NASDAQ:UNIT Uniti Group (UNIT) Stock Forecast, Price & News $4.01 +0.17 (+4.43%) (As of 06/6/2023 ET) Add Compare Share Share Today's Range$3.84▼$4.1350-Day Range$2.96▼$4.0152-Week Range$2.94▼$11.41Volume4.03 million shsAverage Volume2.42 million shsMarket Capitalization$956.67 millionP/E RatioN/ADividend Yield14.96%Price Target$6.61 ProfileProfileAnalyst RatingsChartCompetitorsDividendFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Uniti Group MarketRank™ ForecastAnalyst RatingHold2.29 Rating ScoreUpside/Downside64.8% Upside$6.61 Price TargetShort InterestBearish8.77% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.85Based on 2 Articles This WeekInsider TradingAcquiring Shares$983,250 Bought Last QuarterProj. Earnings Growth15.67%From $1.34 to $1.55 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.52 out of 5 starsFinance Sector358th out of 859 stocksReal Estate Investment Trusts Industry60th out of 188 stocks 3.1 Analyst's Opinion Consensus RatingUniti Group has received a consensus rating of Hold. The company's average rating score is 2.29, and is based on 1 buy rating, 4 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $6.61, Uniti Group has a forecasted upside of 64.8% from its current price of $4.01.Amount of Analyst CoverageUniti Group has received no research coverage in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted8.77% 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 5.6.Change versus previous monthShort interest in Uniti Group has recently increased by 4.86%, indicating that investor sentiment is decreasing. Previous Next 2.5 Dividend Strength Dividend LeadershipUniti Group is a leading dividend payer. It pays a dividend yield of 15.46%, 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 SustainabilityBased on earnings estimates, Uniti Group will have a dividend payout ratio of 38.71% next year. This indicates that Uniti Group will be able to sustain or increase its 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 2.7 News and Social Media Coverage News SentimentUniti Group has a news sentiment score of 0.85. 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 higher news sentiment than the 0.62 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Uniti Group this week, compared to 1 article on an average week.Search InterestOnly 17 people have searched for UNIT on MarketBeat in the last 30 days. This is a decrease of -39% compared to the previous 30 days.MarketBeat FollowsOnly 3 people have added Uniti Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -81% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Uniti Group insiders have bought more of their company's stock than they have sold. Specifically, they have bought $983,250.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 0.72% of the stock of Uniti Group is held by insiders.Percentage Held by Institutions83.82% of the stock of Uniti Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Uniti Group are expected to grow by 15.67% in the coming year, from $1.34 to $1.55 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Uniti Group is -10.02, 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. SectorThe P/E ratio of Uniti Group is -10.02, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Previous Next See Top Rated MarketRank™ Stocks Here About Uniti Group (NASDAQ:UNIT) StockUniti Group, Inc. is a real estate investment trust company, which is engaged in the acquisition and construction of mission infrastructure in the communications industry. It operates through the following business segments: Leasing, Fiber Infrastructure, Towers, Consumer CLEC, and Corporate. The Leasing segment represents the real estate investment trust operations of the company and includes the results from leasing business, Uniti leasing, which engages in the acquisition of mission-critical communications assets and leasing them to anchor customers on either and exclusive or shared-tenant basis. The Fiber Infrastructure segment refers to the operations of the fiber business of the company, Uniti Fiber, which provides infrastructure solutions, including cell site backhaul and dark fiber, to the telecommunications industry. The Towers segment encompasses Uniti Towers, which acquires and construct tower-related real estate in the United States and Latin America. The Consumer CLEC segment is the operations of Talk America, which provides