Uniti Group - UNIT Stock Forecast, Price & News

Uniti Group's stock was trading at $14.01 at the beginning of the year. Since then, UNIT stock has decreased by 27.7% and is now trading at $10.13.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our UNIT earnings forecast.

Uniti Group Inc. (NASDAQ:UNIT) announced its earnings results on Thursday, May, 5th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by $0.20. The real estate investment trust earned $278 million during the quarter, compared to analysts' expectations of $278.94 million. Uniti Group had a negative trailing twelve-month return on equity of 8.82% and a net margin of 16.52%. The company's revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.41 earnings per share.

Uniti Group declared a quarterly dividend on Monday, August 1st. Investors of record on Friday, September 9th will be given a dividend of $0.15 per share on Friday, September 23rd. This represents a $0.60 annualized dividend and a yield of 5.92%. The ex-dividend date is Thursday, September 8th.
Read our dividend analysis for UNIT.

Uniti Group (NASDAQ:UNIT) pays an annual dividend of $0.60 per share and currently has a dividend yield of 5.81%. UNIT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 81.08%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, UNIT will have a dividend payout ratio of 33.90% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for UNIT.

Uniti Group updated its FY 2022 earnings guidance on Thursday, August, 18th. The company provided EPS guidance of $1.65-$1.72 for the period. The company issued revenue guidance of $1.12 billion-$1.14 billion, compared to the consensus revenue estimate of $1.13 billion.

Based on aggregate information from My MarketBeat watchlists, some companies that other Uniti Group investors own include Energy Transfer (ET), AT&T (T), New Residential Investment (NRZ), Ford Motor (F), Lumen Technologies (LUMN), Annaly Capital Management (NLY), Windstream (WIN), Enterprise Products Partners (EPD), Macquarie Infrastructure (MIC) and Omega Healthcare Investors (OHI).

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

Uniti Group's stock is owned by a number of institutional and retail investors. Top institutional investors include State Street Corp (3.86%), Allianz Asset Management GmbH (3.42%), FMR LLC (1.32%), Northern Trust Corp (1.01%), Principal Financial Group Inc. (0.62%) and Millennium Management LLC (0.00%).
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Shares of UNIT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of UNIT stock can currently be purchased for approximately $10.13.

Uniti Group (NASDAQ:UNIT) has a market capitalization of $2.40 billion and generates $1.10 billion in revenue each year. The real estate investment trust earns $123.66 million in net income (profit) each year or $0.74 on an earnings per share basis.

The company employs 754 workers across the globe.

Uniti Group's mailing address is 10802 EXECUTIVE CENTER DRIVE BENTON BUILDING SUITE 300, LITTLE ROCK AR, 72211. The official website for the company is www.uniti.com. The real estate investment trust can be reached via phone at (501) 850-0820 or via email at investor.relations@cslreit.com.