NASDAQ:UNIT

Uniti Group (UNIT) Stock Forecast, Price & News

$4.25

-0.08 (-1.85%)

(As of 06/9/2023 ET)

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Today's Range: $4.17
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$4.39
50-Day Range: $2.96
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$4.34
52-Week Range: $2.94
▼
$10.63

Volume: 6.33 million shs
Average Volume: 2.64 million shs
Market Capitalization: $1.01 billion

P/E Ratio: N/A
Dividend Yield: 14.12%
Price Target: $6.61

Uniti Group MarketRank™ Forecast

Analyst Rating: Hold
2.29 Rating Score
Upside/Downside: 55.5% Upside
$6.61 Price Target
Short Interest: Bearish
8.77% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.18
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 15.67%
From $1.34 to $1.55 Per Share

Overall MarketRank^™

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

2.36 out of 5 stars

Finance Sector

333rd out of 836 stocks

Real Estate Investment Trusts Industry

49th out of 183 stocks

3.1

Analyst's Opinion

Consensus Rating
Uniti 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/Downside
According to analysts' consensus price target of $6.61, Uniti Group has a forecasted upside of 55.5% from its current price of $4.25.
Amount of Analyst Coverage
Uniti Group has received no research coverage in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
8.77% 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 5.6.
Change versus previous month
Short interest in Uniti Group has recently increased by 4.86%, indicating that investor sentiment is decreasing.

2.5

Dividend Strength

Dividend Leadership
Uniti Group is a leading dividend payer. It pays a dividend yield of 13.86%, 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 38.71% 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.

2.9

News and Social Media Coverage

News Sentiment
Uniti Group has a news sentiment score of 1.18. 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 0.87 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Uniti Group this week, compared to 1 article on an average week.
Search Interest
Only 13 people have searched for UNIT on MarketBeat in the last 30 days. This is a decrease of -58% compared to the previous 30 days.
MarketBeat Follows
Only 5 people have added Uniti Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -64% 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
83.82% of the stock of Uniti Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings 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 Market
The P/E ratio of Uniti Group is -10.62, 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 -10.62, 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 (NASDAQ:UNIT) Stock

Uniti 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 consi

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UNIT Stock News Headlines

June 1, 2023 | msn.com

Morgan Stanley Maintains Uniti Group (UNIT) Underweight Recommendation

May 19, 2023 | americanbankingnews.com

Uniti Group (NASDAQ:UNIT) Shares Up 6.5%

June 10, 2023 | Vantage Point (Ad)

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May 19, 2023 | americanbankingnews.com

Uniti Group Inc. (NASDAQ:UNIT) Receives Consensus Rating of "Hold" from Analysts

May 17, 2023 | americanbankingnews.com

Analysts Set Uniti Group Inc. (NASDAQ:UNIT) Price Target at $6.61

May 15, 2023 | americanbankingnews.com

Royal Bank of Canada Trims Uniti Group (NASDAQ:UNIT) Target Price to $5.00

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

June 10, 2023 | Vantage Point (Ad)

Unlock Profit Potential: Find Hidden Trade Opportunities Using A.I.

May 5, 2023 | msn.com

Barclays Maintains Uniti Group (UNIT) Equal-Weight Recommendation

May 5, 2023 | americanbankingnews.com

Barclays Lowers Uniti Group (NASDAQ:UNIT) Price Target to $4.00

May 4, 2023 | msn.com

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

May 2, 2023 | americanbankingnews.com

Uniti Group (UNIT) Set to Announce Earnings on Thursday

April 24, 2023 | americanbankingnews.com

Uniti Group Inc. (NASDAQ:UNIT) Receives $7.46 Consensus PT from Analysts

April 13, 2023 | benzinga.com

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

April 1, 2023 | americanbankingnews.com

Uniti Group Inc. (NASDAQ:UNIT) Receives $7.46 Consensus Target Price from Analysts

