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About Uniti Group (NASDAQ:UNIT)
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 December 31, 2017, Uniti owns 4.9 million fiber strand miles, approximately 700 wireless towers, and other communications real estate throughout the United States and Latin America. Additional information about Uniti can be found on its website at www.uniti.com.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
SymbolNASDAQ:UNIT
CUSIPN/A
Phone501-850-0820
Debt
Debt-to-Equity Ratio-0.04
Current Ratio0.03
Quick Ratio0.03
Price-To-Earnings
Trailing P/E Ratio7.98
Forward P/E Ratio8.00
P/E Growth0.91
Sales & Book Value
Annual Sales$916.03 million
Price / Sales3.85
Cash Flow$2.4926 per share
Price / Cash8.06
Book Value($7.24) per share
Price / Book-2.77
Profitability
EPS (Most Recent Fiscal Year)$2.51
Net Income$-9,430,000.00
Net Margins0.75%
Return on Equity-0.60%
Return on Assets0.17%
Miscellaneous
Employees654
Outstanding Shares175,700,000
Uniti Group (NASDAQ:UNIT) Frequently Asked Questions
What is Uniti Group's stock symbol?
Uniti Group trades on the NASDAQ under the ticker symbol "UNIT."
How often does Uniti Group pay dividends? What is the dividend yield for Uniti Group?
Uniti Group declared a quarterly dividend on Thursday, May 10th. Stockholders of record on Friday, June 29th will be paid a dividend of $0.60 per share on Friday, July 13th. This represents a $2.40 annualized dividend and a dividend yield of 11.95%. The ex-dividend date of this dividend is Thursday, June 28th. View Uniti Group's Dividend History.
How were Uniti Group's earnings last quarter?
Uniti Group Inc. (NASDAQ:UNIT) released its quarterly earnings data on Thursday, May, 10th. The real estate investment trust reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.01 by $0.02. The real estate investment trust had revenue of $246.90 million for the quarter, compared to analyst estimates of $247.08 million. Uniti Group had a negative return on equity of 0.60% and a net margin of 0.75%. The firm's revenue was up 16.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.65 EPS. View Uniti Group's Earnings History.
When is Uniti Group's next earnings date?
What guidance has Uniti Group issued on next quarter's earnings?
Uniti Group updated its FY18 earnings guidance on Thursday, May, 10th. The company provided earnings per share guidance of $2.54-2.59 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.15. The company issued revenue guidance of $1.006-1.016 billion, compared to the consensus revenue estimate of $1.01 billion.
What price target have analysts set for UNIT?
7 analysts have issued 1 year price objectives for Uniti Group's stock. Their forecasts range from $18.00 to $31.00. On average, they expect Uniti Group's share price to reach $25.6667 in the next year. View Analyst Ratings for Uniti Group.
Are investors shorting Uniti Group?
Uniti Group saw a decrease in short interest during the month of April. As of April 30th, there was short interest totalling 25,389,437 shares, a decrease of 7.6% from the April 13th total of 27,477,511 shares. Based on an average trading volume of 1,673,321 shares, the days-to-cover ratio is presently 15.2 days. Currently, 15.6% of the shares of the company are short sold.
Who are some of Uniti Group's key competitors?
Some companies that are related to Uniti Group include Gecina (GECFF), Alexandria Real Estate Equities (ARE), Vornado Realty Trust (VNO), Klépierre (KLPEF), Annaly Capital Management (NLY), Extra Space Storage (EXR), Sino Land (SNLAY), HCP (HCP), Mid-America Apartment Communities (MAA), Duke Realty (DRE), Regency Centers (REG), United Dominion Realty Trust (UDR), Iron Mountain (IRM), Federal Realty Investment Trust (FRT) and SL Green Realty (SLG).
Who are Uniti Group's key executives?
