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 yield of 9.94%. The ex-dividend date of this dividend is Monday, December 30th. This is a boost from Uniti Group's previous quarterly dividend of $0.05. View Uniti Group's Dividend History.

Uniti Group Inc (NASDAQ:UNIT) issued 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 Thomson Reuters' consensus estimate of $0.44 by $0.54. The real estate investment trust earned $263.63 million during the quarter, compared to the consensus estimate of $270.14 million. 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 updated 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 brokers have issued 1-year price targets for Uniti Group's shares. 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 twelve months. This suggests a possible upside of 45.0% 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.

News stories about UNIT stock have been trending negative on Sunday, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Uniti Group earned a news sentiment score of -2.3 on InfoTrie's scale. They also gave news coverage 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 effect on the company's share price in the immediate future. View News Stories for Uniti Group.

Uniti Group saw a drop in short interest during 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 trading volume of 3,324,700 shares, the days-to-cover ratio is presently 9.0 days. Currently, 17.1% of the company's shares are sold short. View Uniti Group's Current Options Chain.

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), Centurylink (CTL), Ford Motor (F), 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%), Charles Schwab Investment Management Inc. (1.32%) and Principal Financial Group Inc. (0.80%). 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., AQR Capital Management LLC and ARP Americas LP. 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 $8.85.