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S&P 500   4,330.00
DOW   34,070.42
QQQ   357.86
3 Reasons this Tech Giant is Going Back to Highs
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
3 Compelling Reasons to Start Buying Undervalued Amazon
5 Reasons Why Amprius is About to Take Flight 
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Stock market today: Asian shares mixed after interest rates-driven sell-off on Wall Street
Analysts Recommend These Mining Stocks Before Metal Prices Rally
The single greatest medical breakthrough of all time? (Ad)
5 Sizzling Tech Companies on the Brink of Bullish Reversals
FedEx, Greenbrier rise; Cisco Systems, KB Home fall, Thursday, 9/21/2023
S&P 500   4,330.00
DOW   34,070.42
QQQ   357.86
3 Reasons this Tech Giant is Going Back to Highs
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
3 Compelling Reasons to Start Buying Undervalued Amazon
5 Reasons Why Amprius is About to Take Flight 
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Stock market today: Asian shares mixed after interest rates-driven sell-off on Wall Street
Analysts Recommend These Mining Stocks Before Metal Prices Rally
The single greatest medical breakthrough of all time? (Ad)
5 Sizzling Tech Companies on the Brink of Bullish Reversals
FedEx, Greenbrier rise; Cisco Systems, KB Home fall, Thursday, 9/21/2023
S&P 500   4,330.00
DOW   34,070.42
QQQ   357.86
3 Reasons this Tech Giant is Going Back to Highs
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
3 Compelling Reasons to Start Buying Undervalued Amazon
5 Reasons Why Amprius is About to Take Flight 
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Stock market today: Asian shares mixed after interest rates-driven sell-off on Wall Street
Analysts Recommend These Mining Stocks Before Metal Prices Rally
The single greatest medical breakthrough of all time? (Ad)
5 Sizzling Tech Companies on the Brink of Bullish Reversals
FedEx, Greenbrier rise; Cisco Systems, KB Home fall, Thursday, 9/21/2023
NASDAQ:UNIT

Uniti Group (UNIT) Stock Forecast, Price & News

$4.98
-0.09 (-1.78%)
(As of 09/21/2023 ET)
Compare
Today's Range
$4.93
$5.09
50-Day Range
$4.40
$5.79
52-Week Range
$2.94
$8.19
Volume
1.50 million shs
Average Volume
2.98 million shs
Market Capitalization
$1.19 billion
P/E Ratio
N/A
Dividend Yield
12.05%
Price Target
$6.61

Uniti Group MarketRank™ Forecast

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
32.7% Upside
$6.61 Price Target
Short Interest
Bearish
8.19% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.83mentions of Uniti Group in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.84%
From $1.37 to $1.45 Per Share

Overall MarketRank

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

2.12 out of 5 stars

Finance Sector

529th out of 817 stocks

Real Estate Investment Trusts Industry

108th out of 173 stocks


UNIT stock logo

About Uniti Group (NASDAQ:UNIT) Stock

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 June 30, 2023, Uniti owns approximately 138,000 fiber route miles, 8.3 million fiber strand miles, and other communications real estate throughout the United States.

UNIT Price History

UNIT Stock News Headlines

Uniti Group (NASDAQ:UNIT) Shares Gap Up to $4.82
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
4 Reasons To Buy Uniti Stock
The Real Reason They Murdered JFK?
Some people believe JFK was murdered because of his executive order 11110 that would have reduced the power of the Federal Reserve. Regardless if that’s true or not… The Fed is now involved in a new controversy that could have drastic consequences for the US dollar.
A Look Into Uniti Group's Debt
See More Headlines
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UNIT Company Calendar

Last Earnings
5/05/2022
Ex-Dividend for 6/30 Dividend
6/15/2023
Dividend Payable
6/30/2023
Ex-Dividend for 9/22 Dividend
9/07/2023
Today
9/21/2023
Dividend Payable
9/22/2023
Next Earnings (Estimated)
11/02/2023
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
784
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
+32.7%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
7 Analysts

Profitability

Net Income
$-8,270,000.00
Pretax Margin
-12.10%

Debt

Sales & Book Value

Annual Sales
$1.13 billion
Cash Flow
$2.22 per share
Book Value
($9.58) per share

Miscellaneous

Free Float
235,825,000
Market Cap
$1.19 billion
Optionable
Optionable
Beta
1.36

Social Links

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Key Executives

  • Mr. Kenneth A. Gunderman (Age 52)
    Pres, CEO & Director
    Comp: $2.04M
  • Mr. Paul Bullington (Age 50)
    Sr. VP, CFO & Treasurer
    Comp: $981.28k
  • Mr. Michael Friloux (Age 57)
    Exec. VP & CTO
    Comp: $729.31k
  • Mr. Daniel L. Heard (Age 48)
    Exec. VP, Gen. Counsel & Sec.
    Comp: $893.52k
  • Mr. Travis T. Black (Age 41)
    VP & Chief Accounting Officer
  • Mr. Ric Chura
    Sr. VP & Chief Information Officer
  • Ms. Jennifer Ragsdale
    Sr. VP & Chief Admin. Officer
  • Mr. Bill DiTullio
    VP of Fin. & Investor Relations
  • Mr. Ronald J. Mudry (Age 61)
    Sr. VP & Chief Revenue Officer
  • Mr. Joseph E. McCourt Jr. (Age 61)
    Pres of Enterprise Sales - Uniti Fiber













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 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.

What is Uniti Group's stock price forecast for 2023?

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.

How have UNIT shares performed in 2023?

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.
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, November 2nd 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 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.

How often does Uniti Group pay dividends? What is the dividend yield for Uniti Group?

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
.

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 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.

What guidance has Uniti Group issued on next quarter's earnings?

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.

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 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
.

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 $4.98.

How much money does Uniti Group make?

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.

How many employees does Uniti Group have?

The company employs 784 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 9/22/2023 by MarketBeat.com Staff

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