Uniti Group's management team includes the folowing people:
- Mr. Kenneth A. Gunderman, Pres, CEO & Director (Age 47)
- Mr. Mark A. Wallace CPA, Exec. VP, Treasurer & CFO (Age 61)
- Mr. Daniel L. Heard, Exec. VP, Gen. Counsel & Sec. (Age 43)
- Mr. Ronald J. Mudry, Chief Revenue Officer & Sr. VP (Age 56)
- Mr. Blake Schuhmacher, Principal Accounting Officer, VP & Controller (Age 40)
Has Uniti Group been receiving favorable news coverage?
Headlines about UNIT stock have trended somewhat negative recently, Accern reports. The research group ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Uniti Group earned a news sentiment score of -0.19 on Accern's scale. They also assigned media headlines about the real estate investment trust an impact score of 46.46 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near future.
Who are Uniti Group's major shareholders?
Uniti Group's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Thompson Siegel & Walmsley LLC (3.25%), OppenheimerFunds Inc. (2.29%), Barclays PLC (1.59%), Sylebra HK Co Ltd (1.27%), Dimensional Fund Advisors LP (1.22%) and Northern Trust Corp (0.75%). Company insiders that own Uniti Group stock include Blake Schuhmacher, Daniel L Heard, David L Solomon and Kenny Gunderman. View Institutional Ownership Trends for Uniti Group.
Which major investors are selling Uniti Group stock?
UNIT stock was sold by a variety of institutional investors in the last quarter, including OppenheimerFunds Inc., Forsta AP Fonden, Prudential Financial Inc., Reaves W H & Co. Inc., Stephens Inc. AR, Royal Bank of Canada, PVG Asset Management Corp and Rational Advisors LLC. View Insider Buying and Selling for Uniti Group.
Which major investors are buying Uniti Group stock?
UNIT stock was acquired by a variety of institutional investors in the last quarter, including Sylebra HK Co Ltd, Barclays PLC, Thompson Siegel & Walmsley LLC, Millennium Management LLC, Akanthos Capital Management LLC, Blackstone Group L.P., CQS Cayman LP and Global X Management Co. LLC. Company insiders that have bought Uniti Group stock in the last two years include Blake Schuhmacher, Daniel L Heard, David L Solomon and Kenny Gunderman. View Insider Buying and Selling for Uniti Group.
How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.
What is Uniti Group's stock price today?
One share of UNIT stock can currently be purchased for approximately $20.09.
How big of a company is Uniti Group?
Uniti Group has a market capitalization of $3.52 billion and generates $916.03 million in revenue each year. The real estate investment trust earns $-9,430,000.00 in net income (profit) each year or $2.51 on an earnings per share basis. Uniti Group employs 654 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 real estate investment trust can be reached via phone at 501-850-0820 or via email at [email protected]
MarketBeat Community Rating for Uniti Group (UNIT)
MarketBeat's community ratings are surveys of what our community members think about Uniti Group and other stocks. Vote "Outperform" if you believe UNIT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe UNIT will underperform the S&P 500 over the long term. You may vote once every thirty days.
Uniti Group (NASDAQ:UNIT) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
7 Wall Street analysts have issued ratings and price targets for Uniti Group in the last 12 months. Their average twelve-month price target is $25.6667, suggesting that the stock has a possible upside of 27.76%. The high price target for UNIT is $31.00 and the low price target for UNIT is $18.00. There are currently 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Buy | Buy | Buy |
| Consensus Rating Score: | 2.43 | 2.57 | 2.57 | 2.67 |
| Ratings Breakdown: | 0 Sell Rating(s)
4 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $25.6667 | $26.00 | $26.6667 | $27.1429 |
| Price Target Upside: | 27.76% upside | 76.99% upside | 61.91% upside | 64.80% upside |
Uniti Group (NASDAQ:UNIT) Consensus Price Target History
Uniti Group (NASDAQ:UNIT) Analyst Ratings History
Show:
(Data available from 5/23/2016 forward)
Uniti Group (NASDAQ:UNIT) Dividend Information
Uniti Group pays an annual dividend of $2.40 per share, with a dividend yield of 11.95%. UNIT's next quarterly dividend payment will be made on Friday, July 13. Uniti Group pays out 95.62% of its earnings out as a dividend.
