NASDAQ:UNIT - Uniti Group Stock Price, Forecast & News

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

Uniti Group announced a quarterly dividend on Wednesday, November 6th. Investors of record on Tuesday, December 31st will be given a dividend of $0.22 per share on Wednesday, January 15th. This represents a $0.88 dividend on an annualized basis and a yield of 11.10%. The ex-dividend date is Monday, December 30th. This is an increase from Uniti Group's previous quarterly dividend of $0.05. View Uniti Group's Dividend History.

Uniti Group Inc (NASDAQ:UNIT) announced its quarterly earnings data on Thursday, November, 7th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by $0.54. The real estate investment trust earned $263.63 million during the quarter, compared to analyst estimates of $270.14 million. Uniti Group had a negative return on equity of 2.17% and a net margin of 3.06%. View Uniti Group's Earnings History.

Uniti Group is scheduled to release their next quarterly earnings announcement on Wednesday, March 18th 2020. View Earnings Estimates for Uniti Group.

Uniti Group issued an update on its FY 2019 After-Hours earnings guidance on Monday, November, 25th. The company provided EPS guidance of $2.07-2.12 for the period. The company issued revenue guidance of $$1.059-1.069 billion, compared to the consensus revenue estimate of $$1.07 billion.

8 Wall Street analysts have issued 12-month target prices for Uniti Group's stock. Their forecasts range from $7.00 to $23.00. On average, they expect Uniti Group's share price to reach $12.83 in the next year. This suggests a possible upside of 61.8% from the stock's current price. View Analyst Price Targets for Uniti Group.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Uniti Group in the last year. There are currently 4 sell ratings and 4 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Uniti Group.

Media headlines about UNIT stock have trended extremely negative recently, InfoTrie reports. The research firm rates the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Uniti Group earned a news impact score of -5.0 on InfoTrie's scale. They also gave news articles about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for Uniti Group.

Uniti Group saw a increase in short interest in the month of December. As of December 31st, there was short interest totalling 32,170,000 shares, an increase of 12.8% from the December 15th total of 28,510,000 shares. Based on an average trading volume of 3,130,000 shares, the short-interest ratio is presently 10.3 days. Currently, 18.4% of the company's stock are sold short. View Uniti Group's Current Options Chain.

Some companies that are related to Uniti Group include Healthcare Trust Of America (HTA), American Campus Communities (ACC), Brixmor Property Group (BRX), Cousins Properties (CUZ), CubeSmart (CUBE), EPR Properties (EPR), Howard Hughes (HHC), JBG SMITH Properties (JBGS), First Industrial Realty Trust (FR), Eastgroup Properties (EGP), Rexford Industrial Realty (REXR), Life Storage (LSI), Highwoods Properties (HIW), Blackstone Mortgage Trust (BXMT) and Ryman Hospitality Properties (RHP).

Based on aggregate information from My MarketBeat watchlists, some companies that other Uniti Group investors own include Energy Transfer LP Unit (ET), AT&T (T), New Residential Investment (NRZ), Windstream (WIN), Omega Healthcare Investors (OHI), Ford Motor (F), Centurylink (CTL), Frontier Communications (FTR), ANNALY CAP MGMT/SH (NLY) and Macquarie Infrastructure (MIC).

Uniti Group's stock is owned by many different of institutional and retail investors. Top institutional shareholders include State of Alaska Department of Revenue (0.10%), TIAA FSB (0.03%), Alpine Global Management LLC (0.01%), Raymond James Trust N.A. (0.01%) and Clear Street Markets LLC (0.01%). View Institutional Ownership Trends for Uniti Group.

UNIT stock was sold by a variety of institutional investors in the last quarter, including Raymond James Trust N.A. and TIAA FSB. View Insider Buying and Selling for Uniti Group.

UNIT stock was bought by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Alpine Global Management LLC and Clear Street Markets LLC. View Insider Buying and Selling 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 $7.93.

Uniti Group has a market capitalization of $1.53 billion and generates $1.02 billion in revenue each year. The real estate investment trust earns $16.19 million in net income (profit) each year or $2.51 on an earnings per share basis. Uniti Group employs 798 workers across the globe.View Additional Information About Uniti Group.

The official website for Uniti Group is http://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]