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) released its quarterly earnings data on Monday, May, 11th. The real estate investment trust reported ($0.41) EPS for the quarter, missing analysts' consensus estimates of $0.40 by $0.81. The real estate investment trust earned $266.16 million during the quarter, compared to analysts' expectations 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 announced 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 annualized dividend and a yield of 7.27%. The ex-dividend date of this dividend is Thursday, June 25th. View Uniti Group's dividend history.

Uniti Group issued an update on its FY 2020 After-Hours earnings guidance on Monday, May, 11th. The company provided 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 brokers have issued 1-year price targets for Uniti Group's shares. Their forecasts range from $8.00 to $13.00. On average, they anticipate Uniti Group's stock 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.

News headlines about UNIT stock have trended somewhat positive this week, InfoTrie Sentiment reports. The research group ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Uniti Group earned a news impact score of 1.5 on InfoTrie's scale. They also assigned news headlines about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news aboutUniti Group.

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