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PFE   50.73 (-0.35%)
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MSFT   250.20 (-1.89%)
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NVDA   166.10 (-1.58%)
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BABA   90.52 (+0.51%)
AMD   73.62 (-1.81%)
T   18.75 (-1.42%)
MU   54.04 (-1.17%)
CGC   4.32 (+0.70%)
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PYPL   73.62 (-1.39%)
PFE   50.73 (-0.35%)
NFLX   312.59 (-2.44%)
NASDAQ:UNIT

Uniti Group - UNIT Stock Forecast, Price & News

$7.26
-0.20 (-2.68%)
(As of 12/5/2022 12:00 AM ET)
Add
Compare
Today's Range
$7.19
$7.45
50-Day Range
$6.55
$7.79
52-Week Range
$6.35
$14.27
Volume
1.26 million shs
Average Volume
1.67 million shs
Market Capitalization
$1.72 billion
P/E Ratio
N/A
Dividend Yield
8.04%
Price Target
$8.75

Uniti Group MarketRank™ Forecast

Analyst Rating
Hold
1.67 Rating Score
Upside/​Downside
20.5% Upside
$8.75 Price Target
Short Interest
Bearish
4.76% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
4.73%
From $1.69 to $1.77 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.71 out of 5 stars

Finance Sector

791st out of 886 stocks

Real Estate Investment Trusts Industry

166th out of 193 stocks

UNIT stock logo

About Uniti Group (NASDAQ:UNIT) Stock

Uniti, an internally managed real estate investment trust, is engaged in the acquisition and construction of mission critical communications infrastructure, and is a leading provider of wireless infrastructure solutions for the communications industry. As of September 30, 2020, Uniti owns 6.7 million fiber strand miles and other communications real estate throughout the United States.

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UNIT Stock News Headlines

Uniti Group Q1 2022 Earnings Preview
Uniti Group declares $0.15 dividend
Unusual Options Activity Insight: Uniti Group
Uniti Group launches nationwide dark fiber services
Uniti Group sets $250M equity sales agreement
Uniti Group, Inc. to Host Earnings Call
Uniti Group Q4 Earnings Preview
Uniti Group +2.9% as Cowen boosts to Outperform
The Old Dividend Is Never Ever Coming Back At Uniti
When Should You Buy Uniti Group Inc. (NASDAQ:UNIT)?
See More Headlines
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UNIT Company Calendar

Last Earnings
5/05/2022
Ex-Dividend for 9/23 Dividend
9/08/2022
Dividend Payable
9/23/2022
Today
12/05/2022
Ex-Dividend for 12/30 Dividend
12/15/2022
Dividend Payable
12/30/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/24/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:UNIT
Previous Symbol
NASDAQ:CSALV
Fax
N/A
Employees
754
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$8.75
High Stock Price Forecast
$10.00
Low Stock Price Forecast
$8.00
Forecasted Upside/Downside
+20.5%
Consensus Rating
Hold
Rating Score (0-4)
1.67
Research Coverage
3 Analysts

Profitability

Net Income
$123.66 million
Pretax Margin
-2.71%

Debt

Sales & Book Value

Annual Sales
$1.10 billion
Cash Flow
$1.78 per share
Book Value
($8.95) per share

Miscellaneous

Free Float
235,492,000
Market Cap
$1.72 billion
Optionable
Optionable
Beta
1.12

Key Executives

  • Mr. Kenneth A. Gunderman (Age 51)
    Pres, CEO & Director
    Comp: $1.88M
  • Mr. Paul Bullington (Age 49)
    Sr. VP, CFO & Treasurer
    Comp: $702.51k
  • Mr. Daniel L. Heard (Age 47)
    Exec. VP, Gen. Counsel & Sec.
    Comp: $923.54k
  • Mr. Travis T. Black (Age 40)
    VP & Chief Accounting Officer
  • Mr. Michael Friloux (Age 57)
    Exec. VP & Chief Technology Officer
  • Mr. Ric Chura
    Sr. VP & Chief Information Officer
  • Ms. Jennifer Ragsdale
    Sr. VP & Chief Admin. Officer
  • Mr. Bill DiTullio
    VP of Fin. & Investor Relations
  • Mr. Ronald J. Mudry (Age 60)
    Chief Revenue Officer & Sr. VP
  • Mr. Joseph E. McCourt Jr. (Age 60)
    Sr. VP of Enterprise Operations - Uniti Fiber













UNIT Stock - Frequently Asked Questions

Should I buy or sell Uniti Group stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Uniti Group in the last year. There are currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street 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.

What is Uniti Group's stock price forecast for 2023?

3 Wall Street research analysts have issued 12-month price targets for Uniti Group's shares. Their UNIT share price forecasts range from $8.00 to $10.00. On average, they anticipate the company's share price to reach $8.75 in the next twelve months. This suggests a possible upside of 20.5% from the stock's current price.
View analysts price targets for UNIT
or view top-rated stocks among Wall Street analysts.

How have UNIT shares performed in 2022?

Uniti Group's stock was trading at $14.01 at the beginning of the year. Since then, UNIT stock has decreased by 48.2% and is now trading at $7.26.
View the best growth stocks for 2022 here
.

When is Uniti Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, February 24th 2023.
View our UNIT earnings forecast
.

How were Uniti Group's earnings last quarter?

Uniti Group Inc. (NASDAQ:UNIT) issued its earnings results 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 had revenue of $278 million for the quarter, compared to analysts' expectations of $278.94 million. Uniti Group had a negative trailing twelve-month return on equity of 8.82% and a negative net margin of 1.21%. Uniti Group's revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 EPS.

How often does Uniti Group pay dividends? What is the dividend yield for Uniti Group?

Uniti Group declared a quarterly dividend on Tuesday, November 1st. Stockholders of record on Friday, December 16th will be paid a dividend of $0.15 per share on Friday, December 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.26%. The ex-dividend date of this dividend is Thursday, December 15th.
Read our dividend analysis for UNIT
.

Is Uniti Group a good dividend stock?

Uniti Group (NASDAQ:UNIT) pays an annual dividend of $0.60 per share and currently has a dividend yield of 8.04%. 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.

What guidance has Uniti Group issued on next quarter's earnings?

Uniti Group issued an update on its FY 2022 earnings guidance on Thursday, November, 10th. The company provided EPS guidance of $1.65-$1.72 for the period. The company issued revenue guidance of $1.12 billion-$1.14 billion, compared to the consensus revenue estimate of $1.13 billion.

What other stocks do shareholders of Uniti Group own?
What is Uniti Group's stock symbol?

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

Who are Uniti Group's major shareholders?

Uniti Group's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (16.00%), Vanguard Group Inc. (15.93%), Elliott Investment Management L.P. (5.98%), State Street Corp (3.92%), Allianz Asset Management GmbH (3.47%) and LSV Asset Management (2.96%).
View institutional ownership trends
.

How do I buy shares of Uniti Group?

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.
Compare Top Brokerages Here.

What is Uniti Group's stock price today?

One share of UNIT stock can currently be purchased for approximately $7.26.

How much money does Uniti Group make?

Uniti Group (NASDAQ:UNIT) has a market capitalization of $1.72 billion and generates $1.10 billion in revenue each year. The real estate investment trust earns $123.66 million in net income (profit) each year or ($0.09) on an earnings per share basis.

How many employees does Uniti Group have?

The company employs 754 workers across the globe.

How can I contact Uniti Group?

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.

This page (NASDAQ:UNIT) was last updated on 12/5/2022 by MarketBeat.com Staff