BidaskClub upgraded shares of Uniti Group (NASDAQ:UNIT) from a strong sell rating to a sell rating in a research report sent to investors on Thursday morning.
A number of other research analysts also recently commented on UNIT. Cowen set a $26.00 target price on Uniti Group and gave the company a buy rating in a research note on Friday, March 2nd. ValuEngine cut Uniti Group from a strong-buy rating to a buy rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $25.57.
Uniti Group (UNIT) opened at $16.64 on Thursday. The company has a debt-to-equity ratio of -0.05, a current ratio of 0.03 and a quick ratio of 0.03. Uniti Group has a 52 week low of $13.81 and a 52 week high of $27.78. The company has a market capitalization of $2,920.00 and a PE ratio of -832.00.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Friday, March 30th will be given a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 14.42%. Uniti Group’s dividend payout ratio is currently -12,000.00%.
Large investors have recently made changes to their positions in the business. Creative Planning acquired a new stake in shares of Uniti Group in the fourth quarter worth about $188,000. MML Investors Services LLC acquired a new stake in shares of Uniti Group in the fourth quarter worth about $223,000. Alps Advisors Inc. acquired a new stake in shares of Uniti Group in the fourth quarter worth about $229,000. Driehaus Capital Management LLC acquired a new stake in shares of Uniti Group in the fourth quarter worth about $249,000. Finally, Elkfork Partners LLC acquired a new stake in shares of Uniti Group in the fourth quarter worth about $265,000. 74.84% of the stock is owned by institutional investors.
Uniti Group Company Profile
Uniti Group Inc, formerly Communications Sales & Leasing, Inc, is an internally managed real estate investment trust engaged in the acquisition and construction of infrastructure in the communications industry. The Company focuses on acquiring and constructing fiber optic broadband networks, wireless communications towers, copper and coaxial broadband networks and data centers.
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