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MU   65.04 (+4.36%)
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NASDAQ:UNIT

Uniti Group - UNIT Stock Forecast, Price & News

$10.12
+0.01 (+0.10%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$10.06
$10.26
50-Day Range
$9.12
$11.42
52-Week Range
$9.10
$14.60
Volume
1.70 million shs
Average Volume
1.62 million shs
Market Capitalization
$2.40 billion
P/E Ratio
13.68
Dividend Yield
5.93%
Price Target
N/A

Uniti Group MarketRank™ Forecast

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
4.66% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.47mentions of Uniti Group in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
1.78%
From $1.69 to $1.72 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.72 out of 5 stars

Finance Sector

220th out of 918 stocks

Real Estate Investment Trusts Industry

43rd out of 195 stocks

UNIT stock logo

About Uniti Group (NASDAQ:UNIT) Stock

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 September 30, 2020, Uniti owns 6.7 million fiber strand miles and other communications real estate throughout the United States.

Uniti Group Stock Performance

Uniti Group stock traded up $0.01 during mid-day trading on Friday, reaching $10.12. 51,457 shares of the company were exchanged, compared to its average volume of 1,245,231. The firm has a market cap of $2.40 billion, a P/E ratio of 13.78, a PEG ratio of 0.55 and a beta of 1.02. Uniti Group has a 12-month low of $9.10 and a 12-month high of $14.60. The business has a fifty day moving average of $9.93 and a 200 day moving average of $11.54.

Uniti Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, September 9th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.93%. The ex-dividend date is Thursday, September 8th. Uniti Group's payout ratio is currently 81.08%.

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UNIT Stock News Headlines

Uniti Group Q1 2022 Earnings Preview
Uniti Group declares $0.15 dividend
Unusual Options Activity Insight: Uniti Group
Uniti Group launches nationwide dark fiber services
Uniti Group sets $250M equity sales agreement
Uniti Group, Inc. to Host Earnings Call
Uniti Group Q4 Earnings Preview
Uniti Group +2.9% as Cowen boosts to Outperform
The Old Dividend Is Never Ever Coming Back At Uniti
When Should You Buy Uniti Group Inc. (NASDAQ:UNIT)?
Uniti closes $2.25B in refinancing
See More Headlines
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UNIT Company Calendar

Last Earnings
5/05/2022
Ex-Dividend for 7/1 Dividend
6/16/2022
Dividend Payable
7/01/2022
Today
8/12/2022
Ex-Dividend for 9/23 Dividend
9/08/2022
Dividend Payable
9/23/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:UNIT
Previous Symbol
NASDAQ:CSALV
Fax
N/A
Employees
754
Year Founded
N/A

Profitability

Net Income
$123.66 million
Pretax Margin
16.00%

Debt

Sales & Book Value

Annual Sales
$1.10 billion
Cash Flow
$1.83 per share
Book Value
($8.75) per share

Miscellaneous

Free Float
235,543,000
Market Cap
$2.40 billion
Optionable
Optionable
Beta
1.02

Key Executives

  • Mr. Kenneth A. Gunderman (Age 51)
    Pres, CEO & Director
    Comp: $1.88M
  • Mr. Paul Bullington (Age 49)
    Sr. VP, CFO & Treasurer
    Comp: $702.51k
  • Mr. Daniel L. Heard (Age 47)
    Exec. VP, Gen. Counsel & Sec.
    Comp: $923.54k
  • Mr. Travis T. Black (Age 40)
    Interim Principal Accounting Officer
  • Mr. Michael Friloux (Age 57)
    Exec. VP & Chief Technology Officer
  • Ms. Jennifer Ragsdale
    Sr. VP & Chief Admin. Officer
  • Mr. Bill DiTullio
    VP of Fin. & Investor Relations
  • Mr. Ronald J. Mudry (Age 60)
    Chief Revenue Officer & Sr. VP
  • Mr. Joseph E. McCourt Jr. (Age 60)
    Sr. VP of Enterprise Operations - Uniti Fiber
  • Ms. Cathy De La Garza
    Sr. VP of Order Management & Service Delivery - Uniti Fiber













UNIT Stock - Frequently Asked Questions

How have UNIT shares performed in 2022?

Uniti Group's stock was trading at $14.01 at the beginning of 2022. Since then, UNIT shares have decreased by 27.8% and is now trading at $10.12.
View the best growth stocks for 2022 here
.

When is Uniti Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our UNIT earnings forecast
.

How were Uniti Group's earnings last quarter?

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

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

Uniti Group announced a quarterly dividend on Monday, August 1st. Stockholders 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 5.93%. The ex-dividend date of this dividend is Thursday, September 8th.
Read our dividend analysis for UNIT
.

Is Uniti Group a good dividend stock?

Uniti Group (NASDAQ:UNIT) pays an annual dividend of $0.60 per share and currently has a dividend yield of 5.92%. 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 34.88% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for UNIT.

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

Uniti Group issued an update on its FY 2022 earnings guidance on Thursday, August, 11th. The company provided earnings per share (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.

What other stocks do shareholders of Uniti Group own?

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 FMR LLC (1.32%), Principal Financial Group Inc. (0.62%), JPMorgan Chase & Co. (0.48%), ARS Investment Partners LLC (0.38%), Rhumbline Advisers (0.31%) and Franklin Resources Inc. (0.31%).
View institutional ownership trends
.

How do I buy shares of Uniti Group?

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.
Compare Top Brokerages Here.

What is Uniti Group's stock price today?

One share of UNIT stock can currently be purchased for approximately $10.12.

How much money does Uniti Group make?

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.

How many employees does Uniti Group have?

The company employs 754 workers across the globe.

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 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.

This page (NASDAQ:UNIT) was last updated on 8/12/2022 by MarketBeat.com Staff

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