Uniti Group - UNIT Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Uniti Group in the last year. There are currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" UNIT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in UNIT, but not buy additional shares or sell existing shares.
View UNIT analyst ratings or view top-rated stocks.

3 Wall Street research analysts have issued 12-month price targets for Uniti Group's shares. Their UNIT share price forecasts range from $8.00 to $10.00. On average, they anticipate the company's share price to reach $8.75 in the next twelve months. This suggests a possible upside of 20.5% from the stock's current price.
View analysts price targets for UNIT or view top-rated stocks among Wall Street analysts.

Uniti Group's stock was trading at $14.01 at the beginning of the year. Since then, UNIT stock has decreased by 48.2% and is now trading at $7.26.
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The company is scheduled to release its next quarterly earnings announcement on Friday, February 24th 2023.
View our UNIT earnings forecast.

Uniti Group Inc. (NASDAQ:UNIT) issued its earnings results on Thursday, May, 5th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.41 by $0.20. The real estate investment trust had revenue of $278 million for the quarter, compared to analysts' expectations of $278.94 million. Uniti Group had a negative trailing twelve-month return on equity of 8.82% and a negative net margin of 1.21%. Uniti Group's revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 EPS.

Uniti Group declared a quarterly dividend on Tuesday, November 1st. Stockholders of record on Friday, December 16th will be paid a dividend of $0.15 per share on Friday, December 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.26%. The ex-dividend date of this dividend is Thursday, December 15th.
Read our dividend analysis for UNIT.

Uniti Group (NASDAQ:UNIT) pays an annual dividend of $0.60 per share and currently has a dividend yield of 8.04%. UNIT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for UNIT.

Uniti Group issued an update on its FY 2022 earnings guidance on Thursday, November, 10th. The company provided EPS guidance of $1.65-$1.72 for the period. The company issued revenue guidance of $1.12 billion-$1.14 billion, compared to the consensus revenue estimate of $1.13 billion.

Based on aggregate information from My MarketBeat watchlists, some companies that other Uniti Group investors own include Energy Transfer (ET), AT&T (T), New Residential Investment (NRZ), Ford Motor (F), Lumen Technologies (LUMN), Annaly Capital Management (NLY), Windstream (WIN), Enterprise Products Partners (EPD), Macquarie Infrastructure (MIC) and Omega Healthcare Investors (OHI).

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. (16.00%), Vanguard Group Inc. (15.93%), Elliott Investment Management L.P. (5.98%), State Street Corp (3.92%), Allianz Asset Management GmbH (3.47%) and LSV Asset Management (2.96%).
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Shares of UNIT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of UNIT stock can currently be purchased for approximately $7.26.

Uniti Group (NASDAQ:UNIT) has a market capitalization of $1.72 billion and generates $1.10 billion in revenue each year. The real estate investment trust earns $123.66 million in net income (profit) each year or ($0.09) on an earnings per share basis.

The company employs 754 workers across the globe.

Uniti Group's mailing address is 10802 EXECUTIVE CENTER DRIVE BENTON BUILDING SUITE 300, LITTLE ROCK AR, 72211. The official website for the company is www.uniti.com. The real estate investment trust can be reached via phone at (501) 850-0820 or via email at investor.relations@cslreit.com.