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

$10.82
-0.12 (-1.10 %)
(As of 02/21/2020 04:00 PM ET)
Today's Range
$10.66
Now: $10.82
$10.94
50-Day Range
$6.33
MA: $7.74
$10.94
52-Week Range
$5.24
Now: $10.82
$12.79
Volume4.15 million shs
Average Volume3.00 million shs
Market Capitalization$2.09 billion
P/E Ratio67.63
Dividend Yield8.04%
Beta1.13
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 wireless infrastructure solutions for the communications industry. As of December 31, 2018, Uniti owns 5.5 million fiber strand miles, approximately 928 wireless towers, and other communications real estate throughout the United States and Latin America.

Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:UNIT
Previous SymbolNASDAQ:CSALV
CUSIPN/A
Phone501-850-0820

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.02 billion
Cash Flow$2.68 per share
Book Value($8.34) per share

Profitability

Net Income$16.19 million

Miscellaneous

Employees798
Market Cap$2.09 billion
Next Earnings Date3/18/2020 (Estimated)
OptionableOptionable

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Uniti Group (NASDAQ:UNIT) Frequently Asked Questions

What is Uniti Group's stock symbol?

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

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

Uniti Group declared a quarterly dividend on Wednesday, November 6th. Investors of record on Tuesday, December 31st will be given a dividend of $0.22 per share on Wednesday, January 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 8.13%. The ex-dividend date of this dividend is Monday, December 30th. This is a positive change from Uniti Group's previous quarterly dividend of $0.05. View Uniti Group's Dividend History.

How were Uniti Group's earnings last quarter?

Uniti Group Inc (NASDAQ:UNIT) announced 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 had revenue of $263.63 million for the quarter, compared to analyst estimates of $270.14 million. Uniti Group had a negative return on equity of 2.17% and a net margin of 3.06%. View Uniti Group's Earnings History.

When is Uniti Group's next earnings date?

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

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

Uniti Group updated its FY 2019 After-Hours earnings guidance on Monday, November, 25th. The company provided earnings per share (EPS) 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.

What price target have analysts set for UNIT?

4 brokerages have issued 12-month target prices for Uniti Group's stock. Their forecasts range from $7.00 to $23.00. On average, they expect Uniti Group's share price to reach $11.50 in the next year. This suggests a possible upside of 6.3% from the stock's current price. View Analyst Price Targets for Uniti Group.

What is the consensus analysts' recommendation for Uniti Group?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Uniti Group in the last year. There are currently 3 sell ratings and 1 hold rating for the stock, resulting in a consensus recommendation of "Sell." View Analyst Ratings for Uniti Group.

Has Uniti Group been receiving favorable news coverage?

Media headlines about UNIT stock have trended somewhat positive this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Uniti Group earned a media sentiment score of 1.3 on InfoTrie's scale. They also assigned media coverage about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View News Stories for Uniti Group.

Are investors shorting Uniti Group?

Uniti Group saw a drop in short interest in January. As of January 31st, there was short interest totalling 29,990,000 shares, a drop of 6.8% from the January 15th total of 32,170,000 shares. Based on an average daily volume of 3,324,700 shares, the short-interest ratio is currently 9.0 days. Approximately 17.1% of the shares of the stock are short sold. View Uniti Group's Current Options Chain.

Who are some of Uniti Group's key competitors?

What other stocks do shareholders of Uniti Group own?

Who are Uniti Group's key executives?

Uniti Group's management team includes the folowing people:
  • Mr. Kenneth A. Gunderman, Pres, CEO & Director (Age 48)
  • Mr. Mark A. Wallace CPA, Exec. VP, CFO & Treasurer (Age 62)
  • Mr. Daniel L. Heard, Exec. VP, Gen. Counsel & Sec. (Age 44)
  • Mr. Blake Schuhmacher, Chief Accounting Officer, VP & Controller (Age 41)
  • Mr. Michael Friloux, Sr. VP & CTO

Who are Uniti Group's major shareholders?

Uniti Group's stock is owned by many different of retail and institutional investors. Top institutional investors include Credit Suisse AG (4.02%), Searchlight Capital Partners L.P. (3.70%), State Street Corp (3.30%), Bank of New York Mellon Corp (1.64%), Geode Capital Management LLC (1.45%) and Charles Schwab Investment Management Inc. (1.32%). View Institutional Ownership Trends for Uniti Group.

Which major investors are selling Uniti Group stock?

UNIT stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Credit Suisse AG, American International Group Inc., Bank of Montreal Can, SG Americas Securities LLC, Advisors Asset Management Inc., Alliancebernstein L.P. and AQR Capital Management LLC. View Insider Buying and Selling for Uniti Group.

Which major investors are buying Uniti Group stock?

UNIT stock was purchased by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Jacobs Levy Equity Management Inc., State Street Corp, Thrivent Financial for Lutherans, Public Sector Pension Investment Board, Pacer Advisors Inc., Charles Schwab Investment Management Inc. and Bank of New York Mellon Corp. View Insider Buying and Selling for Uniti Group.

How do I buy shares of 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.

What is Uniti Group's stock price today?

One share of UNIT stock can currently be purchased for approximately $10.82.

How big of a company is Uniti Group?

Uniti Group has a market capitalization of $2.09 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.

What is Uniti Group's official website?

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

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 real estate investment trust can be reached via phone at 501-850-0820 or via email at [email protected]


MarketBeat Community Rating for Uniti Group (NASDAQ UNIT)

Community Ranking:  2.6 out of 5 (star star half star)
Outperform Votes:  400 (Thanks for Voting!)
Underperform Votes:  384 (Thanks for Voting!)
Total Votes:  784
MarketBeat's community ratings are surveys of what our community members think about Uniti Group and other stocks. Vote "Outperform" if you believe UNIT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe UNIT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/22/2020 by MarketBeat.com Staff

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