NASDAQ:UNIT - Uniti Group Stock Price, Forecast & News

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

Uniti Group declared a quarterly dividend on Wednesday, November 6th. Stockholders 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 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) posted its earnings results on Thursday, November, 7th. The real estate investment trust reported ($0.10) EPS 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 the consensus estimate 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 updated its FY 2019 After-Hours earnings guidance on Monday, November, 25th. The company provided earnings per share 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 analysts have issued 12-month price targets for Uniti Group's shares. Their forecasts range from $7.00 to $23.00. On average, they anticipate Uniti Group's stock price to reach $12.83 in the next year. 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.

Media coverage about UNIT stock has trended somewhat negative on Monday, according to InfoTrie Sentiment. The research firm identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Uniti Group earned a coverage optimism score of -1.4 on InfoTrie's scale. They also gave media stories about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for Uniti Group.

Uniti Group saw a decrease in short interest in the month of January. As of January 31st, there was short interest totalling 29,990,000 shares, a decrease 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. Currently, 17.1% of the shares of the stock are short sold. View Uniti Group's Current Options Chain.

Some companies that are related to Uniti Group include 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), Eastgroup Properties (EGP), EPR Properties (EPR), Life Storage (LSI), Highwoods Properties (HIW), Blackstone Mortgage Trust (BXMT), Howard Hughes (HHC), Ryman Hospitality Properties (RHP) 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), Centurylink (CTL), Ford Motor (F), Frontier Communications (FTR), ANNALY CAP MGMT/SH (NLY) and Prospect Capital (PSEC).

Uniti Group's stock is owned by many different of institutional and retail investors. Top institutional investors 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.

Uniti Group has a market capitalization of $1.71 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]