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NASDAQ:UNIT

Uniti Group Stock Forecast, Price & News

$11.20
+0.64 (+6.06 %)
(As of 12/4/2020 12:00 AM ET)
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Today's Range
$10.52
Now: $11.20
$11.34
50-Day Range
$8.82
MA: $9.90
$10.73
52-Week Range
$4.86
Now: $11.20
$11.34
Volume2.34 million shs
Average Volume2.31 million shs
Market Capitalization$2.61 billion
P/E RatioN/A
Dividend Yield5.68%
Beta0.86
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 June 30, 2020, Uniti owns 6.5 million fiber strand miles and other communications real estate throughout the United States.
Uniti Group logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.1Community Rank: 2.5Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.73 out of 5 stars


Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:UNIT
Previous SymbolNASDAQ:CSALV
CUSIPN/A
Phone501-850-0820
Employees899

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.06 billion
Cash Flow$2.65 per share
Book Value($7.67) per share

Profitability

Net Income$10.58 million

Miscellaneous

Market Cap$2.61 billion
Next Earnings Date3/11/2021 (Estimated)
OptionableOptionable
$11.20
+0.64 (+6.06 %)
(As of 12/4/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Uniti Group (NASDAQ:UNIT) Frequently Asked Questions

How has Uniti Group's stock price been impacted by COVID-19 (Coronavirus)?

Uniti Group's stock was trading at $8.88 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, UNIT shares have increased by 26.1% and is now trading at $11.20.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Uniti Group?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Uniti Group in the last year. There are currently 1 sell rating, 5 hold ratings, 1 buy rating and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Uniti Group
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Uniti Group?

Wall Street analysts have given Uniti Group a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Uniti Group wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Uniti Group's next earnings date?

Uniti Group is scheduled to release its next quarterly earnings announcement on Thursday, March 11th 2021.
View our earnings forecast for Uniti Group
.

How were Uniti Group's earnings last quarter?

Uniti Group Inc. (NASDAQ:UNIT) issued its quarterly earnings data on Monday, November, 9th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.35 by $0.31.
View Uniti Group's earnings history
.

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

Uniti Group declared a quarterly dividend on Thursday, November 5th. Stockholders of record on Tuesday, December 15th will be paid a dividend of $0.15 per share on Monday, January 4th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.36%. The ex-dividend date is Monday, December 14th.
View Uniti Group's dividend history
.

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

Uniti Group issued an update on its FY 2020 After-Hours earnings guidance on Monday, November, 9th. The company provided earnings per share (EPS) guidance of 1.69-1.73 for the period. The company issued revenue guidance of $1.055-1.063 billion, compared to the consensus revenue estimate of $1.05 billion.

What price target have analysts set for UNIT?

8 equities research analysts have issued 12-month price targets for Uniti Group's shares. Their forecasts range from $6.00 to $16.00. On average, they anticipate Uniti Group's stock price to reach $10.29 in the next year. This suggests that the stock has a possible downside of 8.2%.
View analysts' price targets for Uniti Group
.

Who are some of Uniti Group's key competitors?

What other stocks do shareholders of Uniti Group own?

Who are Uniti Group's key executives?

Uniti Group's management team includes the following people:
  • Mr. Kenneth A. Gunderman, Pres, CEO & Director (Age 49, Pay $1.76M)
  • Mr. Mark A. Wallace CPA, Exec. VP, CFO & Treasurer (Age 63, Pay $895.49k)
  • Mr. Daniel L. Heard, Exec. VP, Gen. Counsel & Sec. (Age 45, Pay $744.01k)
  • Mr. Michael Friloux, Sr. VP & Chief Technology Officer
  • Mr. Blake Schuhmacher, Chief Accounting Officer & Sr. VP (Age 42)
  • Mr. Bill DiTullio, VP of Fin. & Investor Relations
  • Mr. Arnoud D. Krijt, Sr. VP of Corp. Devel.
  • Ms. Jennifer Ragsdale, Sr. VP of HR
  • Mr. Ronald J. Mudry, Chief Revenue Officer & Sr. VP (Age 58)
  • Mr. Andy Newton, Pres of Uniti Fiber

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 number of retail and institutional investors. Top institutional investors include BlackRock Inc. (12.46%), Elliott Investment Management L.P. (8.80%), Allianz Asset Management GmbH (3.33%), State Street Corp (2.70%), Charles Schwab Investment Management Inc. (1.39%) and JPMorgan Chase & Co. (0.86%).
View institutional ownership trends for Uniti Group
.

Which institutional investors are selling Uniti Group stock?

UNIT stock was sold by a variety of institutional investors in the last quarter, including Sylebra Capital Ltd, Pacer Advisors Inc., BlackRock Inc., Morgan Stanley, State Street Corp, Great West Life Assurance Co. Can, Charles Schwab Investment Management Inc., and SG Americas Securities LLC.
View insider buying and selling activity for Uniti Group
.

Which institutional investors are buying Uniti Group stock?

UNIT stock was acquired by a variety of institutional investors in the last quarter, including Elliott Investment Management L.P., Allianz Asset Management GmbH, BNP Paribas Arbitrage SA, JPMorgan Chase & Co., Wells Fargo & Company MN, Scion Asset Management LLC, Jupiter Asset Management Ltd., and State of New Jersey Common Pension Fund D.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Uniti Group's stock price today?

One share of UNIT stock can currently be purchased for approximately $11.20.

How big of a company is Uniti Group?

Uniti Group has a market capitalization of $2.61 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 899 workers across the globe.

What is Uniti Group's official website?

The official website for Uniti Group is www.uniti.com.

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]

This page was last updated on 12/5/2020 by MarketBeat.com Staff

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