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

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

Uniti Group declared a quarterly dividend on Wednesday, November 6th. Investors 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 8.04%. The ex-dividend date is Monday, December 30th. This is a positive change from Uniti Group's previous quarterly dividend of $0.05. View Uniti Group's Dividend History.

Uniti Group Inc (NASDAQ:UNIT) posted its earnings results on Thursday, November, 7th. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.44 by $0.54. The real estate investment trust earned $263.63 million during the quarter, compared to analysts' expectations of $270.14 million. Uniti Group had a net margin of 3.06% and a negative return on equity of 2.17%. 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 earnings per share (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.

4 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 share price to reach $11.50 in the next twelve months. This suggests a possible upside of 5.1% from the stock's current price. View Analyst Price Targets for Uniti Group.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Uniti Group in the last year. There are currently 3 sell ratings and 1 hold rating for the stock, resulting in a consensus recommendation of "Sell." View Analyst Ratings for Uniti Group.

Headlines about UNIT stock have been trending extremely negative recently, InfoTrie Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Uniti Group earned a daily sentiment score of -4.0 on InfoTrie's scale. They also gave media coverage about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent news 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 drop in short interest in January. As of January 31st, there was short interest totalling 29,990,000 shares, a drop of 6.8% from the January 15th total of 32,170,000 shares. Based on an average trading volume of 3,324,700 shares, the days-to-cover ratio is currently 9.0 days. Currently, 17.1% of the company's stock are sold short. View Uniti Group's Current Options Chain.

Some companies that are related to Uniti Group include AmeriCold Realty Trust (COLD), Healthcare Trust Of America (HTA), American Campus Communities (ACC), Cousins Properties (CUZ), CubeSmart (CUBE), Brixmor Property Group (BRX), Rexford Industrial Realty (REXR), First Industrial Realty Trust (FR), JBG SMITH Properties (JBGS), Howard Hughes (HHC), Eastgroup Properties (EGP), Blackstone Mortgage Trust (BXMT), Life Storage (LSI), Highwoods Properties (HIW) and EPR Properties (EPR).

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), 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 many different of retail and institutional investors. Top institutional investors include Credit Suisse AG (4.02%), Searchlight Capital Partners L.P. (3.70%), State Street Corp (3.30%), Bank of New York Mellon Corp (1.64%), Geode Capital Management LLC (1.45%) and Charles Schwab Investment Management Inc. (1.32%). View Institutional Ownership Trends for Uniti Group.

UNIT stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Credit Suisse AG, American International Group Inc., Bank of Montreal Can, SG Americas Securities LLC, Advisors Asset Management Inc., Alliancebernstein L.P. and AQR Capital Management LLC. View Insider Buying and Selling for Uniti Group.

UNIT stock was bought by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Jacobs Levy Equity Management Inc., State Street Corp, Thrivent Financial for Lutherans, Public Sector Pension Investment Board, Pacer Advisors Inc., Charles Schwab Investment Management Inc. and Bank of New York Mellon Corp. 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 $10.94.

Uniti Group has a market capitalization of $2.11 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]