Uniti Group (UNIT) Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Uniti Group in the last twelve months. There are currently 1 sell rating, 4 hold ratings, 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street 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.

7 analysts have issued twelve-month price objectives for Uniti Group's stock. Their UNIT share price forecasts range from $4.00 to $9.00. On average, they expect the company's stock price to reach $6.61 in the next year. This suggests a possible upside of 64.8% from the stock's current price.
View analysts price targets for UNIT or view top-rated stocks among Wall Street analysts.

Uniti Group's stock was trading at $5.53 on January 1st, 2023. Since then, UNIT shares have decreased by 27.5% and is now trading at $4.01.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our UNIT earnings forecast.

Uniti Group Inc. (NASDAQ:UNIT) released its quarterly earnings results on Thursday, May, 5th. The real estate investment trust reported $0.21 EPS for the quarter, missing analysts' consensus estimates of $0.41 by $0.20. The real estate investment trust earned $278 million during the quarter, compared to analysts' expectations of $278.94 million. Uniti Group's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 EPS.

Uniti Group declared a quarterly dividend on Tuesday, May 2nd. Shareholders of record on Friday, June 16th will be given a dividend of $0.15 per share on Friday, June 30th. This represents a $0.60 annualized dividend and a dividend yield of 14.96%. The ex-dividend date of this dividend is Thursday, June 15th.
Read our dividend analysis for UNIT.

ETFs with the largest weight of Uniti Group (NASDAQ:UNIT) stock in their portfolio include Roundhill IO Digital Infrastructure ETF (BYTE), Pacer Data & Infrastructure Real Estate ETF (SRVR), Invesco KBW Premium Yield Equity REIT ETF (KBWY), IQ CBRE NextGen Real Estate ETF (ROOF), ALPS REIT Dividend Dogs ETF (RDOG), Global X Data Center REITs & Digital Infrastructure ETF (VPN), Hoya Capital High Dividend Yield ETF (RIET) and Invesco Raymond James SB-1 Equity ETF (RYJ).

Uniti Group (NASDAQ:UNIT) pays an annual dividend of $0.60 per share and currently has a dividend yield of 15.46%. UNIT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for UNIT.

Uniti Group issued an update on its FY 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.15 billion-$1.17 billion, compared to the consensus revenue estimate of $1.16 billion.

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).

Uniti Group trades on the NASDAQ under the ticker symbol "UNIT."

Uniti Group's stock is owned by many different institutional and retail investors. Top institutional investors include State Street Corp (4.18%), LSV Asset Management (2.85%), Pacer Advisors Inc. (2.55%), Geode Capital Management LLC (2.21%), Charles Schwab Investment Management Inc. (2.13%) and Franklin Resources Inc. (1.71%).
View institutional ownership trends.

Shares of UNIT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of UNIT stock can currently be purchased for approximately $4.01.

Uniti Group (NASDAQ:UNIT) has a market capitalization of $956.67 million and generates $1.13 billion in revenue each year. The real estate investment trust earns $-8,270,000.00 in net income (profit) each year or ($0.40) on an earnings per share basis.

The company employs 754 workers across the globe.

Uniti Group's mailing address is 10802 EXECUTIVE CENTER DRIVE BENTON BUILDING SUITE 300, LITTLE ROCK AR, 72211. The official website for the company is www.uniti.com. The real estate investment trust can be reached via phone at (501) 850-0820 or via email at investor.relations@cslreit.com.