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Uniti Group Stock Price, News & Analysis (NASDAQ:UNIT)

$5.63
-0.01 (-0.18%)
(As of 03:21 PM ET)
Compare
Today's Range
$5.53
$5.73
50-Day Range
$4.15
$5.94
52-Week Range
$2.94
$6.86
Volume
1.28 million shs
Average Volume
2.68 million shs
Market Capitalization
$1.34 billion
P/E Ratio
N/A
Dividend Yield
10.66%
Price Target
$6.22

Uniti Group MarketRank™ Stock Analysis

Analyst Rating
Hold
2.13 Rating Score
Upside/​Downside
10.7% Upside
$6.22 Price Target
Short Interest
Bearish
8.58% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
2.88%
From $1.39 to $1.43 Per Share

Overall MarketRank

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

1.40 out of 5 stars

Finance Sector

688th out of 697 stocks

Real Estate Investment Trusts Industry

144th out of 146 stocks


UNIT stock logo

About Uniti Group Stock (NASDAQ:UNIT)

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 September 30, 2023, Uniti owns approximately 139,000 fiber route miles, 8.4 million fiber strand miles, and other communications real estate throughout the United States.

UNIT Stock Price History

UNIT Stock News Headlines

The Battery Metal Nobody Told You About
According to McKinsey and Company, the battery storage market is growing rapidly, especially with the transition to clean, renewable energy. Lithium-ion batteries still grab most of the headlines. But analysts now call safe and long-lasting batteries made with vanadium "the future of battery tech."
Lithium Discovery So BIG You Can't Miss it, Even From Space
With the green energy transition well underway, lithium demand is rapidly outpacing projected supply. While companies frantically search for new sources of this critical metal, one small company is sitting on a massive claim in North America - So big in fact that it can clearly be seen from space!
Uniti Group: A Potential Value Trap
4 Reasons To Buy Uniti Stock
See More Headlines
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Company Calendar

Last Earnings
5/05/2022
Ex-Dividend for 9/22 Dividend
9/07/2023
Dividend Payable
9/22/2023
Today
12/07/2023
Ex-Dividend for 1/4 Dividend
12/14/2023
Fiscal Year End
12/31/2023
Dividend Payable
1/04/2024
Next Earnings (Estimated)
2/23/2024

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 Target
$6.22
High Stock Price Target
$9.00
Low Stock Price Target
$3.50
Potential Upside/Downside
+8.7%
Consensus Rating
Hold
Rating Score (0-4)
2.13
Research Coverage
8 Analysts

Profitability

Net Income
$-8,270,000.00
Pretax Margin
-8.12%

Debt

Sales & Book Value

Annual Sales
$1.15 billion
Cash Flow
$2.24 per share
Book Value
($9.58) per share

Miscellaneous

Free Float
236,954,000
Market Cap
$1.37 billion
Optionable
Optionable
Beta
1.43

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Key Executives

  • Mr. Kenneth A. Gunderman (Age 52)
    President, CEO & Director
    Comp: $2.04M
  • Mr. Paul Bullington (Age 51)
    Senior VP, CFO & Treasurer
    Comp: $981.28k
  • Mr. Michael Friloux (Age 57)
    Executive VP & CTO
    Comp: $729.31k
  • Mr. Daniel L. Heard (Age 48)
    Executive VP, General Counsel & Secretary
    Comp: $893.52k
  • Mr. Travis T. Black (Age 41)
    VP & Chief Accounting Officer
  • Mr. Ric Chura
    Senior VP & Chief Information Officer
  • Ms. Jennifer Ragsdale
    Senior VP & Chief Administrative Officer
  • Mr. Bill DiTullio
    Vice President of Finance & Investor Relations
  • Mr. Ronald J. Mudry (Age 61)
    Senior VP & Chief Revenue Officer
    Comp: $626.22k
  • Mr. Joseph E. McCourt Jr. (Age 61)
    President of Enterprise Sales - Uniti Fiber














UNIT Stock Analysis - Frequently Asked Questions

Should I buy or sell Uniti Group stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Uniti Group in the last twelve months. There are currently 2 sell ratings, 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 target for 2024?

8 brokerages have issued 1-year price targets for Uniti Group's stock. Their UNIT share price targets range from $3.50 to $9.00. On average, they expect the company's stock price to reach $6.22 in the next twelve months. This suggests a possible upside of 10.7% 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 stock has increased by 1.6% and is now trading at $5.62.
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 Friday, February 23rd 2024.
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 analysts' consensus estimates 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 was up 2.0% on a year-over-year basis. During the same period 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 Wednesday, November 1st. Stockholders of record on Friday, December 15th will be given a dividend of $0.15 per share on Thursday, January 4th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.68%. The ex-dividend date of this dividend is Thursday, December 14th.
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 10.10%. 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 other stocks do shareholders of Uniti Group own?
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 LSV Asset Management (3.09%), Charles Schwab Investment Management Inc. (2.70%), Invesco Ltd. (1.26%), Wellington Management Group LLP (1.14%), Northern Trust Corp (1.06%) and Bank of New York Mellon Corp (1.00%).
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.

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
This page (NASDAQ:UNIT) was last updated on 12/7/2023 by MarketBeat.com Staff

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