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 (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.

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 13th 2020. View our earnings forecast for Uniti Group.

Uniti Group Inc (NASDAQ:UNIT) posted its earnings results 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 had revenue of $266.16 million for the quarter, compared to analyst estimates 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.

Uniti Group declared a quarterly dividend on Monday, May 11th. Shareholders of record on Friday, June 26th will be paid 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 7.27%. The ex-dividend date of this dividend 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 1 year price targets for Uniti Group's stock. Their forecasts range from $8.00 to $13.00. On average, they expect Uniti Group's share 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.

Media coverage about UNIT stock has trended somewhat positive this week, InfoTrie reports. InfoTrie rates the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Uniti Group earned a news sentiment score of 2.0 on InfoTrie's scale. They also assigned news articles about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news aboutUniti Group.

Some companies that are related to Uniti Group include Vereit (VER), Klepierre (KLPEF), Federal Realty Investment Trust (FRT), Healthcare Trust Of America (HTA), Apartment Investment and Management (AIV), CubeSmart (CUBE), National Retail Properties (NNN), Douglas Emmett (DEI), Kimco Realty (KIM), First Industrial Realty Trust (FR), CoreSite Realty (COR), Store Capital (STOR), Eastgroup Properties (EGP), Cousins Properties (CUZ) and Rexford Industrial Realty (REXR). 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 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.

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.

UNIT stock was acquired 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.

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 $8.25.

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.

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]