local telephone, high-speed internet and long distance services to customers in the eastern and central United States. The Corporate segment consiRead More 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 UNIT Stock News HeadlinesJune 1, 2023 | msn.comMorgan Stanley Maintains Uniti Group (UNIT) Underweight RecommendationMay 19, 2023 | americanbankingnews.comUniti Group (NASDAQ:UNIT) Shares Up 6.5%June 7, 2023 | Edge On The Street (Ad)The $193 Billion US-China War You Don't Know AboutThey're fighting for control of lithium – a key ingredient in EVs and clean energy technology. It's arguably the most important commodity of the 21st century. China owns 80% of global supply. But the US plans to grab a massive slice of the lithium market, which is forecasted to quadruple to $193 billion by 2028, according to Fortune Business Insights.May 19, 2023 | americanbankingnews.comUniti Group Inc. (NASDAQ:UNIT) Receives Consensus Rating of "Hold" from AnalystsMay 17, 2023 | americanbankingnews.comAnalysts Set Uniti Group Inc. (NASDAQ:UNIT) Price Target at $6.61May 15, 2023 | americanbankingnews.comRoyal Bank of Canada Trims Uniti Group (NASDAQ:UNIT) Target Price to $5.00May 12, 2023 | msn.comRBC Capital Maintains Uniti Group (UNIT) Sector Perform RecommendationMay 5, 2023 | msn.comGoldman Sachs Maintains Uniti Group (UNIT) Neutral RecommendationJune 7, 2023 | Edge On The Street (Ad)The $193 Billion US-China War You Don't Know AboutThey're fighting for control of lithium – a key ingredient in EVs and clean energy technology. It's arguably the most important commodity of the 21st century. China owns 80% of global supply. But the US plans to grab a massive slice of the lithium market, which is forecasted to quadruple to $193 billion by 2028, according to Fortune Business Insights.May 5, 2023 | msn.comBarclays Maintains Uniti Group (UNIT) Equal-Weight RecommendationMay 5, 2023 | americanbankingnews.comBarclays Lowers Uniti Group (NASDAQ:UNIT) Price Target to $4.00May 4, 2023 | msn.comUniti rises after posting Q1 beat, guidance in-line with consensusMay 2, 2023 | americanbankingnews.comUniti Group (UNIT) Set to Announce Earnings on ThursdayApril 24, 2023 | americanbankingnews.comUniti Group Inc. (NASDAQ:UNIT) Receives $7.46 Consensus PT from AnalystsApril 13, 2023 | benzinga.comUniti Group Inc. Releases 2022 Environmental, Social and Governance ReportApril 1, 2023 | americanbankingnews.comUniti Group Inc. (NASDAQ:UNIT) Receives $7.46 Consensus Target Price from AnalystsMarch 30, 2023 | americanbankingnews.comAnalysts Set Uniti Group Inc. (NASDAQ:UNIT) PT at $7.46March 28, 2023 | seekingalpha.comUniti (UNIT) Presents At J.P. Morgan 2023 Global High Yield & Leveraged Finance ConferenceMarch 25, 2023 | americanbankingnews.comUniti Group (NASDAQ:UNIT) Sets New 1-Year Low at $3.35March 24, 2023 | americanbankingnews.comUniti Group (NASDAQ:UNIT) Trading Down 4.9%March 11, 2023 | finance.yahoo.comKenneth Gunderman Is The President of Uniti Group Inc. (NASDAQ:UNIT) And They Just Picked Up 20% More SharesMarch 11, 2023 | finance.yahoo.comAs Uniti Group Inc.'s market cap (NASDAQ:UNIT) drops to US$1.0b, insiders might be questioning their decision to buy earlier this yearMarch 9, 2023 | msn.comA Look Into Uniti Group's DebtFebruary 3, 2023 | msn.comUniti prices upsized senior secured notes offering of $2.6BJanuary 19, 2023 | benzinga.comUniti Group Inc. To Report Fourth Quarter and Full Year 2022 Financial Results and Host Conference CallDecember 26, 2022 | finance.yahoo.comStrong week for Uniti Group (NASDAQ:UNIT) shareholders doesn't alleviate pain of five-year lossNovember 9, 2022 | finance.yahoo.comUniti Group Third Quarter 2022 Earnings: EPS Misses ExpectationsSee More Headlines UNIT Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart UNIT Company Calendar Last Earnings5/05/2022Ex-Dividend for 4/14 Dividend3/30/2023Dividend Payable4/14/2023Today6/07/2023Ex-Dividend for 6/30 Dividend6/15/2023Dividend Payable6/30/2023Next Earnings (Estimated)8/03/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Real estate investment trusts Sub-IndustryN/A SectorFinance Current SymbolNASDAQ:UNIT Previous SymbolNASDAQ:CSALV CUSIPN/A CIK1620280 Webwww.uniti.com Phone(501) 850-0820FaxN/AEmployees754Year Founded2014Price Target and Rating Average Stock Price Forecast$6.61 High Stock Price Forecast$9.00 Low Stock Price Forecast$4.00 Forecasted Upside/Downside+64.8%Consensus