| Next Dividend: | 7/13/2018 |
| Annual Dividend: | $2.40 |
| Dividend Yield: | 11.95% |
| Payout Ratio(s): | 95.62% (Trailing 12 Months of Earnings)
95.62% (Based on This Year's Estimates)
92.31% (Based on Next Year's Estimates)
96.29% (Based on Cash Flow)
|
Uniti Group (NASDAQ:UNIT) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 5/10/2018 | quarterly | $0.60 | 12.27% | 6/28/2018 | 6/29/2018 | 7/13/2018 |
| 2/8/2018 | quarterly | $0.60 | 16.94% | 3/28/2018 | 3/30/2018 | 4/13/2018 |
| 10/31/2017 | Quarterly | $0.60 | | 12/28/2017 | 12/29/2017 | 1/12/2018 |
| 8/3/2017 | Quarterly | $0.60 | | 9/28/2017 | 9/29/2017 | 10/13/2017 |
| 5/4/2017 | quarterly | $0.60 | 9.49% | 6/28/2017 | 6/30/2017 | 7/14/2017 |
| 2/15/2017 | quarterly | $0.60 | 9.09% | 3/29/2017 | 3/31/2017 | 4/14/2017 |
| 11/9/2016 | Quarterly | $0.60 | | 12/28/2016 | 12/30/2016 | 1/13/2017 |
| 9/1/2016 | Quarterly | $0.60 | | 9/28/2016 | 9/30/2016 | 10/14/2016 |
| 5/11/2016 | Quarterly | $0.60 | | 6/28/2016 | 6/30/2016 | 7/15/2016 |
| 3/2/2016 | Quarterly | $0.60 | | 3/29/2016 | 3/31/2016 | 4/15/2016 |
| 11/9/2015 | Quarterly | $0.60 | | 12/29/2015 | 12/31/2015 | 1/15/2016 |
| 8/11/2015 | | $0.60 | | 9/28/2015 | 9/30/2015 | 10/15/2015 |
| 5/7/2015 | special | $0.4418 | | 6/26/2015 | 6/30/2015 | 7/15/2015 |
(Data available from 1/1/2013 forward)
Uniti Group (NASDAQ UNIT) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.42%
Institutional Ownership Percentage: 72.75%
Uniti Group (NASDAQ UNIT) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 8/23/2017 | David L Solomon | Director | Buy | 1,300 | $19.10 | $24,830.00 | 20,137 |  |
| 8/21/2017 | Kenny Gunderman | Insider | Buy | 4,000 | $18.88 | $75,520.00 | 271,553 | |
| 8/18/2017 | Blake Schuhmacher | Insider | Buy | 500 | $18.98 | $9,490.00 | 16,673 | |
| 8/17/2017 | Kenny Gunderman | Insider | Buy | 2,000 | $19.23 | $38,460.00 | 267,553 | |
| 8/15/2017 | Daniel L Heard | EVP | Buy | 5,400 | $18.54 | $100,116.00 | 40,793 | |
| 8/14/2017 | Kenny Gunderman | Insider | Buy | 2,500 | $19.48 | $48,700.00 | 266,553 | |
| 5/12/2017 | Kenny Gunderman | Insider | Buy | 14,500 | $24.15 | $350,175.00 | 262,053 | |
(Data available from 1/1/2013 forward)
Uniti Group (NASDAQ UNIT) News Headlines
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Uniti Group (NASDAQ:UNIT) SEC Filings
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Uniti Group (NASDAQ:UNIT) Income Statement, Balance Sheet and Cash Flow Statement
Uniti Group (NASDAQ UNIT) Stock Chart for Wednesday, May, 23, 2018
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