NASDAQ:UNIT Uniti Group (UNIT) Stock Price, News & Analysis → Bigger Than NVIDIA? (From Behind the Markets) (Ad) Free UNIT Stock Alerts $2.67 -0.08 (-2.91%) (As of 06/17/2024 ET) Add Compare Share Share Today's Range$2.65▼$2.7550-Day Range$2.67▼$6.0352-Week Range$2.65▼$6.71Volume3.64 million shsAverage Volume2.41 million shsMarket Capitalization$641.49 millionP/E Ratio44.51Dividend Yield22.47%Price Target$6.25 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Uniti Group alerts: Email Address Uniti Group MarketRank™ Stock AnalysisAnalyst RatingHold2.25 Rating ScoreUpside/Downside134.1% Upside$6.25 Price TargetShort InterestBearish7.35% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.70Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth2.94%From $1.36 to $1.40 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.2.75 out of 5 starsFinance Sector601st out of 867 stocksReal Estate Investment Trusts Industry114th out of 175 stocks 3.1 Analyst's Opinion Consensus RatingUniti Group has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 2 buy ratings, 1 hold rating, and 1 sell rating.Amount of Analyst CoverageUniti Group has only been the subject of 2 research reports in the past 90 days.Read more about Uniti Group's stock forecast and price target. Previous Next 1.0 Short Interest Percentage of Shares Shorted7.35% of the float of Uniti Group has been sold short.Short Interest Ratio / Days to CoverUniti Group has a short interest ratio ("days to cover") of 6.2.Change versus previous monthShort interest in Uniti Group has recently increased by 6.31%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend LeadershipUniti Group is a leading dividend payer. It pays a dividend yield of 21.82%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthUniti Group does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Uniti Group is 1,000.17%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Uniti Group will have a dividend payout ratio of 42.86% next year. This indicates that Uniti Group will be able to sustain or increase its dividend.Read more about Uniti Group's dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for UNIT. Previous Next 2.6 News and Social Media Coverage News SentimentUniti Group has a news sentiment score of 0.70. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.87 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Uniti Group this week, compared to 2 articles on an average week.Search InterestOnly 33 people have searched for UNIT on MarketBeat in the last 30 days. This is a decrease of -3% compared to the previous 30 days.MarketBeat Follows21 people have added Uniti Group to their MarketBeat watchlist in the last 30 days. This is an increase of 31% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Uniti Group insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.39% of the stock of Uniti Group is held by insiders.Percentage Held by Institutions87.51% of the stock of Uniti Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Uniti Group's insider trading history. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Uniti Group are expected to grow by 2.94% in the coming year, from $1.36 to $1.40 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Uniti Group is 44.51, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 137.96.Price to Earnings Ratio vs. SectorThe P/E ratio of Uniti Group is 44.51, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 57.64.Read more about Uniti Group's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Behind the MarketsBigger Than NVIDIA?With NVIDIA flying high, everyone is looking for the next breakout stock. But right now... There's only ONE stock you should be watching.Get the full story here >>> About Uniti Group Stock (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 fiber and other wireless solutions for the communications industry. As of December 31, 2023, Uniti owns approximately 140,000 fiber route miles, 8.5 million fiber strand miles, and other communications real estate throughout the United States.Read More UNIT Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart UNIT Stock News HeadlinesJune 16 at 1:40 AM | americanbankingnews.comUniti Group (NASDAQ:UNIT) Reaches New 1-Year Low at $2.91June 12, 2024 | americanbankingnews.comUniti Group Inc. (UNIT) To Go Ex-Dividend on June 14thMay 29, 2024 | globenewswire.comUniti Group Inc. to Present at the Nareit 2024 REITweek Investor ConferenceMay 21, 2024 | 247wallst.com6 Fresh Stocks Trading Under $10 That Pay Huge Ultra-Yield DividendsMay 15, 2024 | globenewswire.comUniti Group Inc. to Participate at the J.P. Morgan 52nd Annual Global Technology, Media and Communications ConferenceMay 15, 2024 | globenewswire.comUniti Group Inc. to Participate at the Barclays 2024 Leveraged Finance ConferenceMay 7, 2024 | globenewswire.comUniti Group Inc. to Participate at the Goldman Sachs 9th Annual Leveraged Finance and Credit ConferenceMay 