NASDAQ:UNITUniti Group Stock Price, Forecast & News

Uniti Group's stock was trading at $8.88 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, UNIT shares have decreased by 5.0% and is now trading at $8.44. View which stocks have been most impacted by Coronavirus.

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

Uniti Group is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for Uniti Group.

Uniti Group Inc (NASDAQ:UNIT) announced its quarterly earnings results on Monday, May, 11th. The real estate investment trust reported ($0.41) EPS for the quarter, missing the Zacks' consensus estimate of $0.40 by $0.81. The real estate investment trust had revenue of $266.16 million for the quarter, compared to analyst estimates of $262.85 million. Uniti Group had a negative net margin of 6.69% and a negative return on equity of 0.60%. View Uniti Group's earnings history.

Uniti Group declared a quarterly dividend on Monday, May 11th. Investors of record on Friday, June 26th will be given a dividend of $0.15 per share on Friday, July 10th. This represents a $0.60 dividend on an annualized basis and a yield of 7.11%. The ex-dividend date of this dividend is Thursday, June 25th. View Uniti Group's dividend history.

Uniti Group issued an update on its FY 2020 After-Hours earnings guidance on Monday, May, 11th. The company provided earnings per share (EPS) guidance of 1.73-1.76 for the period. The company issued revenue guidance of $1.05-1.058 billion, compared to the consensus revenue estimate of $1.1 billion.

3 brokerages have issued 1-year target prices for Uniti Group's stock. Their forecasts range from $8.00 to $13.00. On average, they anticipate Uniti Group's stock price to reach $11.33 in the next twelve months. This suggests a possible upside of 34.3% from the stock's current price. View analysts' price targets for Uniti Group.

Media coverage about UNIT stock has been trending negative this week, according to InfoTrie Sentiment. The research group identifies positive and negative news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Uniti Group earned a coverage optimism score of -2.2 on InfoTrie's scale. They also gave news coverage about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news aboutUniti Group.

Some companies that are related to Uniti Group include Omega Healthcare Investors (OHI), Vornado Realty Trust (VNO), Kilroy Realty (KRC), Healthcare Trust Of America (HTA), Federal Realty Investment Trust (FRT), Vereit (VER), Apartment Investment and Management (AIV), National Retail Properties (NNN), CubeSmart (CUBE), Kimco Realty (KIM), Douglas Emmett (DEI), Klepierre (KLPEF), CoreSite Realty (COR), American Campus Communities (ACC) and First Industrial Realty Trust (FR). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Uniti Group investors own include Energy Transfer LP Unit (ET), New Residential Investment (NRZ), AT&T (T), Ford Motor (F), Windstream (WIN), ANNALY CAP MGMT/SH (NLY), Omega Healthcare Investors (OHI), Centurylink (CTL), AGNC Investment (AGNC) and Frontier Communications (FTR).

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

Uniti Group's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.87%), State Street Corp (3.51%), Mason Capital Management LLC (2.58%), Bank of New York Mellon Corp (1.59%), Geode Capital Management LLC (1.44%) and Invesco Ltd. (1.36%). View institutional ownership trends for Uniti Group.

UNIT stock was sold by a variety of institutional investors in the last quarter, including Canada Pension Plan Investment Board, Mason Capital Management LLC, Two Sigma Investments LP, BlackRock Inc., Mackay Shields LLC, Advisors Asset Management Inc., Morgan Stanley, and Morgan Stanley. View insider buying and selling activity for Uniti Group.

UNIT stock was acquired by a variety of institutional investors in the last quarter, including Pacer Advisors Inc., State Street Corp, Nuveen Asset Management LLC, MERIAN GLOBAL INVESTORS UK Ltd, Balyasny Asset Management LLC, SG Americas Securities LLC, Voloridge Investment Management LLC, and Teachers Insurance & Annuity Association of America. View insider buying and selling activity for 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.

One share of UNIT stock can currently be purchased for approximately $8.44.

Uniti Group has a market capitalization of $1.63 billion and generates $1.06 billion in revenue each year. The real estate investment trust earns $10.58 million in net income (profit) each year or $2.08 on an earnings per share basis. Uniti Group employs 798 workers across the globe.

The official website for Uniti Group is www.uniti.com.

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]