Uniti Group (UNIT) Stock Forecast, Price & News

7 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, 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.

7 brokers have issued 12-month target prices 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 32.7% from the stock's current price.
View analysts price targets for UNIT or view top-rated stocks among Wall Street analysts.

Uniti Group's stock was trading at $5.53 on January 1st, 2023. Since then, UNIT shares have decreased by 9.9% and is now trading at $4.98.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our UNIT earnings forecast.

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 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 analyst estimates of $278.94 million. The business's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.41 earnings per share.

Uniti Group declared a quarterly dividend on Friday, July 28th. Investors of record on Friday, September 8th will be given a dividend of $0.15 per share on Friday, September 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 12.05%. The ex-dividend date of this dividend is Thursday, September 7th.
Read our dividend analysis for UNIT.

ETFs with the largest weight of Uniti Group (NASDAQ:UNIT) stock in their portfolio include Roundhill IO Digital Infrastructure ETF (BYTE), Invesco KBW Premium Yield Equity REIT ETF (KBWY), Pacer Data & Infrastructure Real Estate ETF (SRVR), IQ CBRE NextGen Real Estate ETF (ROOF), ALPS REIT Dividend Dogs ETF (RDOG), Global X Data Center REITs & Digital Infrastructure ETF (VPN), Hoya Capital High Dividend Yield ETF (RIET) and Global X SuperDividend ETF (SDIV).

Uniti Group (NASDAQ:UNIT) pays an annual dividend of $0.60 per share and currently has a dividend yield of 11.67%. 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 2023 earnings guidance on Thursday, August, 3rd. The company provided 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.

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 a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (16.49%), State Street Corp (4.17%), LSV Asset Management (3.10%), Pacer Advisors Inc. (2.61%), Charles Schwab Investment Management Inc. (2.47%) and Geode Capital Management LLC (2.26%).
View institutional ownership trends.

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 $4.98.

Uniti Group (NASDAQ:UNIT) has a market capitalization of $1.19 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 ($0.50) on an earnings per share basis.

The company employs 784 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.