6, 2024 | globenewswire.comUniti Group Inc. Announces Pricing of Senior Secured Notes OfferingMay 6, 2024 | investorplace.com7 REITs to Sell in May Before They Crash and BurnMay 6, 2024 | globenewswire.comUniti Group Inc. Announces Private Offering of Senior Secured NotesMay 4, 2024 | finance.yahoo.comUniti Group Inc. (NASDAQ:UNIT) Q1 2024 Earnings Call TranscriptMay 4, 2024 | seekingalpha.comUniti Group: One Day Of Carnage Results In A Fantastic OpportunityMay 3, 2024 | businesswire.comUNITI GROUP INVESTOR ALERT By the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of Uniti Group Inc. - UNITMay 3, 2024 | businesswire.comUNITI GROUP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of Uniti Group Inc. - UNITMay 3, 2024 | seekingalpha.comUniti Group Inc. 2024 Q1 - Results - Earnings Call PresentationMay 3, 2024 | investorplace.comUNIT Stock Earnings: Uniti Group Misses Revenue for Q1 2024May 3, 2024 | businesswire.comUNIT Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Uniti Group Inc. Is Fair to ShareholdersMay 3, 2024 | msn.comUniti, Windstream agree to merger deal to expand fiber networkMay 3, 2024 | finance.yahoo.comUniti Group Inc. (UNIT) Q1 2024 Earnings: Surpasses Net Income Expectations and Announces ...May 3, 2024 | globenewswire.comUniti Group Inc. Reports First Quarter 2024 ResultsMay 3, 2024 | globenewswire.comUniti to Merge with Windstream Creating Premier Insurgent Fiber ProviderMay 2, 2024 | globenewswire.comUniti Group Inc. Declares $0.15 Per Share Quarterly DividendApril 23, 2024 | msn.comUniti Group jumps on report nearing deal with WindstreamApril 23, 2024 | globenewswire.comUniti Group Inc. To Report First Quarter 2024 Financial Results and Host Conference CallApril 11, 2024 | globenewswire.comUniti Group Inc. Releases 2023 Environmental, Social and Governance ReportSee More Headlines Receive UNIT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Uniti Group and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings5/05/2022Ex-Dividend for 4/12 Dividend3/27/2024Dividend Payable4/12/2024Ex-Dividend for 6/28 Dividend6/14/2024Today6/17/2024Dividend Payable6/28/2024Next Earnings (Estimated)8/01/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry Real estate investment trusts Sub-IndustryN/A Current SymbolNASDAQ:UNIT Previous SymbolNASDAQ:CSALV CUSIPN/A CIK1620280 Webwww.uniti.com Phone(501) 850-0820FaxN/AEmployees813Year Founded2014Price Target and Rating Average Stock Price Target$6.25 High Stock Price Target$10.00 Low Stock Price Target$3.50 Potential Upside/Downside+134.1%Consensus RatingHold Rating Score (0-4)2.25 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$0.06 Trailing P/E Ratio44.51 Forward P/E Ratio1.96 P/E GrowthN/ANet Income$-81,710,000.00 Net Margins1.43% Pretax Margin-8.25% Return on Equity-0.68% Return on Assets0.33% Debt Debt-to-Equity RatioN/A Current Ratio0.03 Quick Ratio0.03 Sales & Book Value Annual Sales$1.15 billion Price / Sales0.56 Cash Flow$1.84 per share Price / Cash Flow1.45 Book Value($10.41) per share Price / Book-0.26Miscellaneous Outstanding Shares240,260,000Free Float236,917,000Market Cap$641.49 million OptionableOptionable Beta1.28 Social Links 10 "Recession Proof" Stocks That Will Thrive in Any MarketWhich stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.Get This Free Report Key ExecutivesMr. Kenneth A. Gunderman (Age 53)President, CEO & Director Comp: $1.75MMr. Paul Bullington (Age 51)Senior VP, CFO & Treasurer Comp: $888.52kMr. Michael Friloux (Age 58)Executive VP & CTO Comp: $660.73kMr. Daniel L. Heard (Age 49)Executive VP, General Counsel & Secretary Comp: $809.47kMr. Ronald J. Mudry (Age 62)Senior VP & Chief Revenue Officer Comp: $477.09kMr. Travis T. Black (Age 41)VP & Chief Accounting Officer Mr. Ric ChuraSenior VP & Chief Information OfficerMs. Jennifer RagsdaleSenior VP & Chief Administrative OfficerMr. Bill DiTullioVice President of Finance & Investor RelationsMr. Joseph E. McCourt Jr. (Age 62)President of Enterprise Sales - Uniti Fiber More ExecutivesKey CompetitorsLXP Industrial TrustNYSE:LXPArbor Realty TrustNYSE:ABROUTFRONT MediaNYSE:OUTFour Corners Property TrustNYSE:FCPTDouglas EmmettNYSE:DEIView All CompetitorsInstitutional OwnershipDekaBank Deutsche GirozentraleSold 676,971 shares on 6/4/2024Ownership: 0.004%Burney Co.Sold 10,652 shares on 5/22/2024Ownership: 0.009%EMC Capital ManagementBought 14,537 shares on 5/20/2024Ownership: 0.016%Hancock Whitney CorpBought 3,254 shares on 5/17/2024Ownership: 0.032%Walleye Trading LLCBought 11,500 shares on 5/17/2024Ownership: 0.000%View All Institutional Transactions UNIT Stock Analysis - Frequently Asked Questions Should I buy or sell Uniti Group stock right now? 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Uniti Group in the last year. There are currently 1 sell rating, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" UNIT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in UNIT, but not buy additional shares or sell existing shares. View UNIT analyst ratings or view top-rated stocks. What is Uniti Group's stock price target for 2024? 