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NASDAQ:UNITUniti Group Stock Price, Forecast & News

$8.25
-0.09 (-1.08 %)
(As of 05/29/2020 04:00 PM ET)
Add
Compare
Today's Range
$8.07
Now: $8.25
$8.39
50-Day Range
$4.96
MA: $6.83
$8.62
52-Week Range
$4.86
Now: $8.25
$11.37
Volume3.25 million shs
Average Volume2.91 million shs
Market Capitalization$1.59 billion
P/E RatioN/A
Dividend Yield7.19%
Beta0.88
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: 3.5Community Rank: 2.5Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.07 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$2.42 per share
Book Value($8.26) per share

Profitability

Net Income$10.58 million

Miscellaneous

Employees798
Market Cap$1.59 billion
Next Earnings Date8/13/2020 (Estimated)
OptionableOptionable

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Uniti Group (NASDAQ:UNIT) Frequently Asked Questions

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

Uniti Group's stock was trading at $8.88 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, UNIT shares have decreased by 7.1% and is now trading at $8.25. View which stocks have been most impacted by Coronavirus.

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

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.

When is Uniti Group's next earnings date?

Uniti Group is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for Uniti Group.

How were Uniti Group's earnings last quarter?

Uniti Group Inc (NASDAQ:UNIT) posted its earnings results on Monday, May, 11th. The real estate investment trust reported ($0.41) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by $0.81. The real estate investment trust had revenue of $266.16 million for the quarter, compared to the consensus estimate of $262.85 million. Uniti Group had a negative return on equity of 0.60% and a negative net margin of 6.69%. 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 Monday, May 11th. Shareholders 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 yield of 7.27%. The ex-dividend date is Thursday, June 25th. 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, May, 11th. The company provided 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.

What price target have analysts set for UNIT?

3 Wall Street analysts have issued 12 month price targets 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 $11.33 in the next year. This suggests a possible upside of 37.4% from the stock's current price. View analysts' price targets for Uniti Group.

Has Uniti Group been receiving favorable news coverage?

Press coverage about UNIT stock has been trending extremely negative on Friday, InfoTrie Sentiment reports. The research firm ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Uniti Group earned a media sentiment score of -5.0 on InfoTrie's scale. They also gave news stories about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news aboutUniti Group.

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 investors include BlackRock Inc. (14.87%), State Street Corp (3.51%), Mason Capital Management LLC (2.58%), Bank of New York Mellon Corp (1.59%), Geode Capital Management LLC (1.44%) and Invesco Ltd. (1.36%). 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 Canada Pension Plan Investment Board, Mason Capital Management LLC, Two Sigma Investments LP, BlackRock Inc., Mackay Shields LLC, Advisors Asset Management Inc., Morgan Stanley, and Morgan Stanley. View insider buying and selling activity for Uniti Group.

Which institutional investors are buying Uniti Group stock?

UNIT stock was purchased by a variety of institutional investors in the last quarter, including Pacer Advisors Inc., State Street Corp, Nuveen Asset Management LLC, MERIAN GLOBAL INVESTORS UK Ltd, Balyasny Asset Management LLC, SG Americas Securities LLC, State of Tennessee Treasury Department, and Voloridge Investment Management 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 $8.25.

How big of a company is Uniti Group?

Uniti Group has a market capitalization of $1.59 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 5/29/2020 by MarketBeat.com Staff

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