Should I buy or sell Uniti Group stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Uniti Group in the last year. There are currently 2 sell ratings, 4 hold ratings, 1 buy rating and 1 strong buy rating 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?

8 Wall Street research analysts have issued 12-month target prices for Uniti Group's shares. Their UNIT share price targets range from $3.50 to $9.00. On average, they expect the company's share price to reach $6.22 in the next twelve months. This suggests a possible upside of 13.3% 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 2023?

Uniti Group's stock was trading at $5.53 on January 1st, 2023. Since then, UNIT stock has decreased by 0.7% and is now trading at $5.49. View the best growth stocks for 2023 here .

When is Uniti Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, February 23rd 2024. View our UNIT earnings forecast .

How were Uniti Group's earnings last quarter?

Uniti Group Inc. (NASDAQ:UNIT) announced its quarterly earnings data on Thursday, May, 5th. The real estate investment trust reported $0.21 earnings per share 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. The firm's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.41 EPS.

How often does Uniti Group pay dividends? What is the dividend yield for Uniti Group?

Uniti Group declared a quarterly dividend on Wednesday, November 1st. Stockholders of record on Friday, December 15th will be paid a dividend of $0.15 per share on Thursday, January 4th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.93%. The ex-dividend date is Thursday, December 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 10.68%. 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 .

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) , Invesco KBW Premium Yield Equity REIT ETF (KBWY) , Pacer Data & Infrastructure Real Estate ETF (SRVR) , 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 Global X SuperDividend ETF (SDIV) .

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 many different retail and institutional investors. Top institutional investors include LSV Asset Management (3.09%), Charles Schwab Investment Management Inc. (2.70%), Invesco Ltd. (1.26%), Wellington Management Group LLP (1.14%), Northern Trust Corp (1.06%) and Bank of New York Mellon Corp (1.00%). 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 WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. 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

Uniti Group Stock Price, News & Analysis (NASDAQ:UNIT)

$5.49

-0.13 (-2.31%)

(As of 12/8/2023 ET)

Compare

Today's Range: $5.43
▼
$5.65
50-Day Range: $4.15
▼
$5.94
52-Week Range: $2.94
▼
$6.86

Volume: 1.45 million shs
Average Volume: 1.44 million shs
Market Capitalization: $1.31 billion

P/E Ratio: N/A
Dividend Yield: 10.93%
Price Target: $6.22

Uniti Group MarketRank™ Stock Analysis

Analyst Rating: Hold
2.13 Rating Score
Upside/Downside: 13.3% Upside
$6.22 Price Target
Short Interest: Bearish
8.58% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 2.88%
From $1.39 to $1.43 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.40 out of 5 stars

Finance Sector

796th out of 851 stocks

Real Estate Investment Trusts Industry

166th out of 178 stocks

2.1

Analyst's Opinion

Consensus Rating
Uniti Group has received a consensus rating of Hold. The company's average rating score is 2.13, and is based on 1 buy rating, 4 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $6.22, Uniti Group has a forecasted upside of 13.3% from its current price of $5.49.
Amount of Analyst Coverage
Uniti Group has only been the subject of 1 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
8.58% of the float of Uniti Group has been sold short.
Short Interest Ratio / Days to Cover
Uniti Group has a short interest ratio ("days to cover") of 10.5, which indicates bearish sentiment.
Change versus previous month
Short interest in Uniti Group has recently decreased by 4.43%, indicating that investor sentiment is improving.

2.5

Dividend Strength

Dividend Leadership
Uniti Group is a leading dividend payer. It pays a dividend yield of 10.68%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Uniti Group does not have a long track record of dividend growth.
Dividend Sustainability
Based on earnings estimates, Uniti Group will have a dividend payout ratio of 41.96% next year. This indicates that Uniti Group will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for UNIT.

0.0

News and Social Media Coverage

Search Interest
Only 6 people have searched for UNIT on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
Only 4 people have added Uniti Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -20% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Uniti Group insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.20% of the stock of Uniti Group is held by insiders.
Percentage Held by Institutions
89.08% of the stock of Uniti Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Uniti Group are expected to grow by 2.88% in the coming year, from $1.39 to $1.43 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Uniti Group is -30.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Uniti Group is -30.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

See Top Rated MarketRank™ Stocks 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 September 30, 2023, Uniti owns approximately 139,000 fiber route miles, 8.4 million fiber strand miles, and other communications real estate throughout the United States.

