NASDAQ:UNIT - Uniti Group Stock Price, Forecast & News

Uniti Group trades on the NASDAQ under the ticker symbol "UNIT."

Uniti Group announced a quarterly dividend on Wednesday, November 6th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.22 per share on Wednesday, January 15th. This represents a $0.88 dividend on an annualized basis and a yield of 12.15%. The ex-dividend date of this dividend is Monday, December 30th. This is a boost from Uniti Group's previous quarterly dividend of $0.05. View Uniti Group's Dividend History.

Uniti Group Inc (NASDAQ:UNIT) released its quarterly earnings data on Thursday, November, 7th. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.44 by $0.54. The real estate investment trust earned $263.63 million during the quarter, compared to the consensus estimate of $270.14 million. Uniti Group had a net margin of 3.06% and a negative return on equity of 2.17%. View Uniti Group's Earnings History.

Uniti Group is scheduled to release their next quarterly earnings announcement on Wednesday, March 18th 2020. View Earnings Estimates for Uniti Group.

Uniti Group issued an update on its FY 2019 After-Hours earnings guidance on Monday, November, 25th. The company provided earnings per share guidance of $2.07-2.12 for the period. The company issued revenue guidance of $$1.059-1.069 billion, compared to the consensus revenue estimate of $$1.07 billion.

8 brokers have issued 12-month price targets for Uniti Group's stock. Their forecasts range from $7.00 to $23.00. On average, they anticipate Uniti Group's stock price to reach $12.83 in the next twelve months. This suggests a possible upside of 77.3% from the stock's current price. View Analyst Price Targets for Uniti Group.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Uniti Group in the last year. There are currently 4 sell ratings and 4 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Uniti Group.

Media stories about UNIT stock have trended negative this week, according to InfoTrie. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Uniti Group earned a daily sentiment score of -2.8 on InfoTrie's scale. They also gave media headlines about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for Uniti Group.

Uniti Group saw a decline in short interest in the month of October. As of October 15th, there was short interest totalling 23,160,000 shares, a decline of 5.2% from the September 15th total of 24,440,000 shares. Based on an average trading volume of 1,960,000 shares, the short-interest ratio is presently 11.8 days. Currently, 13.2% of the company's shares are short sold. View Uniti Group's Current Options Chain.

Some companies that are related to Uniti Group include EPR Properties (EPR), First Industrial Realty Trust (FR), JBG SMITH Properties (JBGS), Eastgroup Properties (EGP), Rexford Industrial Realty (REXR), Howard Hughes (HHC), Life Storage (LSI), Blackstone Mortgage Trust (BXMT), Highwoods Properties (HIW), PS Business Parks (PSB), Healthcare Realty Trust (HR), Ryman Hospitality Properties (RHP), CoreSite Realty (COR), Sabra Health Care REIT (SBRA) and Stag Industrial (STAG).

Based on aggregate information from My MarketBeat watchlists, some companies that other Uniti Group investors own include Energy Transfer LP Unit (ET), AT&T (T), New Residential Investment (NRZ), Windstream (WIN), Omega Healthcare Investors (OHI), Centurylink (CTL), Ford Motor (F), Frontier Communications (FTR), ANNALY CAP MGMT/SH (NLY) and Ares Capital (ARCC).

Uniti Group's stock is owned by many different of institutional and retail investors. Top institutional shareholders include State Street Corp (3.05%), Pacer Advisors Inc. (0.38%), Rhumbline Advisers (0.32%), Mackay Shields LLC (0.21%), California Public Employees Retirement System (0.20%) and SG Americas Securities LLC (0.17%). View Institutional Ownership Trends for Uniti Group.

UNIT stock was sold by a variety of institutional investors in the last quarter, including State of New Jersey Common Pension Fund D, State of Alaska Department of Revenue, Nisa Investment Advisors LLC, Stephens Inc. AR, Commonwealth Equity Services LLC, Rhumbline Advisers and Raymond James Trust N.A.. View Insider Buying and Selling for Uniti Group.

UNIT stock was purchased by a variety of institutional investors in the last quarter, including Pacer Advisors Inc., Mackay Shields LLC, SG Americas Securities LLC, California Public Employees Retirement System, Tibra Equities Europe Ltd, ARP Americas LP, TIAA FSB and Millennium Management LLC. View Insider Buying and Selling for Uniti Group.

Shares of UNIT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of UNIT stock can currently be purchased for approximately $7.24.

Uniti Group has a market capitalization of $1.40 billion and generates $1.02 billion in revenue each year. The real estate investment trust earns $16.19 million in net income (profit) each year or $2.51 on an earnings per share basis. Uniti Group employs 798 workers across the globe.View Additional Information About Uniti Group.

The official website for Uniti Group is http://www.uniti.com/.

Uniti Group's mailing address is 10802 EXECUTIVE CENTER DRIVE BENTON BUILDING SUITE 300, LITTLE ROCK AR, 72211. The real estate investment trust can be reached via phone at 501-850-0820 or via email at [email protected]