 wireless towers, and other communications real estate throughout the United States and Latin America.

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