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. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.22 per share on Wednesday, January 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 8.04%. 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) released its quarterly earnings data on Thursday, November, 7th. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates 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 earnings per share (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.

4 Wall Street analysts have issued twelve-month price targets for Uniti Group's stock. Their forecasts range from $7.00 to $23.00. On average, they expect Uniti Group's stock price to reach $11.50 in the next twelve months. This suggests a possible upside of 5.1% from the stock's current price. View Analyst Price Targets for Uniti Group.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Uniti Group in the last year. There are currently 3 sell ratings and 1 hold rating for the stock, resulting in a consensus recommendation of "Sell." View Analyst Ratings for Uniti Group.

Press coverage about UNIT stock has been trending somewhat positive on Friday, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. 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 media sentiment score of 2.0 on InfoTrie's scale. They also gave media stories about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the next several days. View News Stories for Uniti Group.

Uniti Group saw a drop in short interest in the month of January. As of January 31st, there was short interest totalling 29,990,000 shares, a drop of 6.8% from the January 15th total of 32,170,000 shares. Based on an average daily volume of 3,324,700 shares, the short-interest ratio is currently 9.0 days. Approximately 17.1% of the company's shares are short sold. 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), CubeSmart (CUBE), Cousins Properties (CUZ), Brixmor Property Group (BRX), Rexford Industrial Realty (REXR), First Industrial Realty Trust (FR), JBG SMITH Properties (JBGS), Life Storage (LSI), Eastgroup Properties (EGP), Howard Hughes (HHC), EPR Properties (EPR), Blackstone Mortgage Trust (BXMT), Highwoods Properties (HIW) and Healthcare Realty Trust (HR).

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), Windstream (WIN), Omega Healthcare Investors (OHI), Ford Motor (F), Centurylink (CTL), Frontier Communications (FTR), ANNALY CAP MGMT/SH (NLY) and Prospect Capital (PSEC).

Uniti Group's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Credit Suisse AG (4.02%), Searchlight Capital Partners L.P. (3.70%), State Street Corp (3.30%), Bank of New York Mellon Corp (1.64%), Geode Capital Management LLC (1.45%) and Charles Schwab Investment Management Inc. (1.32%). View Institutional Ownership Trends for Uniti Group.

UNIT stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Credit Suisse AG, American International Group Inc., Bank of Montreal Can, SG Americas Securities LLC, Advisors Asset Management Inc., Alliancebernstein L.P. and AQR Capital Management LLC. View Insider Buying and Selling for Uniti Group.

UNIT stock was bought by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Jacobs Levy Equity Management Inc., State Street Corp, Thrivent Financial for Lutherans, Public Sector Pension Investment Board, Pacer Advisors Inc., Charles Schwab Investment Management Inc. and Bank of New York Mellon Corp. 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 $10.94.

Uniti Group has a market capitalization of $2.11 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]