Uniti Group - UNIT Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Uniti Group in the last twelve months. There are currently 1 sell rating, 4 hold ratings, 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" UNIT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in UNIT, but not buy additional shares or sell existing shares.
View UNIT analyst ratings or view top-rated stocks.

7 Wall Street analysts have issued 1-year target prices for Uniti Group's shares. Their UNIT share price forecasts range from $6.00 to $9.00. On average, they anticipate the company's share price to reach $7.46 in the next year. This suggests a possible upside of 113.3% from the stock's current price.
View analysts price targets for UNIT or view top-rated stocks among Wall Street analysts.

Uniti Group's stock was trading at $5.53 at the beginning of 2023. Since then, UNIT stock has decreased by 36.7% and is now trading at $3.50.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our UNIT earnings forecast.

Uniti Group Inc. (NASDAQ:UNIT) issued its quarterly earnings data on Thursday, May, 5th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.41 by $0.20. The real estate investment trust earned $278 million during the quarter, compared to the consensus estimate of $278.94 million. Uniti Group had a negative trailing twelve-month return on equity of 8.82% and a negative net margin of 0.76%. Uniti Group's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 EPS.

Uniti Group announced a quarterly dividend on Thursday, February 23rd. Investors of record on Friday, March 31st will be paid a dividend of $0.15 per share on Friday, April 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 17.14%. The ex-dividend date is Thursday, March 30th.
Read our dividend analysis for UNIT.

ETFs with the largest weight of Uniti Group (NASDAQ:UNIT) stock in their portfolio include Roundhill IO Digital Infrastructure ETF (BYTE), Pacer Data & Infrastructure Real Estate ETF (SRVR), Invesco KBW Premium Yield Equity REIT ETF (KBWY), Global X Data Center REITs & Digital Infrastructure ETF (VPN), ALPS REIT Dividend Dogs ETF (RDOG), IQ CBRE NextGen Real Estate ETF (ROOF), Hoya Capital High Dividend Yield ETF (RIET) and Invesco Raymond James SB-1 Equity ETF (RYJ).

Uniti Group (NASDAQ:UNIT) pays an annual dividend of $0.60 per share and currently has a dividend yield of 17.80%. UNIT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for UNIT.

Uniti Group updated its FY 2023 earnings guidance on Friday, February, 24th. The company provided earnings per share guidance of $1.26-$1.33 for the period, compared to the consensus estimate of $1.56. The company issued revenue guidance of $1.15 billion-$1.17 billion, compared to the consensus revenue estimate of $1.16 billion.

Based on aggregate information from My MarketBeat watchlists, some companies that other Uniti Group investors own include Energy Transfer (ET), AT&T (T), New Residential Investment (NRZ), Ford Motor (F), Lumen Technologies (LUMN), Annaly Capital Management (NLY), Windstream (WIN), Enterprise Products Partners (EPD), Macquarie Infrastructure (MIC) and Omega Healthcare Investors (OHI).

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

Uniti Group's stock is owned by many different retail and institutional investors. Top institutional investors include Pacer Advisors Inc. (2.89%), LSV Asset Management (2.88%), Geode Capital Management LLC (2.14%), Charles Schwab Investment Management Inc. (1.95%), Dimensional Fund Advisors LP (1.30%) and Morgan Stanley (1.06%).
View institutional ownership trends.

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.
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One share of UNIT stock can currently be purchased for approximately $3.50.

Uniti Group (NASDAQ:UNIT) has a market capitalization of $830.39 million and generates $1.13 billion in revenue each year. The real estate investment trust earns $-8,270,000.00 in net income (profit) each year or ($0.11) on an earnings per share basis.

The company employs 754 workers across the globe.

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.