UNIT Stock Price History

30 days | 90 days | 365 days | Advanced Chart

UNIT Stock News Headlines

November 30, 2023 | americanbankingnews.com

Uniti Group Inc. (NASDAQ:UNIT) Given Average Rating of "Hold" by Brokerages

November 27, 2023 | msn.com

Uniti Group (UNIT) Price Target Increased by 6.17% to 6.07

December 9, 2023 | Autonomix (Ad)

How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology

Autonomix is preparing a public listing as they develop technology to potentially detect and treat a range of nervous system disorders with much greater visibility than available today. Now, their management team sees a potentially untapped $100B market opportunity.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com

November 14, 2023 | benzinga.com

Uniti Group Inc. to Present at the BofA Securities 2023 Leveraged Finance Conference

November 8, 2023 | msn.com

Uniti stock slides as BofA downgrades to Underperform on 'challenging dynamics'

November 8, 2023 | msn.com

B of A Securities Downgrades Uniti Group (UNIT)

November 3, 2023 | finance.yahoo.com

Uniti Group Inc. (NASDAQ:UNIT) Q3 2023 Earnings Call Transcript

November 2, 2023 | finance.yahoo.com

Uniti Group Inc. Reports Q3 2023 Results: 2.7% Growth in Consolidated Revenue

December 9, 2023 | Autonomix (Ad)

How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology

November 2, 2023 | seekingalpha.com

Uniti Group Inc. 2023 Q3 - Results - Earnings Call Presentation

October 10, 2023 | seekingalpha.com

Uniti Group: A Potential Value Trap

October 9, 2023 | seekingalpha.com

Uniti Group: 13.4% Yield And The 17% Yield That Works Better

September 22, 2023 | finance.yahoo.com

Is Uniti Group (UNIT) Too Good to Be True? A Comprehensive Analysis of a Potential Value Trap

September 15, 2023 | finance.yahoo.com

Uniti Group Inc (UNIT): A Deep Dive into Its Performance Potential

August 21, 2023 | nasdaq.com

RBC Capital Reiterates Uniti Group (UNIT) Sector Perform Recommendation

August 10, 2023 | seekingalpha.com

Uniti Group Inc. 2023 Q2 - Results - Earnings Call Presentation

August 4, 2023 | finance.yahoo.com

Uniti Group Inc. (NASDAQ:UNIT) Q2 2023 Earnings Call Transcript

July 26, 2023 | seekingalpha.com

4 Reasons To Buy Uniti Stock

June 1, 2023 | msn.com

Morgan Stanley Maintains Uniti Group (UNIT) Underweight Recommendation

May 12, 2023 | msn.com

RBC Capital Maintains Uniti Group (UNIT) Sector Perform Recommendation

May 5, 2023 | msn.com

Goldman Sachs Maintains Uniti Group (UNIT) Neutral Recommendation

May 5, 2023 | msn.com

Barclays Maintains Uniti Group (UNIT) Equal-Weight Recommendation

May 4, 2023 | msn.com

Uniti rises after posting Q1 beat, guidance in-line with consensus

April 13, 2023 | benzinga.com

Uniti Group Inc. Releases 2022 Environmental, Social and Governance Report

March 28, 2023 | seekingalpha.com

Uniti (UNIT) Presents At J.P. Morgan 2023 Global High Yield & Leveraged Finance Conference

March 11, 2023 | finance.yahoo.com

Kenneth Gunderman Is The President of Uniti Group Inc. (NASDAQ:UNIT) And They Just Picked Up 20% More Shares

March 11, 2023 | finance.yahoo.com

As Uniti Group Inc.'s market cap (NASDAQ:UNIT) drops to US$1.0b, insiders might be questioning their decision to buy earlier this year

See 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.

