About Uniti Group (NASDAQ:UNIT)
Uniti Group Inc., formerly Communications Sales & Leasing, Inc., is an internally managed real estate investment trust engaged in the acquisition and construction of infrastructure in the communications industry. The Company focuses on acquiring and constructing fiber optic broadband networks, wireless communications towers, copper and coaxial broadband networks and data centers. It operates in four segments: Leasing, Fiber Infrastructure, Towers and Consumer Competitive Local Exchange Carrier (Consumer CLEC). The Leasing segment includes Uniti Leasing. The Fiber Infrastructure segment includes Uniti Fiber business. The Towers segment includes Uniti Towers and its ground lease investments. The Consumer CLEC segment includes Talk America. As of July 3, 2017, the Company and its subsidiaries owned approximately 88,100 fiber network route miles, representing approximately 4.8 million fiber strand miles and approximately 231,900 route miles of copper cable lines across 32 states.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
SymbolNASDAQ:UNIT
CUSIPN/A
Phone501-850-0820
Debt
Debt-to-Equity Ratio-0.05%
Current Ratio0.03%
Quick Ratio0.03%
Price-To-Earnings
Trailing P/E Ratio6.51
Forward P/E Ratio6.57
P/E Growth0.91
Sales & Book Value
Annual Sales$916.03 million
Price / Sales3.14
Cash Flow$2.3974 per share
Price / Cash6.82
Book Value($6.88) per share
Price / Book-2.38
Profitability
EPS (Most Recent Fiscal Year)$2.51
Net Income$-9,430,000.00
Net Margins-1.42%
Return on EquityN/A
Return on Assets-0.32%
Miscellaneous
Employees654
Outstanding Shares175,780,000
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 Thursday, February 8th. Shareholders of record on Friday, March 30th will be given a dividend of $0.60 per share on Friday, April 13th. This represents a $2.40 dividend on an annualized basis and a yield of 14.68%. The ex-dividend date is Wednesday, March 28th. View Uniti Group's Dividend History.
How were Uniti Group's earnings last quarter?
Uniti Group Inc. (NASDAQ:UNIT) posted its earnings results on Thursday, March, 1st. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.02 by $0.62. The real estate investment trust had revenue of $246.30 million for the quarter, compared to analyst estimates of $246.90 million. The firm's revenue for the quarter was up 19.0% on a year-over-year basis. View Uniti Group's Earnings History.
When is Uniti Group's next earnings date?
What guidance has Uniti Group issued on next quarter's earnings?
Uniti Group issued an update on its FY18 earnings guidance on Thursday, March, 1st. The company provided earnings per share guidance of $2.52-2.57 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.31.
What price target have analysts set for UNIT?
7 brokerages have issued 1-year target prices for Uniti Group's stock. Their predictions range from $18.00 to $31.00. On average, they expect Uniti Group's share price to reach $26.00 in the next year. View Analyst Ratings for Uniti Group.
Are investors shorting Uniti Group?
Uniti Group saw a increase in short interest in March. As of March 29th, there was short interest totalling 29,210,213 shares, an increase of 8.0% from the March 15th total of 27,049,728 shares. Based on an average daily trading volume, of 1,929,654 shares, the days-to-cover ratio is currently 15.1 days. Currently, 18.0% of the company's stock are sold short.
Who are some of Uniti Group's key competitors?
Some companies that are related to Uniti Group include Howard Hughes (HHC), Liberty Property Trust (LPT), National Retail Properties (NNN), Kimco Realty (KIM), American Homes 4 Rent (AMH), Hammerson (HMSNF), New Residential Inv (NRZ), Starwood Property Trust (STWD), DCT Industrial Trust (DCT), Lamar Advertising (LAMR), American Campus Communities (ACC), Omega Healthcare Investors (OHI), Healthcare Trust Of America (HTA), CubeSmart (CUBE), CyrusOne (CONE), STORE Capital (STOR), Rayonier (RYN) and Medical Properties Trust (MPW).
Who are Uniti Group's key executives?
Uniti Group's management team includes the folowing people:
- Francis X. Frantz, Independent Chairman of the Board (Age 63)
- Kenneth A. Gunderman, President, Chief Executive Officer, Director (Age 46)
- Mark A. Wallace, Chief Financial Officer, Executive Vice President, Treasurer (Age 59)
- Daniel L. Heard, Executive Vice President, General Counsel, Secretary (Age 42)
- Ronald J. Mudry, Executive Vice President—Fiber Operations (Age 55)
- Jim Volk, Vice President
- Jennifer S. Banner, Independent Director (Age 57)
- Scott G. Bruce, Independent Director (Age 55)
- Andrew S. Frey, Independent Director (Age 42)
- David L. Solomon, Independent Director (Age 57)
Has Uniti Group been receiving favorable news coverage?
Media stories about UNIT stock have been trending positive this week, according to Accern Sentiment. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Uniti Group earned a news sentiment score of 0.44 on Accern's scale. They also assigned media stories about the real estate investment trust an impact score of 45.71 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.
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, Scottrade, Fidelity and Charles Schwab.
What is Uniti Group's stock price today?
One share of UNIT stock can currently be purchased for approximately $16.35.
How big of a company is Uniti Group?
Uniti Group has a market capitalization of $2.98 billion and generates $916.03 million in revenue each year. The real estate investment trust earns $-9,430,000.00 in net income (profit) each year or $2.51 on an earnings per share basis. Uniti Group employs 654 workers across the globe.
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 (UNIT)
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.
Uniti Group (NASDAQ:UNIT) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
7 Wall Street analysts have issued ratings and price targets for Uniti Group in the last 12 months. Their average twelve-month price target is $26.00, suggesting that the stock has a possible upside of 59.02%. The high price target for UNIT is $31.00 and the low price target for UNIT is $18.00. There are currently 3 hold ratings and 4 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.57 | 2.57 | 2.63 | 2.91 |
| Ratings Breakdown: | 0 Sell Rating(s)
3 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
6 Buy Rating(s)
2 Strong Buy Rating(s) |
| Consensus Price Target: | $26.00 | $26.00 | $26.6667 | $29.8750 |
| Price Target Upside: | 59.02% upside | 76.99% upside | 61.91% upside | 88.49% upside |
Uniti Group (NASDAQ:UNIT) Consensus Price Target History
Uniti Group (NASDAQ:UNIT) Analyst Ratings History
Show:
(Data available from 4/22/2016 forward)
Uniti Group (NASDAQ:UNIT) Dividend Information
Uniti Group pays an annual dividend of $2.40 per share, with a dividend yield of 14.68%. UNIT's most recent quarterly dividend payment was Friday, April 13. Uniti Group pays out 95.62% of its earnings out as a dividend.
| Most Recent Dividend: | 4/13/2018 |
| Annual Dividend: | $2.40 |
| Dividend Yield: | 14.68% |
| Payout Ratio: | 95.62% (Trailing 12 Months of Earnings)
96.39% (Based on This Year's Estimates)
93.75% (Based on Next Year's Estimates)
|
Uniti Group (NASDAQ:UNIT) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 2/8/2018 | quarterly | $0.60 | 16.94% | 3/28/2018 | 3/30/2018 | 4/13/2018 |
| 10/31/2017 | Quarterly | $0.60 | | 12/28/2017 | 12/29/2017 | 1/12/2018 |
| 8/3/2017 | Quarterly | $0.60 | | 9/28/2017 | 9/29/2017 | 10/13/2017 |
| 5/4/2017 | quarterly | $0.60 | 9.49% | 6/28/2017 | 6/30/2017 | 7/14/2017 |
| 2/15/2017 | quarterly | $0.60 | 9.09% | 3/29/2017 | 3/31/2017 | 4/14/2017 |
| 11/9/2016 | Quarterly | $0.60 | | 12/28/2016 | 12/30/2016 | 1/13/2017 |
| 9/1/2016 | Quarterly | $0.60 | | 9/28/2016 | 9/30/2016 | 10/14/2016 |
| 5/11/2016 | Quarterly | $0.60 | | 6/28/2016 | 6/30/2016 | 7/15/2016 |
| 3/2/2016 | Quarterly | $0.60 | | 3/29/2016 | 3/31/2016 | 4/15/2016 |
| 11/9/2015 | Quarterly | $0.60 | | 12/29/2015 | 12/31/2015 | 1/15/2016 |
| 8/11/2015 | | $0.60 | | 9/28/2015 | 9/30/2015 | 10/15/2015 |
| 5/7/2015 | special | $0.4418 | | 6/26/2015 | 6/30/2015 | 7/15/2015 |
(Data available from 1/1/2013 forward)
Uniti Group (NASDAQ UNIT) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.42%
Institutional Ownership Percentage: 76.31%
Uniti Group (NASDAQ UNIT) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 8/23/2017 | David L Solomon | Director | Buy | 1,300 | $19.10 | $24,830.00 | 20,137 |  |
| 8/21/2017 | Kenny Gunderman | Insider | Buy | 4,000 | $18.88 | $75,520.00 | 271,553 | |
| 8/18/2017 | Blake Schuhmacher | Insider | Buy | 500 | $18.98 | $9,490.00 | 16,673 | |
| 8/17/2017 | Kenny Gunderman | Insider | Buy | 2,000 | $19.23 | $38,460.00 | 267,553 | |
| 8/15/2017 | Daniel L Heard | EVP | Buy | 5,400 | $18.54 | $100,116.00 | 40,793 | |
| 8/14/2017 | Kenny Gunderman | Insider | Buy | 2,500 | $19.48 | $48,700.00 | 266,553 | |
| 5/12/2017 | Kenny Gunderman | Insider | Buy | 14,500 | $24.15 | $350,175.00 | 262,053 | |
(Data available from 1/1/2013 forward)
Uniti Group (NASDAQ UNIT) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | Uniti Group Inc. (UNIT) Given Consensus Rating of "Hold" by Analysts
www.americanbankingnews.com - April 18 at 7:24 PM |
 | Free Research Report as Uniti’s Quarterly Revenue Advanced 19%
finance.yahoo.com - April 16 at 9:45 AM |
| Uniti Group (UNIT) Receives "Buy" Rating from Cowen
www.americanbankingnews.com - April 15 at 9:31 AM |
 | Key Questions For Uniti Group
seekingalpha.com - April 13 at 9:53 AM |
| Edited Transcript of UNIT presentation 7-Mar-17 7:05pm GMT
finance.yahoo.com - April 12 at 10:25 AM |
| Uniti Group Inc. (UNIT) Short Interest Up 8.0% in March
www.americanbankingnews.com - April 12 at 1:09 AM |
| $247.10 Million in Sales Expected for Uniti Group Inc. (UNIT) This Quarter
www.americanbankingnews.com - April 11 at 2:40 AM |
| Uniti Group (UNIT) Lowered to Hold at Zacks Investment Research
www.americanbankingnews.com - April 11 at 12:11 AM |
| $0.63 Earnings Per Share Expected for Uniti Group Inc. (UNIT) This Quarter
www.americanbankingnews.com - April 9 at 3:21 PM |
| Uniti Group (UNIT) Downgraded to "Neutral" at JPMorgan Chase
www.americanbankingnews.com - April 8 at 3:18 PM |
 | Virgin Galactic completes first rocket-powered, supersonic flight of its new spacecraft, Unity
www.cnbc.com - April 6 at 10:02 AM |
| Uniti Group Inc. To Report First Quarter 2018 Financial Results and Host Conference Call
finance.yahoo.com - April 6 at 10:02 AM |
 | BRIEF-Uniti Group Says CEO Kenneth A. Gunderman's 2017 Total Compensation Was $5.4 Mln Versus $5.1 Mln In ...
www.reuters.com - April 5 at 4:22 PM |
| BRIEF-Uniti Group Says CEO Kenneth A. Gunderman's 2017 Total Compensation Was $5.4 Mln Versus $5.1 Mln In 2016 – SEC Filing
www.reuters.com - April 5 at 9:02 AM |
| Head to Head Contrast: Uniti Group (UNIT) & Arbor Realty Trust (ABR)
www.americanbankingnews.com - April 3 at 5:52 AM |
| Uniti Group (UNIT) Downgraded to Hold at ValuEngine
www.americanbankingnews.com - April 2 at 10:52 PM |
 | Parkland tries to build unity after tragedy
www.msn.com - April 2 at 10:17 AM |
| Kremlin Sees Cracks in West’s Unity as France, Germany Keep Ties
www.msn.com - March 31 at 9:27 AM |
| $247.03 Million in Sales Expected for Uniti Group Inc (UNIT) This Quarter
www.americanbankingnews.com - March 25 at 4:37 AM |
| Uniti Group Inc (UNIT) Receives Average Recommendation of "Buy" from Brokerages
www.americanbankingnews.com - March 24 at 7:33 PM |
 | U.K. asks for European Union unity in condemning Russia after nerve-agent attack
www.latimes.com - March 24 at 4:46 PM |
| $0.63 EPS Expected for Uniti Group Inc (UNIT) This Quarter
www.americanbankingnews.com - March 23 at 3:14 PM |
| Uniti Group (UNIT) Raised to Hold at BidaskClub
www.americanbankingnews.com - March 17 at 10:22 AM |