4 Wall Street analysts have issued 12-month price targets for Uniti Group's stock. Their UNIT share price targets range from $3.50 to $10.00. On average, they expect the company's share price to reach $6.25 in the next twelve months. This suggests a possible upside of 134.1% from the stock's current price. View analysts price targets for UNIT or view top-rated stocks among Wall Street analysts. How have UNIT shares performed in 2024? Uniti Group's stock was trading at $5.78 on January 1st, 2024. Since then, UNIT stock has decreased by 53.8% and is now trading at $2.67. View the best growth stocks for 2024 here. When is Uniti Group's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, August 1st 2024. View our UNIT earnings forecast. How were Uniti Group's earnings last quarter? Uniti Group Inc. (NASDAQ:UNIT) posted its quarterly earnings results on Thursday, May, 5th. The real estate investment trust reported $0.21 EPS for the quarter, missing the consensus estimate of $0.41 by $0.20. The real estate investment trust had revenue of $278 million for the quarter, compared to analyst estimates of $278.94 million. Uniti Group had a net margin of 1.43% and a negative trailing twelve-month return on equity of 0.68%. The firm's quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.41 earnings per share. How often does Uniti Group pay dividends? What is the dividend yield for Uniti Group? Uniti Group declared a quarterly dividend on Thursday, May 2nd. Stockholders of record on Friday, June 14th will be paid a dividend of $0.15 per share on Friday, June 28th. This represents a $0.60 dividend on an annualized basis and a yield of 22.47%. The ex-dividend date of this dividend is Friday, June 14th. Read our dividend analysis for UNIT. Is Uniti Group a good dividend stock? Uniti Group (NASDAQ:UNIT) pays an annual dividend of $0.60 per share and currently has a dividend yield of 21.82%. UNIT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 1,000.17%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, UNIT will have a dividend payout ratio of 42.86% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for UNIT. What ETFs hold Uniti Group's stock? ETFs with the largest weight of Uniti Group (NASDAQ:UNIT) stock in their portfolio include Roundhill IO Digital Infrastructure ETF (BYTE), iShares U.S. Digital Infrastructure and Real Estate ETF (IDGT), Invesco KBW Premium Yield Equity REIT ETF (KBWY), Global X Data Center & Digital Infrastructure ETF (VPN), IQ CBRE NextGen Real Estate ETF (ROOF), Pacer Data & Infrastructure Real Estate ETF (SRVR) and ALPS REIT Dividend Dogs ETF (RDOG).First Trust Alerian Disruptive Technology Real Estate ETF (DTRE). What guidance has Uniti Group issued on next quarter's earnings? Uniti Group issued an update on its FY 2024 earnings guidance on Friday, May, 3rd. The company provided earnings per share (EPS) guidance of 1.270-1.340 for the period, compared to the consensus estimate of 1.290. The company issued revenue guidance of $1.2 billion-$1.2 billion, compared to the consensus revenue estimate of $1.2 billion. What other stocks do shareholders of Uniti Group own? Based on aggregate information from My MarketBeat watchlists, some companies that other Uniti Group investors own include Energy Transfer (ET), AT&T (T), New Residential Investment (NRZ), Ford Motor (F), Lumen Technologies (LUMN), Annaly Capital Management (NLY), Windstream (WIN), Enterprise Products Partners (EPD), Macquarie Infrastructure (MIC) and Omega Healthcare Investors (OHI). Who are Uniti Group's major shareholders? Uniti Group's stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (16.00%), LSV Asset Management (3.03%), Nordea Investment Management AB (0.69%), Mizuho Markets Americas LLC (0.57%), Principal Financial Group Inc. (0.56%) and Jupiter Asset Management Ltd. (0.28%). View institutional ownership trends. How do I buy shares of Uniti Group? Shares of UNIT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. Does Uniti Group have any subsidiaries? The following companies are subsidiares of Uniti Group: Amphenol Alden Products Mexico S.A. de C.V..Read More This page (NASDAQ:UNIT) was last updated on 6/18/2024 by MarketBeat.com Staff From Our PartnersBigger Than NVIDIA?With NVIDIA flying high, everyone is looking for the next breakout stock. But right now... There's only ...Behind the Markets | SponsoredBeta testers blew this thing upThis AI trading tool is probably unlike anything you've ever seen before… It scans the entire market and fi...Prosper Trading Academy | SponsoredWrite this ticker symbol down…A megatrend now poised to mint a brand-new wave of millionaires right here in America. And today, self-made...StocksToTrade | SponsoredThe ONE AI Stock to own now. 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