NASDAQ:UNITUniti Group Stock Price, Forecast & News

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 (WHO). Since then, UNIT shares have decreased by 2.9% and is now trading at $8.62. View which stocks have been most 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, 1 buy rating and 1 strong buy rating 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, August 13th 2020. View our earnings forecast for Uniti Group.

Uniti Group Inc (NASDAQ:UNIT) issued its quarterly earnings data on Monday, May, 11th. The real estate investment trust reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by $0.81. The real estate investment trust earned $266.16 million during the quarter, compared to analyst estimates of $262.85 million. Uniti Group had a negative net margin of 6.69% and a negative return on equity of 0.60%. View Uniti Group's earnings history.

Uniti Group announced a quarterly dividend on Monday, May 11th. Stockholders of record on Friday, June 26th will be given a dividend of $0.15 per share on Friday, July 10th. This represents a $0.60 annualized dividend and a yield of 6.96%. The ex-dividend date is Thursday, June 25th. View Uniti Group's dividend history.

Uniti Group issued an update on its FY 2020 After-Hours earnings guidance on Monday, May, 11th. The company provided earnings per share (EPS) guidance of 1.73-1.76 for the period. The company issued revenue guidance of $1.05-1.058 billion, compared to the consensus revenue estimate of $1.1 billion.

3 brokerages have issued 12 month price objectives for Uniti Group's stock. Their forecasts range from $8.00 to $13.00. On average, they anticipate Uniti Group's stock price to reach $11.33 in the next year. This suggests a possible upside of 31.5% from the stock's current price. View analysts' price targets for Uniti Group.

News stories about UNIT stock have trended very positive this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Uniti Group earned a news sentiment score of 4.0 on InfoTrie's scale. They also assigned news articles about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the immediate future. View the latest news aboutUniti Group.

Some companies that are related to Uniti Group include Vornado Realty Trust (VNO), Kilroy Realty (KRC), Federal Realty Investment Trust (FRT), Vereit (VER), Healthcare Trust Of America (HTA), Apartment Investment and Management (AIV), National Retail Properties (NNN), CubeSmart (CUBE), Kimco Realty (KIM), Douglas Emmett (DEI), Klepierre (KLPEF), CoreSite Realty (COR), First Industrial Realty Trust (FR), Store Capital (STOR) and Rexford Industrial Realty (REXR). View all competitors.

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), Ford Motor (F), Windstream (WIN), ANNALY CAP MGMT/SH (NLY), Omega Healthcare Investors (OHI), Centurylink (CTL), AGNC Investment (AGNC) and Frontier Communications (FTR).

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

Uniti Group's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (14.87%), State Street Corp (3.51%), Mason Capital Management LLC (2.58%), Bank of New York Mellon Corp (1.59%), Geode Capital Management LLC (1.44%) and Invesco Ltd. (1.36%). View institutional ownership trends for Uniti Group.

UNIT stock was sold by a variety of institutional investors in the last quarter, including Canada Pension Plan Investment Board, Mason Capital Management LLC, Two Sigma Investments LP, BlackRock Inc., Mackay Shields LLC, Advisors Asset Management Inc., Morgan Stanley, and Two Sigma Advisers LP. View insider buying and selling activity for Uniti Group.

UNIT stock was acquired by a variety of institutional investors in the last quarter, including Pacer Advisors Inc., State Street Corp, Nuveen Asset Management LLC, MERIAN GLOBAL INVESTORS UK Ltd, Balyasny Asset Management LLC, SG Americas Securities LLC, Voloridge Investment Management LLC, and Teachers Insurance & Annuity Association of America. View insider buying and selling activity 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 $8.62.

Uniti Group has a market capitalization of $1.67 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.

The official website for Uniti Group is 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]