March 30, 2023 | americanbankingnews.com

Analysts Set Uniti Group Inc. (NASDAQ:UNIT) PT at $7.46

March 28, 2023 | seekingalpha.com

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

March 25, 2023 | americanbankingnews.com

Uniti Group (NASDAQ:UNIT) Sets New 1-Year Low at $3.35

March 24, 2023 | americanbankingnews.com

Uniti Group (NASDAQ:UNIT) Trading Down 4.9%

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

March 9, 2023 | msn.com

A Look Into Uniti Group's Debt

February 3, 2023 | msn.com

Uniti prices upsized senior secured notes offering of $2.6B

January 19, 2023 | benzinga.com

Uniti Group Inc. To Report Fourth Quarter and Full Year 2022 Financial Results and Host Conference Call

December 26, 2022 | finance.yahoo.com

Strong week for Uniti Group (NASDAQ:UNIT) shareholders doesn't alleviate pain of five-year loss

November 9, 2022 | finance.yahoo.com

Uniti Group Third Quarter 2022 Earnings: EPS Misses Expectations

See More Headlines

UNIT Price History

30 days | 90 days | 365 days | Advanced Chart

UNIT Company Calendar

Last Earnings: 5/05/2022
Ex-Dividend for 4/14 Dividend: 3/30/2023
Dividend Payable: 4/14/2023
Today: 6/10/2023
Ex-Dividend for 6/30 Dividend: 6/15/2023
Dividend Payable: 6/30/2023
Next Earnings (Estimated): 8/03/2023
Fiscal Year End: 12/31/2023

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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: 754
Year Founded: 2014

Price Target and Rating

Average Stock Price Forecast: $6.61
High Stock Price Forecast: $9.00
Low Stock Price Forecast: $4.00
Forecasted Upside/Downside: +55.5%
Consensus Rating: Hold
Rating Score (0-4): 2.29
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.40)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 3.17
P/E Growth: N/A
Net Income: $-8,270,000.00
Net Margins: -7.06%
Pretax Margin: -8.80%
Return on Equity: N/A
Return on Assets: -1.64%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.04
Quick Ratio: 0.04

Sales & Book Value

Annual Sales: $1.13 billion
Price / Sales: 0.90
Cash Flow: $2.24 per share
Price / Cash Flow: 1.90
Book Value: ($9.58) per share
Price / Book: -0.44

Miscellaneous

Outstanding Shares: 238,570,000
Free Float: 235,710,000
Market Cap: $1.01 billion
Optionable: Optionable
Beta: 1.27

Social Links

Key Executives

Kenny Gunderman
President, Chief Executive Officer & Director

Paul Bullington
Chief Financial Officer, Treasurer & Senior VP

Michael Friloux
Chief Technology Officer & Executive VP

Ric Chura
Chief Information Officer & Senior Vice President

Daniel L. Heard
Co-Secretary, Executive VP & General Counsel

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

UNIT Stock - Frequently Asked Questions

Should I buy or sell Uniti Group stock right now?: 7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Uniti Group in the last year. 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 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 brokerages have issued 12-month price objectives for Uniti Group's shares. 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 twelve months. This suggests a possible upside of 55.5% 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 2023. Since then, UNIT shares have decreased by 23.1% and is now trading at $4.25.
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 earnings per share (EPS) 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 business'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 earned $0.41 EPS.
How often does Uniti Group pay dividends? What is the dividend yield for Uniti Group?: Uniti Group announced a quarterly dividend on Tuesday, May 2nd. Investors 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 annualized dividend and a dividend yield of 14.12%. 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), Global X Data Center REITs & Digital Infrastructure ETF (VPN), IQ CBRE NextGen Real Estate ETF (ROOF), ALPS REIT Dividend Dogs ETF (RDOG), 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 13.82%. 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 a variety of 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.
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 $4.25.
How much money does Uniti Group make?: Uniti Group (NASDAQ:UNIT) has a market capitalization of $1.01 billion 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 6/10/2023 by MarketBeat.com Staff

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