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. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.22 per share on Wednesday, January 15th. This represents a $0.88 dividend on an annualized basis and a yield of 11.79%. The ex-dividend date of this dividend is Monday, December 30th. This is a boost from Uniti Group's previous quarterly dividend of $0.05. View Uniti Group's Dividend History.

Uniti Group Inc (NASDAQ:UNIT) issued its quarterly earnings results on Thursday, November, 7th. The real estate investment trust reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of $0.44 by $0.54. The real estate investment trust had revenue of $263.63 million for 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.

Uniti Group updated its FY 2019 After-Hours earnings guidance on Monday, November, 25th. The company provided earnings per share (EPS) guidance of $2.07-2.12 for the period. The company issued revenue guidance of $$1.059-1.069 billion, compared to the consensus revenue estimate of $$1.07 billion.

8 brokers have issued 12-month target prices for Uniti Group's shares. Their forecasts range from $7.00 to $23.00. On average, they expect Uniti Group's share price to reach $12.83 in the next twelve months. This suggests a possible upside of 71.9% from the stock's current price. View Analyst Price Targets 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.

Media coverage about UNIT stock has been trending positive on Monday, according to InfoTrie. 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 3.0 on InfoTrie's scale. They also assigned media stories about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for Uniti Group.

Uniti Group saw a increase in short interest in the month of December. As of December 31st, there was short interest totalling 32,170,000 shares, an increase of 12.8% from the December 15th total of 28,510,000 shares. Based on an average trading volume of 3,130,000 shares, the days-to-cover ratio is presently 10.3 days. Approximately 18.4% of the shares of the stock are short sold. View Uniti Group's Current Options Chain.

Some companies that are related to Uniti Group include EPR Properties (EPR), JBG SMITH Properties (JBGS), First Industrial Realty Trust (FR), Howard Hughes (HHC), Life Storage (LSI), Rexford Industrial Realty (REXR), Eastgroup Properties (EGP), Highwoods Properties (HIW), Blackstone Mortgage Trust (BXMT), Ryman Hospitality Properties (RHP), PS Business Parks (PSB), Stag Industrial (STAG), Healthcare Realty Trust (HR), Sabra Health Care REIT (SBRA) and CoreSite Realty (COR).

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

Uniti Group's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include State of Alaska Department of Revenue (0.10%), Nisa Investment Advisors LLC (0.10%), Louisiana State Employees Retirement System (0.03%), TIAA FSB (0.03%), Steward Partners Investment Advisory LLC (0.02%) and Alpine Global Management LLC (0.01%). View Institutional Ownership Trends for Uniti Group.

UNIT stock was sold by a variety of institutional investors in the last quarter, including Steward Partners Investment Advisory LLC, Raymond James Trust N.A. and TIAA FSB. View Insider Buying and Selling for Uniti Group.

UNIT stock was purchased by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Nisa Investment Advisors LLC, Alpine Global Management LLC, Louisiana State Employees Retirement System, Clear Street Markets LLC and Beech Hill Advisors Inc.. 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 $7.47.

Uniti Group has a market capitalization of $1.44 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]