Uniti Group - UNIT Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Uniti Group in the last twelve months. There are currently 1 sell rating and 3 hold ratings for the stock. The consensus among Wall Street 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.
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4 analysts have issued 1-year price targets for Uniti Group's shares. Their UNIT share price forecasts range from $7.25 to $10.00. On average, they anticipate the company's share price to reach $8.31 in the next twelve months. This suggests a possible upside of 23.5% from the stock's current price.
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Uniti Group's stock was trading at $5.53 at the beginning of 2023. Since then, UNIT stock has increased by 21.7% and is now trading at $6.73.
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The company is scheduled to release its next quarterly earnings announcement on Friday, February 24th 2023.
View our UNIT earnings forecast.

Uniti Group will be holding an earnings conference call on Friday, February 24th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

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 (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 analyst estimates of $278.94 million. Uniti Group had a negative trailing twelve-month return on equity of 8.82% and a negative net margin of 1.21%. The firm's quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the company posted $0.41 EPS.

Uniti Group announced a quarterly dividend on Tuesday, November 1st. Stockholders of record on Friday, December 16th will be given a dividend of $0.15 per share on Friday, December 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.92%. The ex-dividend date is Thursday, December 15th.
Read our dividend analysis for UNIT.

Uniti Group (NASDAQ:UNIT) pays an annual dividend of $0.60 per share and currently has a dividend yield of 9.10%. 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 updated its FY 2022 earnings guidance on Thursday, November, 10th. The company provided earnings per share guidance of $1.65-$1.72 for the period. The company issued revenue guidance of $1.12 billion-$1.14 billion, compared to the consensus revenue estimate of $1.13 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 retail and institutional investors. Top institutional shareholders include ARS Investment Partners LLC (0.33%), New York State Teachers Retirement System (0.14%), Aaron Wealth Advisors LLC (0.14%), Bank of Montreal Can (0.13%), State of Alaska Department of Revenue (0.12%) and New York State Common Retirement Fund (0.11%).
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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 $6.73.

Uniti Group (NASDAQ:UNIT) has a market capitalization of $1.60 billion and generates $1.10 billion in revenue each year. The real estate investment trust earns $123.66 million in net income (profit) each year or ($0.09) 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.