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S&P 500   4,283.85
DOW   33,573.28
QQQ   354.84
High Dividend REITs: Are They an Ideal Way to Diversify?
Nevada Desert more Valuable than Wall Street or Silicon Valley? (Ad)
Dollar General May Create an Opportunity for Patient Investors
Is Frontline's 20% Dividend Too Good To Be True?
Nevada Desert more Valuable than Wall Street or Silicon Valley? (Ad)
3 Reasons The Wayfair Rally Is Way Overdone
Wheat prices jump following collapse of major dam in southern Ukraine
Nevada Desert more Valuable than Wall Street or Silicon Valley? (Ad)
Here’s What’s Driving the Price of Carvana Higher
Stock market today: World stocks mixed as Wall St inches toward bull market
S&P 500   4,283.85
DOW   33,573.28
QQQ   354.84
High Dividend REITs: Are They an Ideal Way to Diversify?
Nevada Desert more Valuable than Wall Street or Silicon Valley? (Ad)
Dollar General May Create an Opportunity for Patient Investors
Is Frontline's 20% Dividend Too Good To Be True?
Nevada Desert more Valuable than Wall Street or Silicon Valley? (Ad)
3 Reasons The Wayfair Rally Is Way Overdone
Wheat prices jump following collapse of major dam in southern Ukraine
Nevada Desert more Valuable than Wall Street or Silicon Valley? (Ad)
Here’s What’s Driving the Price of Carvana Higher
Stock market today: World stocks mixed as Wall St inches toward bull market
S&P 500   4,283.85
DOW   33,573.28
QQQ   354.84
High Dividend REITs: Are They an Ideal Way to Diversify?
Nevada Desert more Valuable than Wall Street or Silicon Valley? (Ad)
Dollar General May Create an Opportunity for Patient Investors
Is Frontline's 20% Dividend Too Good To Be True?
Nevada Desert more Valuable than Wall Street or Silicon Valley? (Ad)
3 Reasons The Wayfair Rally Is Way Overdone
Wheat prices jump following collapse of major dam in southern Ukraine
Nevada Desert more Valuable than Wall Street or Silicon Valley? (Ad)
Here’s What’s Driving the Price of Carvana Higher
Stock market today: World stocks mixed as Wall St inches toward bull market
NASDAQ:UNIT

Uniti Group (UNIT) Stock Forecast, Price & News

$4.01
+0.17 (+4.43%)
(As of 06/6/2023 ET)
Compare
Today's Range
$3.84
$4.13
50-Day Range
$2.96
$4.01
52-Week Range
$2.94
$11.41
Volume
4.03 million shs
Average Volume
2.42 million shs
Market Capitalization
$956.67 million
P/E Ratio
N/A
Dividend Yield
14.96%
Price Target
$6.61

Uniti Group MarketRank™ Forecast

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
64.8% 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
0.85mentions of Uniti Group in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
$983,250 Bought Last Quarter
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.

2.52 out of 5 stars

Finance Sector

358th out of 859 stocks

Real Estate Investment Trusts Industry

60th out of 188 stocks


UNIT stock logo

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

Uniti Group (NASDAQ:UNIT) Shares Up 6.5%
The $193 Billion US-China War You Don't Know About
They'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.
The $193 Billion US-China War You Don't Know About
They'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.
Uniti Group (UNIT) Set to Announce Earnings on Thursday
Analysts Set Uniti Group Inc. (NASDAQ:UNIT) PT at $7.46
Uniti Group (NASDAQ:UNIT) Sets New 1-Year Low at $3.35
Uniti Group (NASDAQ:UNIT) Trading Down 4.9%
A Look Into Uniti Group's Debt
See More Headlines

UNIT Price History

UNIT Company Calendar

Last Earnings
5/05/2022
Ex-Dividend for 4/14 Dividend
3/30/2023
Dividend Payable
4/14/2023
Today
6/07/2023
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

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:UNIT
Previous Symbol
NASDAQ:CSALV
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
+64.8%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
7 Analysts

Profitability

Net Income
$-8,270,000.00
Pretax Margin
-8.80%

Debt

Sales & Book Value

Annual Sales
$1.13 billion
Cash Flow
$2.37 per share
Book Value
($9.58) per share

Miscellaneous

Free Float
236,855,000
Market Cap
$956.67 million
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













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
.

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?
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

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