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

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

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 annualized dividend and a dividend yield of 8.27%. 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.

Uniti Group Inc (NASDAQ:UNIT) released its quarterly earnings data on Thursday, November, 7th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.44 by $0.54. The real estate investment trust earned $263.63 million during 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.

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

4 Wall Street analysts have issued 1 year price targets for Uniti Group's shares. Their forecasts range from $7.00 to $23.00. On average, they expect Uniti Group's stock price to reach $11.50 in the next year. This suggests a possible upside of 8.1% from the stock's current price. View Analyst Price Targets 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.

Press coverage about UNIT stock has trended neutral this week, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of news coverage by monitoring more than six thousand blog and news sources. 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 0.4 on InfoTrie's scale. They also gave media headlines about the real estate investment trust a news buzz of 9.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the next several days. View News Stories for Uniti Group.

Uniti Group saw a drop in short interest in the month of 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 days-to-cover ratio is currently 9.0 days. Approximately 17.1% of the shares of the company are sold short. View Uniti Group's Current Options Chain.

Some companies that are related to Uniti Group include CyrusOne (CONE), Douglas Emmett (DEI), SL Green Realty (SLG), Starwood Property Trust (STWD), New Residential Investment (NRZ), Healthcare Trust Of America (HTA), AmeriCold Realty Trust (COLD), American Campus Communities (ACC), CubeSmart (CUBE), Cousins Properties (CUZ), Rexford Industrial Realty (REXR), Brixmor Property Group (BRX), First Industrial Realty Trust (FR), JBG SMITH Properties (JBGS) and Howard Hughes (HHC).

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), Windstream (WIN), Omega Healthcare Investors (OHI), Ford Motor (F), Centurylink (CTL), Frontier Communications (FTR), ANNALY CAP MGMT/SH (NLY) and Prospect Capital (PSEC).

Uniti Group's stock is owned by many different of retail and institutional investors. Top institutional shareholders 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.

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.

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.

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 $10.64.

Uniti Group has a market capitalization of $2.06 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.

The official website for Uniti Group is http://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]