Stocks Flexing Their Muscles: Uniti Group Inc. (UNIT), Duke Realty Corporation (DRE) – The RNS Daily

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Over the past 52 weeks, the shares of Uniti Group Inc. (NASDAQ:UNIT) has been trading as low as $13.94 before witnessing a massive surge by 41.46% or $5.78. This price movement has led to the UNIT stock receiving more attention and has become one to watch out for. It dipped by -1.35% on Wednesday and this got the market worried. The stock’s beta now stands at 1.25 and when compared to its 200-day moving average and its 50-day moving average, UNIT price stands 1.19% above and 8.01% above respectively. Its average daily volatility for this week is 2% which is less than the 2.58% recorded over the past month. The shares of Uniti Group Inc. dropped by -15.8% or -$3.7 from its last recorded high of $23.42 which it attained on December 06 to close at $19.72 per share.

Uniti Group Inc. (UNIT) rose 0.41% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a rally that has seen it rise 32.88% and is now up by 26.65% since start of this year. A look at its monthly performance shows that the stock has recorded a 9.98% gain over the past 30 days. Its equity price dipped by -1.45% over the past three months which led to its overall six-month increase to stand at 8.11%.

Experts from research firms are bullish about the near-term performance of Uniti Group Inc. with most of them predicting a $19.45 price target on a short-term (12 months) basis. The average price target by the analysts will see a -1.37% rise in the stock and would lead to UNIT’s market cap to surge to $3.42B. The stock has been rated an average 2.8, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 11 analysts that track Uniti Group Inc. (NASDAQ:UNIT) and find out that 5 of them rated it as a Hold. 5 of the 6 analysts rated it as a Buy or a Strong Buy while 1 advised investors to desist from buying the stock or sell it if they already possess it.

A look at UNIT technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 59.51 point. Its trading volume has lost -705705 shares compared to readings over the past three months as it recently exchanged 1094295 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 1800000 shares, and this is 0.61 times the normal volume.

The price of Duke Realty Corporation (NYSE:DRE) currently stands at $29.65 after it went down by $-0.26 or -0.87% and has found a strong support at $29.54 a share. If the DRE price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $29.42 mark would also be bad for the stock as it means that the stock would plunge by 0.78% from its current position. However, if the stock price is able to trade above the resistance point around $29.85, then it could likely surge higher to try and break the upward resistance which stands at $30.04 a share. Its average daily volatility over the past one month stands at 1.86%. The stock has plunged by 0.1% from its 52-weeks high of $29.62 which it reached on Jan. 31, 2019. In general, it is 18.04% above its 52-weeks lowest point which stands at $24.3 and this setback was observed on Feb. 03, 2018.

Analysts have predicted a price target for Duke Realty Corporation (DRE) for 1 year and it stands at an average $31.19/share. This means that it would likely increase by 5.19% from its current position. The current price of the stock has been moving between $29.62 and $29.93. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $27. On the other hand, one analyst is super bullish about the price, setting a target as high as $35.

The DRE stock Stochastic Oscillator (%D) is at 82.69%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 11.89 which compares to the 11.46 recorded by the industry or the 10.24 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 68.16, which is higher than the 28.1 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 28.6% over the past five years.

Analysts view Duke Realty Corporation (NYSE:DRE) as a Buy, with 1.9 consensus rating. Reuters surveyed 16 analysts that follow DRE and found that 10 of those analysts rated the stock as a Hold. The remaining 6 were divided, with 6 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Duke Realty Corporation (DRE) shares or sell it if they already own it.

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