Company Calendar

Last Earnings: 5/05/2022
Ex-Dividend for 9/22 Dividend: 9/07/2023
Dividend Payable: 9/22/2023
Today: 12/09/2023
Ex-Dividend for 1/4 Dividend: 12/14/2023
Fiscal Year End: 12/31/2023
Dividend Payable: 1/04/2024
Next Earnings (Estimated): 2/23/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Real estate investment trusts
Sub-Industry: N/A
Sector: Finance
Current Symbol: NASDAQ:UNIT
Previous Symbol: NASDAQ:CSALV
CUSIP: N/A
CIK: 1620280
Web: www.uniti.com
Phone: (501) 850-0820
Fax: N/A
Employees: 784
Year Founded: 2014

Price Target and Rating

Average Stock Price Target: $6.22
High Stock Price Target: $9.00
Low Stock Price Target: $3.50
Potential Upside/Downside: +13.3%
Consensus Rating: Hold
Rating Score (0-4): 2.13
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.18)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 3.95
P/E Growth: N/A
Net Income: $-8,270,000.00
Net Margins: -2.95%
Pretax Margin: -8.12%
Return on Equity: N/A
Return on Assets: -0.68%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.03
Quick Ratio: 0.03

Sales & Book Value

Annual Sales: $1.13 billion
Price / Sales: 1.16
Cash Flow: $2.24 per share
Price / Cash Flow: 2.45
Book Value: ($9.58) per share
Price / Book: -0.57

Miscellaneous

Outstanding Shares: 238,670,000
Free Float: 235,808,000
Market Cap: $1.31 billion
Optionable: Optionable
Beta: 1.43

Social Links

Beginners Guide To Retirement Stocks

Click the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.

Get This Free Report

Key Executives

Mr. Kenneth A. Gunderman (Age 52)
President, CEO & Director
Comp: $2.04M
Mr. Paul Bullington (Age 51)
Senior VP, CFO & Treasurer
Comp: $981.28k
Mr. Michael Friloux (Age 57)
Executive VP & CTO
Comp: $729.31k
Mr. Daniel L. Heard (Age 48)
Executive VP, General Counsel & Secretary
Comp: $893.52k
Mr. Travis T. Black (Age 41)
VP & Chief Accounting Officer
Mr. Ric Chura
Senior VP & Chief Information Officer
Ms. Jennifer Ragsdale
Senior VP & Chief Administrative Officer
Mr. Bill DiTullio
Vice President of Finance & Investor Relations
Mr. Ronald J. Mudry (Age 61)
Senior VP & Chief Revenue Officer
Comp: $626.22k
Mr. Joseph E. McCourt Jr. (Age 61)
President of Enterprise Sales - Uniti Fiber

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

UNIT Stock Analysis - Frequently Asked Questions

Should I buy or sell Uniti Group stock right now?: 8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Uniti Group in the last year. There are currently 2 sell ratings, 4 hold ratings, 1 buy rating and 1 strong buy rating 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?: 8 Wall Street research analysts have issued 12-month target prices for Uniti Group's shares. Their UNIT share price targets range from $3.50 to $9.00. On average, they expect the company's share price to reach $6.22 in the next twelve months. This suggests a possible upside of 13.3% 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 2023?: Uniti Group's stock was trading at $5.53 on January 1st, 2023. Since then, UNIT stock has decreased by 0.7% and is now trading at $5.49.
View the best growth stocks for 2023 here.
When is Uniti Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, February 23rd 2024.
View our UNIT earnings forecast.
How were Uniti Group's earnings last quarter?: Uniti Group Inc. (NASDAQ:UNIT) announced its quarterly earnings data on Thursday, May, 5th. The real estate investment trust reported $0.21 earnings per share 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. The firm's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.41 EPS.
How often does Uniti Group pay dividends? What is the dividend yield for Uniti Group?: Uniti Group declared a quarterly dividend on Wednesday, November 1st. Stockholders of record on Friday, December 15th will be paid a dividend of $0.15 per share on Thursday, January 4th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.93%. The ex-dividend date is Thursday, December 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 10.68%. 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.
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), Invesco KBW Premium Yield Equity REIT ETF (KBWY), Pacer Data & Infrastructure Real Estate ETF (SRVR), 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 Global X SuperDividend ETF (SDIV).
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 many different retail and institutional investors. Top institutional investors include LSV Asset Management (3.09%), Charles Schwab Investment Management Inc. (2.70%), Invesco Ltd. (1.26%), Wellington Management Group LLP (1.14%), Northern Trust Corp (1.06%) and Bank of New York Mellon Corp (1.00%).
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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 12/9/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial