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

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$10.34 +0.35 (+3.50 %)
(As of 05/21/2019 12:48 PM ET)
Previous Close$10.00
Today's Range$10.05 - $10.36
52-Week Range$8.06 - $23.42
Volume717,640 shs
Average Volume4.52 million shs
Market Capitalization$1.91 billion
P/E Ratio4.12
Dividend Yield1.92%
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.

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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$2.6940 per share
Book Value($8.42) per share

Profitability

Net Income$16.19 million

Miscellaneous

Employees798
Market Cap$1.91 billion
Next Earnings Date8/8/2019 (Estimated)
OptionableOptionable

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 Thursday, May 9th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.05 per share on Monday, July 15th. This represents a $0.20 annualized dividend and a yield of 1.93%. The ex-dividend date is Thursday, June 27th. View Uniti Group's Dividend History.

How were Uniti Group's earnings last quarter?

Uniti Group Inc (NASDAQ:UNIT) announced its quarterly earnings results on Thursday, May, 9th. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.55 by $0.54. The real estate investment trust had revenue of $261.03 million for the quarter, compared to analysts' expectations of $270.25 million. Uniti Group had a negative return on equity of 0.82% and a net margin of 1.16%. 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 Thursday, August 8th 2019. 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, May, 9th. The company provided EPS guidance of $1.76-1.83 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.89. The company issued revenue guidance of $1.071-1.080 billion, compared to the consensus revenue estimate of $1.08 billion.

What price target have analysts set for UNIT?

8 Wall Street analysts have issued 1-year price objectives for Uniti Group's shares. Their predictions range from $7.00 to $28.00. On average, they anticipate Uniti Group's share price to reach $15.00 in the next twelve months. This suggests a possible upside of 45.0% 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?

News headlines about UNIT stock have trended somewhat negative this week, according to InfoTrie. The research group rates the sentiment of press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Uniti Group earned a coverage optimism score of -1.1 on InfoTrie's scale. They also gave press coverage about the real estate investment trust a news buzz of 5.0 out of 10, indicating that recent press coverage is somewhat likely to have an effect on the company's share price in the next several days.

Are investors shorting Uniti Group?

Uniti Group saw a drop in short interest in April. As of April 15th, there was short interest totalling 20,908,751 shares, a drop of 21.3% from the March 29th total of 26,565,405 shares. Based on an average daily volume of 3,648,019 shares, the short-interest ratio is presently 5.7 days. Currently, 11.9% of the shares of the stock are sold short. 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 a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.92%), Mason Capital Management LLC (2.96%), Thompson Siegel & Walmsley LLC (1.54%), Dimensional Fund Advisors LP (1.39%), Geode Capital Management LLC (1.15%) and Charles Schwab Investment Management Inc. (0.91%). Company insiders that own Uniti Group stock include Blake Schuhmacher, Daniel L Heard, David L Solomon and Kenny Gunderman. 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 Bank of Montreal Can, OppenheimerFunds Inc., Morgan Stanley, Raymond James & Associates, State of New Jersey Common Pension Fund D, Raymond James Financial Services Advisors Inc., Reaves W H & Co. Inc. and First Trust Advisors LP. 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 Mason Capital Management LLC, Aurelius Capital Management LP, Litespeed Management L.L.C., Thompson Siegel & Walmsley LLC, Charles Schwab Investment Management Inc., Geode Capital Management LLC, BlackRock Inc. and Quinn Opportunity Partners LLC. Company insiders that have bought Uniti Group stock in the last two years include Blake Schuhmacher, Daniel L Heard, David L Solomon and Kenny Gunderman. 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, Scottrade, Fidelity and Charles Schwab.

What is Uniti Group's stock price today?

One share of UNIT stock can currently be purchased for approximately $10.3450.

How big of a company is Uniti Group?

Uniti Group has a market capitalization of $1.91 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.

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:  355 (Vote Outperform)
Underperform Votes:  322 (Vote Underperform)
Total Votes:  677
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 5/21/2019 by MarketBeat.com Staff

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