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NASDAQ:UNITUniti Group Stock Price, Forecast & News

$9.69
-0.06 (-0.62 %)
(As of 08/14/2020 04:00 PM ET)
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Today's Range
$9.65
Now: $9.69
$9.91
50-Day Range
$8.87
MA: $9.54
$10.42
52-Week Range
$4.86
Now: $9.69
$11.08
Volume1.55 million shs
Average Volume2.56 million shs
Market Capitalization$1.88 billion
P/E RatioN/A
Dividend Yield6.15%
Beta0.97
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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Uniti Group logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.2Community Rank: 2.5Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.80 out of 5 stars


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$1.06 billion
Cash Flow$2.21 per share
Book Value($7.67) per share

Profitability

Net Income$10.58 million

Miscellaneous

Employees798
Market Cap$1.88 billion
Next Earnings Date11/5/2020 (Estimated)
OptionableOptionable
$9.69
-0.06 (-0.62 %)
(As of 08/14/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Uniti Group (NASDAQ:UNIT) Frequently Asked Questions

How has Uniti Group's stock been impacted by Coronavirus (COVID-19)?

Uniti Group's stock was trading at $8.88 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, UNIT stock has increased by 9.1% and is now trading at $9.69.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Uniti Group?

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

When is Uniti Group's next earnings date?

Uniti Group is scheduled to release its next quarterly earnings announcement on Thursday, November 5th 2020.
View our earnings forecast for Uniti Group
.

How were Uniti Group's earnings last quarter?

Uniti Group Inc (NASDAQ:UNIT) announced its quarterly earnings results on Monday, August, 10th. The real estate investment trust reported ($3.06) EPS for the quarter, missing the Zacks' consensus estimate of $0.48 by $3.54. 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
.

How often does Uniti Group pay dividends? What is the dividend yield for Uniti Group?

Uniti Group announced a quarterly dividend on Tuesday, August 4th. Stockholders of record on Friday, September 18th will be paid a dividend of $0.15 per share on Friday, October 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.19%. The ex-dividend date of this dividend is Thursday, September 17th.
View Uniti Group's dividend history
.

What guidance has Uniti Group issued on next quarter's earnings?

Uniti Group issued an update on its FY 2020 After-Hours earnings guidance on Monday, August, 10th. The company provided earnings per share guidance of 1.64-1.67 for the period. The company issued revenue guidance of $1.048-1.056 billion, compared to the consensus revenue estimate of $1.06 billion.

What price target have analysts set for UNIT?

6 Wall Street analysts have issued 12 month price targets for Uniti Group's shares. Their forecasts range from $6.00 to $15.00. On average, they anticipate Uniti Group's stock price to reach $10.17 in the next year. This suggests a possible upside of 4.9% from the stock's current price.
View analysts' price targets for Uniti Group
.

Has Uniti Group been receiving favorable news coverage?

News coverage about UNIT stock has been trending somewhat negative this week, according to InfoTrie Sentiment. The research firm ranks the sentiment of press coverage by analyzing more than six thousand blog and news 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 -1.8 on InfoTrie's scale. They also gave media stories about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days.
View the latest news about Uniti Group
.

Are investors shorting Uniti Group?

Uniti Group saw a drop in short interest in July. As of July 31st, there was short interest totaling 15,720,000 shares, a drop of 9.4% from the July 15th total of 17,350,000 shares. Based on an average trading volume of 2,120,000 shares, the short-interest ratio is presently 7.4 days. Approximately 9.0% of the company's shares are sold short.
View Uniti Group's Short Interest
.

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 following 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

What is Uniti Group's stock symbol?

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

Who are Uniti Group's major shareholders?

Uniti Group's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (15.90%), Goldman Sachs Group Inc. (1.75%), Bank of New York Mellon Corp (1.61%), Pacer Advisors Inc. (1.30%), Principal Financial Group Inc. (0.76%) and LSV Asset Management (0.73%).
View institutional ownership trends for Uniti Group
.

Which institutional investors are selling Uniti Group stock?

UNIT stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Advisors Asset Management Inc., Teachers Insurance & Annuity Association of America, Prudential Financial Inc., Advisor Group Holdings Inc., Texas Permanent School Fund, CWM Advisors LLC, and State of Tennessee Treasury Department.
View insider buying and selling activity for Uniti Group
.

Which institutional investors are buying Uniti Group stock?

UNIT stock was bought by a variety of institutional investors in the last quarter, including Pacer Advisors Inc., Vanguard Group Inc., Barclays PLC, LSV Asset Management, MERIAN GLOBAL INVESTORS UK Ltd, Alberta Investment Management Corp, SG Americas Securities LLC, and Nisa Investment Advisors LLC.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Uniti Group's stock price today?

One share of UNIT stock can currently be purchased for approximately $9.69.

How big of a company is Uniti Group?

Uniti Group has a market capitalization of $1.88 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.

What is Uniti Group's official website?

The official website for Uniti Group is 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]

This page was last updated on 8/14/2020 by MarketBeat.com Staff

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