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

$6.76
-0.44 (-6.11 %)
(As of 11/18/2019 03:53 PM ET)
Today's Range
$6.66
Now: $6.76
$7.25
50-Day Range
$6.05
MA: $7.28
$7.97
52-Week Range
$5.24
Now: $6.76
$20.14
Volume460,482 shs
Average Volume2.84 million shs
Market Capitalization$1.31 billion
P/E Ratio2.69
Dividend Yield2.82%
Beta1.04
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$2.58 per share
Book Value($7.43) per share

Profitability

Net Income$16.19 million

Miscellaneous

Employees798
Market Cap$1.31 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 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 dividend yield of 13.10%. The ex-dividend date is Monday, December 30th. This is an increase 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) released its quarterly earnings results on Thursday, November, 7th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing the 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 net margin of 3.06% and a negative return on equity of 2.17%. 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 issued an update on its FY19 earnings guidance on Thursday, November, 7th. The company provided EPS guidance of $1.61-1.66 for the period, compared to the Thomson Reuters consensus estimate of $1.68. 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?

8 Wall Street analysts have issued 12 month target prices for Uniti Group's shares. Their forecasts range from $7.00 to $23.00. On average, they expect Uniti Group's share price to reach $12.83 in the next year. This suggests a possible upside of 91.0% from the stock's current price. View Analyst Price Targets for Uniti Group.

What is the consensus analysts' recommendation 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.

Has Uniti Group been receiving favorable news coverage?

Media coverage about UNIT stock has been trending very negative recently, according to InfoTrie. The research firm identifies negative and positive press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Uniti Group earned a coverage optimism score of -3.0 on InfoTrie's scale. They also gave news articles about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the next several days. View News Stories for Uniti Group.

Are investors shorting Uniti Group?

Uniti Group saw a decline in short interest in 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 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 institutional and retail investors. Top institutional shareholders include Pacer Advisors Inc. (0.38%), Rhumbline Advisers (0.32%), Mackay Shields LLC (0.21%), California Public Employees Retirement System (0.20%), SG Americas Securities LLC (0.17%) and Benjamin F. Edwards & Company Inc. (0.17%). View Institutional Ownership Trends for Uniti Group.

Which institutional investors are selling Uniti Group stock?

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.

Which institutional investors are buying Uniti Group stock?

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 Wiley BROS. Aintree Capital LLC. 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 $6.72.

How big of a company is Uniti Group?

Uniti Group has a market capitalization of $1.30 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)
Outperform Votes:  383 (Vote Outperform)
Underperform Votes:  360 (Vote Underperform)
Total Votes:  743
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 11/18/2019 by MarketBeat.com Staff

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