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 stock has decreased by 0.1% and is now trading at $8.87. 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 6th 2020. View our earnings forecast for Uniti Group.

Uniti Group will be holding an earnings conference call on Thursday, August 6th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Uniti Group Inc (NASDAQ:UNIT) issued its quarterly earnings data on Monday, May, 11th. The real estate investment trust reported ($0.41) EPS for the quarter, missing the consensus estimate of $0.40 by $0.81. The real estate investment trust earned $266.16 million during the quarter, compared to the consensus estimate 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 announced a quarterly dividend on Monday, May 11th. Stockholders 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 dividend yield of 6.76%. The ex-dividend date is Thursday, June 25th. View Uniti Group's dividend history.

Uniti Group updated 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 analysts have issued 12 month target prices for Uniti Group's stock. Their forecasts range from $8.00 to $13.00. On average, they expect Uniti Group's stock price to reach $11.00 in the next twelve months. This suggests a possible upside of 24.0% from the stock's current price. View analysts' price targets for Uniti Group.

Press coverage about UNIT stock has been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded 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 1.7 on InfoTrie's scale. They also gave news coverage about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the near future. View the latest news about Uniti Group.

Uniti Group saw a decrease in short interest in June. As of June 30th, there was short interest totaling 15,720,000 shares, a decrease of 13.6% from the June 15th total of 18,200,000 shares. Based on an average daily volume of 2,540,000 shares, the days-to-cover ratio is currently 6.2 days. Approximately 9.0% of the shares of the stock are sold short. View Uniti Group's Current Options Chain.

Some companies that are related to Uniti Group include AGNC Investment (AGNC), Gaming and Leisure Properties (GLPI), Omega Healthcare Investors (OHI), Vornado Realty Trust (VNO), Vereit (VER), Kilroy Realty (KRC), Lamar Advertising (LAMR), Federal Realty Investment Trust (FRT), National Retail Properties (NNN), Klepierre (KLPEF), Healthcare Trust Of America (HTA), Apartment Investment and Management (AIV), Store Capital (STOR), CubeSmart (CUBE) and Douglas Emmett (DEI). 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 variety of institutional and retail investors. Top institutional shareholders include MERIAN GLOBAL INVESTORS UK Ltd (0.25%), State of Alaska Department of Revenue (0.12%) and Corrado Advisors LLC (0.01%). View institutional ownership trends for Uniti Group.

UNIT stock was bought by a variety of institutional investors in the last quarter, including MERIAN GLOBAL INVESTORS UK Ltd, Corrado Advisors LLC, and State of Alaska Department of Revenue. 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 $8.87.

Uniti Group has a market capitalization of $1.72 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]