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

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

Uniti Group announced a quarterly dividend on Wednesday, November 6th. Shareholders 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 annualized dividend and a yield of 13.37%. 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) issued its quarterly earnings data on Thursday, November, 7th. The real estate investment trust reported ($0.10) EPS for the quarter, missing the Zacks' consensus estimate of $0.44 by $0.54. The real estate investment trust had revenue of $263.63 million for 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 EPS 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 equities research analysts have issued 12-month price objectives 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 95.0% 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 headlines about UNIT stock have been trending negative on Friday, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Uniti Group earned a media sentiment score of -2.8 on InfoTrie's scale. They also assigned news articles about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent media 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 increase in short interest during the month of December. As of December 31st, there was short interest totalling 32,170,000 shares, an increase of 12.8% from the December 15th total of 28,510,000 shares. Based on an average daily trading volume, of 3,130,000 shares, the days-to-cover ratio is currently 10.3 days. Approximately 18.4% of the company's shares are short sold. View Uniti Group's Current Options Chain.

Some companies that are related to Uniti Group include Ryman Hospitality Properties (RHP), Healthcare Realty Trust (HR), Stag Industrial (STAG), PS Business Parks (PSB), Sabra Health Care REIT (SBRA), CoreSite Realty (COR), Outfront Media (OUT), Two Harbors Investment (TWO), Rayonier (RYN), Equity Commonwealth (EQC), Weingarten Realty Investors (WRI), CHIMERA INVT CO/SH NEW (CIM), Hospitality Properties Trust (SVC), National Health Investors (NHI) and MGM Growth Properties (MGP).

Based on aggregate information from My MarketBeat watchlists, some companies that other Uniti Group investors own include Energy Transfer LP Unit (ET), AT&T (T), New Residential Investment (NRZ), Windstream (WIN), Omega Healthcare Investors (OHI), Ford Motor (F), Centurylink (CTL), Frontier Communications (FTR), ANNALY CAP MGMT/SH (NLY) and Prospect Capital (PSEC).

Uniti Group's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include State of Alaska Department of Revenue (0.10%), Nisa Investment Advisors LLC (0.10%), Louisiana State Employees Retirement System (0.03%), TIAA FSB (0.03%), Steward Partners Investment Advisory LLC (0.02%) and Alpine Global Management LLC (0.01%). View Institutional Ownership Trends for Uniti Group.

UNIT stock was sold by a variety of institutional investors in the last quarter, including Steward Partners Investment Advisory LLC, Raymond James Trust N.A. and TIAA FSB. View Insider Buying and Selling for Uniti Group.

UNIT stock was acquired by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Nisa Investment Advisors LLC, Alpine Global Management LLC, Louisiana State Employees Retirement System, Clear Street Markets LLC, Beech Hill Advisors Inc. and Zurcher Kantonalbank Zurich Cantonalbank . 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 $6.58.

Uniti Group has a market capitalization of $1.27 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]