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AMD   205.36 (+1.34%)
BABA   72.00 (-3.51%)
T   16.80 (-1.06%)
F   12.74 (+2.33%)
MU   95.77 (+0.65%)
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GE   161.01 (+1.49%)
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NASDAQ:UNIT

Uniti Group (UNIT) Stock Price, News & Analysis

$6.55
+0.14 (+2.18%)
(As of 04:00 PM ET)
Today's Range
$6.33
$6.58
50-Day Range
$4.85
$6.41
52-Week Range
$2.94
$6.58
Volume
2.30 million shs
Average Volume
1.86 million shs
Market Capitalization
$1.56 billion
P/E Ratio
N/A
Dividend Yield
9.16%
Price Target
$5.63

Uniti Group MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
13.6% Downside
$5.63 Price Target
Short Interest
Bearish
8.86% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.63mentions of Uniti Group in the last 14 days
Based on 20 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
10.79%
From $1.39 to $1.54 Per Share

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.

0.84 out of 5 stars

Finance Sector

797th out of 864 stocks

Real Estate Investment Trusts Industry

164th out of 179 stocks


UNIT stock logo

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

UNIT Stock News Headlines

Uniti Group (NASDAQ:UNIT) PT Raised to $10.00 at TD Cowen
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Uniti Group Stock: Undervalued 11%-Yielder Has 65% Upside
Uniti Group: A Potential Value Trap
See More Headlines
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Company Calendar

Last Earnings
5/05/2022
Ex-Dividend for 1/4 Dividend
12/14/2023
Dividend Payable
1/04/2024
Today
3/04/2024
Ex-Dividend for 4/12 Dividend
3/27/2024
Dividend Payable
4/12/2024
Next Earnings (Estimated)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
N/A
Current Symbol
NASDAQ:UNIT
Previous Symbol
NASDAQ:CSALV
Fax
N/A
Employees
784
Year Founded
2014

Price Target and Rating

Average Stock Price Target
$5.63
High Stock Price Target
$10.00
Low Stock Price Target
$3.50
Potential Upside/Downside
-12.1%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$-81,710,000.00
Pretax Margin
-13.30%

Debt

Sales & Book Value

Annual Sales
$1.15 billion
Cash Flow
$1.89 per share
Book Value
($10.41) per share

Miscellaneous

Free Float
237,033,000
Market Cap
$1.53 billion
Optionable
Optionable
Beta
1.41

Social Links

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Key Executives

  • Mr. Kenneth A. Gunderman (Age 53)
    President, CEO & Director
    Comp: $2.04M
  • Mr. Paul Bullington (Age 52)
    Senior VP, CFO & Treasurer
    Comp: $981.28k
  • Mr. Michael Friloux (Age 58)
    Executive VP & CTO
    Comp: $729.31k
  • Mr. Daniel L. Heard (Age 49)
    Executive VP, General Counsel & Secretary
    Comp: $893.52k
  • Mr. Travis T. Black (Age 42)
    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 62)
    Senior VP & Chief Revenue Officer
    Comp: $626.22k
  • Mr. Joseph E. McCourt Jr. (Age 62)
    President of Enterprise Sales - Uniti Fiber














UNIT Stock Analysis - Frequently Asked Questions

Should I buy or sell Uniti Group stock right now?

3 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 1 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?

3 brokerages have issued 1 year price targets for Uniti Group's stock. Their UNIT share price targets range from $3.50 to $10.00. On average, they predict the company's share price to reach $5.63 in the next twelve months. This suggests that the stock has a possible downside of 13.6%.
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 at the beginning of the year. Since then, UNIT shares have increased by 12.6% and is now trading at $6.51.
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, May 2nd 2024.
View our UNIT earnings forecast
.

How were Uniti Group's earnings last quarter?

Uniti Group Inc. (NASDAQ:UNIT) issued its earnings results 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 the consensus estimate of $278.94 million. The firm's revenue was up 2.0% compared to the same quarter last year. During the same period 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 announced a quarterly dividend on Thursday, February 22nd. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.15 per share on Friday, April 12th. This represents a $0.60 dividend on an annualized basis and a yield of 9.22%. The ex-dividend date of this dividend is Wednesday, March 27th.
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 9.36%. 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 issued an update on its FY 2024 earnings guidance on Thursday, February, 29th. The company provided EPS guidance of 1.290-1.360 for the period, compared to the consensus estimate of 1.170. 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?
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. (15.88%), LSV Asset Management (3.01%), Charles Schwab Investment Management Inc. (2.87%), Dimensional Fund Advisors LP (1.42%), Northern Trust Corp (1.04%) and Goldman Sachs Group Inc. (0.96%).
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 3/4/2024 by MarketBeat.com Staff