| 6 Reasons To Buy This 14.4% Yielding Stock - Seeking Alpha
seekingalpha.com - March 13 at 4:48 PM |
| Uniti Group (UNIT) Raised to Sell at BidaskClub
www.americanbankingnews.com - March 10 at 11:00 PM |
 | Commit To Buy Uniti Group At $5, Earn 18% Using Options - Nasdaq
www.nasdaq.com - March 8 at 10:50 AM |
| Uniti And Windstream: Fear Run Amok - Uniti Group Inc. (NASDAQ ... - Seeking Alpha
seekingalpha.com - March 8 at 10:50 AM |
| Key Takeaways From Uniti's Earnings Call - Seeking Alpha
seekingalpha.com - March 8 at 10:50 AM |
| Uniti Group Inc (UNIT) Expected to Announce Quarterly Sales of $247.19 Million
www.americanbankingnews.com - March 8 at 7:10 AM |
| TPx Communications -- Moody's say's TPx's ratings unchanged following sale and leaseback transaction
finance.yahoo.com - March 6 at 4:23 PM |
| Teacher Retirement System of Texas Increases Stake in Uniti Group Inc (UNIT)
www.americanbankingnews.com - March 5 at 4:32 PM |
| Uniti Group Inc (UNIT) Holdings Reduced by Schroder Investment Management Group
www.americanbankingnews.com - March 5 at 9:03 AM |
| Uniti Group Inc (UNIT) Shares Bought by State of Tennessee Treasury Department
www.americanbankingnews.com - March 4 at 12:08 PM |
| Uniti And Windstream Debt Downgrade: What It Means - Seeking Alpha
seekingalpha.com - March 4 at 10:32 AM |
| Uniti Group Inc (UNIT) Shares Bought by American International Group Inc.
www.americanbankingnews.com - March 3 at 4:12 AM |
| Uniti Group (UNIT) Given a $26.00 Price Target at Cowen
www.americanbankingnews.com - March 2 at 6:22 PM |
| Uniti reports 4Q results
www.cnbc.com - March 2 at 9:42 AM |
| Uniti Group Inc. 2017 Q4 - Results - Earnings Call Slides
seekingalpha.com - March 2 at 9:42 AM |
| Uniti Group (UNIT) Releases Quarterly Earnings Results, Beats Estimates By $0.62 EPS
www.americanbankingnews.com - March 1 at 9:12 PM |
| Uniti Group (UNIT) Releases FY18 Earnings Guidance
www.americanbankingnews.com - March 1 at 5:50 PM |
| Uniti Group Inc (UNIT) Position Raised by Swiss National Bank
www.americanbankingnews.com - March 1 at 5:42 PM |
| Uniti Group Inc. Reports Fourth Quarter and Full Year 2017 Results
finance.yahoo.com - March 1 at 4:29 PM |
| Uniti Group Inc. -- Moody's downgrades Uniti to B3, outlook remains negative
finance.yahoo.com - February 28 at 4:30 PM |
| Windstream Services, LLC -- Moody's downgrades Windstream to B3, outlook remains negative
finance.yahoo.com - February 28 at 4:30 PM |
| Hudson Bay Capital Management LP Buys Shares of 265,000 Uniti Group Inc (UNIT)
www.americanbankingnews.com - February 28 at 1:54 PM |
| Bank of New York Mellon Corp Sells 4,081,495 Shares of Uniti Group Inc (UNIT)
www.americanbankingnews.com - February 28 at 4:58 AM |
| Uniti Group Inc (UNIT) Receives Consensus Recommendation of "Hold" from Brokerages
www.americanbankingnews.com - February 27 at 9:30 PM |
| Raymond James Financial Services Advisors Inc. Buys 37,580 Shares of Uniti Group Inc (UNIT)
www.americanbankingnews.com - February 26 at 11:52 AM |
| Uniti Group Inc. to Present at the Raymond James 39th Annual Institutional Investors Conference
finance.yahoo.com - February 26 at 9:45 AM |
| Uniti Group Inc. to Present at the Deutsche Bank 26th Annual Media, Telecom & Business Services Conference
finance.yahoo.com - February 26 at 9:45 AM |
Uniti Group (NASDAQ:UNIT) SEC Filings
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Uniti Group (NASDAQ:UNIT) Income Statement, Balance Sheet and Cash Flow Statement
Uniti Group (NASDAQ UNIT) Stock Chart for Sunday, April, 22, 2018
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