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

Uniti Group's stock was trading at $8.88 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, UNIT shares have decreased by 34.6% and is now trading at $5.81. View which stocks have been mosted 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 and 2 buy ratings 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, May 14th 2020. View our earnings forecast for Uniti Group.

Uniti Group Inc (NASDAQ:UNIT) released its earnings results on Thursday, March, 12th. The real estate investment trust reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.48 by $0.54. The real estate investment trust had revenue of $268.50 million for the quarter, compared to analyst estimates of $273.78 million. Uniti Group had a negative return on equity of 0.60% and a net margin of 0.84%. The company's revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.05 earnings per share. View Uniti Group's earnings history.

Uniti Group announced a quarterly dividend on Friday, February 28th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.15 per share on Wednesday, April 15th. This represents a $0.60 dividend on an annualized basis and a yield of 10.33%. The ex-dividend date of this dividend is Monday, March 30th. View Uniti Group's dividend history.

Uniti Group issued an update on its FY 2020 After-Hours earnings guidance on Thursday, March, 12th. The company provided earnings per share guidance of 1.79-1.85 for the period. The company issued revenue guidance of $1.116-1.128 billion, compared to the consensus revenue estimate of $1.05 billion.

3 analysts have issued 12 month target prices for Uniti Group's stock. Their forecasts range from $8.00 to $13.00. On average, they expect Uniti Group's share price to reach $11.33 in the next twelve months. This suggests a possible upside of 95.1% from the stock's current price. View analysts' price targets for Uniti Group.

Media stories about UNIT stock have trended very positive on Tuesday, according to InfoTrie. The research group identifies positive and negative press coverage by reviewing more than six thousand blog and news sources. 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 media sentiment score of 3.2 on InfoTrie's scale. They also assigned news articles about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutUniti Group.

Uniti Group saw a drop in short interest during the month of March. As of March 13th, there was short interest totaling 21,790,500 shares, a drop of 20.2% from the February 27th total of 27,310,000 shares. Based on an average daily trading volume, of 3,977,200 shares, the short-interest ratio is presently 5.5 days. Currently, 12.5% of the shares of the stock are sold short. View Uniti Group's Current Options Chain.

Some companies that are related to Uniti Group include Kimco Realty (KIM), Rexford Industrial Realty (REXR), Life Storage (LSI), Cousins Properties (CUZ), JBG SMITH Properties (JBGS), CoreSite Realty (COR), Eastgroup Properties (EGP), First Industrial Realty Trust (FR), American Campus Communities (ACC), Healthcare Realty Trust (HR), Equity Commonwealth (EQC), SL Green Realty (SLG), Starwood Property Trust (STWD), Highwoods Properties (HIW) and PS Business Parks (PSB).

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 AGNC Investment (AGNC).

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

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 $5.81.

Uniti Group has a market capitalization of $1.12 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. 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]