Communications Sales & Leasing,Inc. (NASDAQ:UNIT) has received a consensus rating of “Buy” from the twelve ratings firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $31.17.

A number of research firms have recently weighed in on UNIT. Cowen and Company reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Communications Sales & Leasing,Inc. in a research note on Friday, July 28th. Royal Bank Of Canada began coverage on Communications Sales & Leasing,Inc. in a research note on Monday, June 19th. They issued an “outperform” rating and a $32.00 price objective for the company. Zacks Investment Research raised Communications Sales & Leasing,Inc. from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 6th. Citigroup Inc. dropped their price objective on Communications Sales & Leasing,Inc. from $30.00 to $27.00 and set a “buy” rating for the company in a research note on Monday. Finally, Deutsche Bank AG upped their price objective on Communications Sales & Leasing,Inc. from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, June 7th.

Several large investors have recently bought and sold shares of UNIT. Sei Investments Co. purchased a new stake in Communications Sales & Leasing,Inc. during the first quarter worth approximately $107,000. Delta Asset Management LLC TN purchased a new stake in Communications Sales & Leasing,Inc. during the first quarter worth approximately $127,000. Glen Harbor Capital Management LLC purchased a new stake in Communications Sales & Leasing,Inc. during the first quarter worth approximately $134,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Communications Sales & Leasing,Inc. during the first quarter worth approximately $136,000. Finally, Tyers Asset Management LLC purchased a new stake in Communications Sales & Leasing,Inc. during the first quarter worth approximately $184,000. Institutional investors own 56.96% of the company’s stock.

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Communications Sales & Leasing,Inc. (NASDAQ UNIT) traded down 4.06% on Friday, hitting $19.37. The stock had a trading volume of 5,941,963 shares. The company’s market capitalization is $3.40 billion. The firm has a 50-day moving average of $24.89 and a 200 day moving average of $25.94. Communications Sales & Leasing,Inc. has a 52 week low of $18.93 and a 52 week high of $32.73.

Communications Sales & Leasing,Inc. (NASDAQ:UNIT) last released its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by $0.06. The firm had revenue of $213.01 million during the quarter, compared to analysts’ expectations of $214.09 million. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period last year, the business posted $0.56 earnings per share. On average, analysts predict that Communications Sales & Leasing,Inc. will post ($0.13) earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 12.39%. The ex-dividend date of this dividend is Thursday, September 28th. Communications Sales & Leasing,Inc.’s dividend payout ratio (DPR) is -750.00%.

About Communications Sales & Leasing,Inc.

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.

Analyst Recommendations for Communications Sales & Leasing,Inc. (NASDAQ:UNIT)

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