RatingHold Rating Score (0-4)2.29 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)($0.40) Trailing P/E RatioN/A Forward P/E Ratio2.99 P/E GrowthN/ANet Income$-8,270,000.00 Net Margins-7.06% Pretax Margin-8.80% Return on EquityN/A Return on Assets-1.64% Debt Debt-to-Equity RatioN/A Current Ratio0.04 Quick Ratio0.04 Sales & Book Value Annual Sales$1.13 billion Price / Sales0.85 Cash Flow$2.37 per share Price / Cash Flow1.69 Book Value($9.58) per share Price / Book-0.42Miscellaneous Outstanding Shares238,570,000Free Float236,855,000Market Cap$956.67 million OptionableOptionable Beta1.27 Social Links Key ExecutivesKenny GundermanPresident, Chief Executive Officer & DirectorPaul BullingtonChief Financial Officer, Treasurer & Senior VPMichael FrilouxChief Technology Officer & Executive VPRic ChuraChief Information Officer & Senior Vice PresidentDaniel L. HeardCo-Secretary, Executive VP & General CounselKey CompetitorsPlymouth Industrial REITNYSE:PLYMCenterspaceNYSE:CSRUMH PropertiesNYSE:UMHNew York Mortgage TrustNASDAQ:NYMTAlexander'sNYSE:ALXView All CompetitorsInsiders & InstitutionsMacquarie Group Ltd.Sold 56,129 shares on 6/1/2023Ownership: 0.091%Golden State Equity PartnersBought 64,390 shares on 6/1/2023Ownership: 0.027%ProShare Advisors LLCSold 3,046 shares on 5/26/2023Ownership: 0.014%Ameriprise Financial Inc.Sold 41,359 shares on 5/22/2023Ownership: 0.385%New York State Common Retirement FundSold 80,005 shares on 5/18/2023Ownership: 0.076%View All Insider TransactionsView All Institutional Transactions UNIT Stock - Frequently Asked Questions Should I buy or sell Uniti Group stock right now? 7 Wall Street equities 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 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 forecast for 2023? 7 brokers have issued 1 year price objectives for Uniti Group's shares. Their UNIT share price forecasts range from $4.00 to $9.00. On average, they predict the company's stock price to reach $6.61 in the next twelve months. 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. How have UNIT shares performed in 2023? Uniti Group's stock was trading at $5.53 at the beginning of the year. Since then, UNIT shares have decreased by 27.5% and is now trading at $4.01. 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 Thursday, August 3rd 2023. View our UNIT earnings forecast. How were Uniti Group's earnings last quarter? Uniti Group Inc. (NASDAQ:UNIT) issued its quarterly earnings data 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 earned $278 million during the quarter, compared to the consensus estimate of $278.94 million. Uniti Group's quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the business earned $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 Tuesday, May 2nd. Stockholders of record on Friday, June 16th will be paid a dividend of $0.15 per share on Friday, June 30th. This represents a $0.60 dividend on an annualized basis and a yield of 14.96%. The ex-dividend date is Thursday, June 15th. 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), 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). 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 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. What guidance has Uniti Group issued on next quarter's earnings? Uniti Group updated 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. 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). What is Uniti Group's stock symbol? Uniti Group trades on the NASDAQ under the ticker symbol "UNIT." Who are Uniti Group's major shareholders? Uniti Group's stock is owned by many different institutional and retail investors. Top institutional shareholders 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. 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. What is Uniti Group's stock price today? One share of UNIT stock can currently be purchased for approximately $4.01. How much money does Uniti Group make? 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. How many employees does Uniti Group have? The company employs 754 workers across the globe. 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 How can I contact Uniti Group? 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. This page (NASDAQ:UNIT) was last updated on 6/7/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Uniti Group Inc. 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