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

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$10.20 +0.20 (+2.00 %)
(As of 03/21/2019 04:00 PM ET)
Previous Close$10.00
Today's Range$9.33 - $10.22
52-Week Range$8.06 - $23.42
Volume8.24 million shs
Average Volume5.39 million shs
Market Capitalization$1.87 billion
P/E Ratio4.06
Dividend Yield24.00%
Beta1.04
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 September 30, 2018, Uniti owns 5.4 million fiber strand miles, approximately 850 wireless towers, and other communications real estate throughout the United States and Latin America.

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Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.02 billion
Cash Flow$2.8492 per share
Book Value($6.88) per share

Profitability

Net Income$-9,430,000.00

Miscellaneous

EmployeesN/A
Market Cap$1.87 billion
Next Earnings Date5/9/2019 (Estimated)
OptionableOptionable

Uniti Group (NASDAQ:UNIT) Frequently Asked Questions

What is Uniti Group's stock symbol?

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

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

Uniti Group declared a quarterly dividend on Thursday, March 21st. Investors of record on Monday, April 1st will be paid a dividend of $0.05 per share on Monday, April 15th. This represents a $0.20 annualized dividend and a yield of 1.96%. The ex-dividend date is Friday, March 29th. View Uniti Group's Dividend History.

How were Uniti Group's earnings last quarter?

Uniti Group Inc (NASDAQ:UNIT) posted its earnings results on Wednesday, March, 20th. The real estate investment trust reported $0.05 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.63 by $0.58. The real estate investment trust had revenue of $270.75 million for the quarter, compared to analyst estimates of $267 million. Uniti Group had a net margin of 1.11% and a negative return on equity of 0.84%. The firm's revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.64 EPS. View Uniti Group's Earnings History.

When is Uniti Group's next earnings date?

Uniti Group is scheduled to release their next quarterly earnings announcement on Thursday, May 9th 2019. View Earnings Estimates for Uniti Group.

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

Uniti Group issued an update on its FY19 earnings guidance on Wednesday, March, 20th. The company provided earnings per share (EPS) guidance of $2.23-2.29 for the period, compared to the Thomson Reuters consensus estimate of $2.31. The company issued revenue guidance of $1.08-1.089 billion, compared to the consensus revenue estimate of $1.09 billion.

What price target have analysts set for UNIT?

8 brokerages have issued 1-year price objectives for Uniti Group's shares. Their predictions range from $7.00 to $28.00. On average, they anticipate Uniti Group's stock price to reach $17.8571 in the next year. This suggests a possible upside of 75.1% from the stock's current price. View Analyst Price Targets for Uniti Group.

What is the consensus analysts' recommendation 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.

Has Uniti Group been receiving favorable news coverage?

Media headlines about UNIT stock have been trending negative on Thursday, InfoTrie reports. InfoTrie identifies positive and negative press 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 five, with scores closest to five being the most favorable. Uniti Group earned a news impact score of -2.0 on InfoTrie's scale. They also assigned news coverage about the real estate investment trust a news buzz of 4.0 out of 10, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near future.

Are investors shorting Uniti Group?

Uniti Group saw a increase in short interest in February. As of February 28th, there was short interest totalling 19,914,801 shares, an increase of 45.2% from the February 15th total of 13,710,713 shares. Based on an average daily trading volume, of 20,770,166 shares, the short-interest ratio is currently 1.0 days. Currently, 11.6% of the shares of the company are short sold. View Uniti Group's Current Options Chain.

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 folowing people:
  • Mr. Kenneth A. Gunderman, Pres, CEO & Director (Age 48)
  • Mr. Mark A. Wallace CPA, Exec. VP, CFO & Treasurer (Age 62)
  • Mr. Daniel L. Heard, Exec. VP, Gen. Counsel & Sec. (Age 44)
  • Mr. Ronald J. Mudry, Chief Revenue Officer & Sr. VP (Age 57)
  • Mr. Blake Schuhmacher, Chief Accounting Officer, VP & Controller (Age 41)

Who are Uniti Group's major shareholders?

Uniti Group's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Bank of Montreal Can (2.39%), Nomura Holdings Inc. (1.64%), Bank of New York Mellon Corp (1.53%), Dimensional Fund Advisors LP (1.44%), Dimensional Fund Advisors LP (1.44%) and Toscafund Asset Management LLP (1.26%). Company insiders that own Uniti Group stock include Blake Schuhmacher, Daniel L Heard, David L Solomon and Kenny Gunderman. 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 Mackay Shields LLC, Bank of New York Mellon Corp, Prudential Financial Inc., Nordea Investment Management AB, Thrivent Financial for Lutherans, Reaves W H & Co. Inc., Gabelli Funds LLC and Financial & Investment Management Group Ltd.. View Insider Buying and Selling for Uniti Group.

Which institutional investors are buying Uniti Group stock?

UNIT stock was purchased by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Nomura Holdings Inc., Norges Bank, Oregon Public Employees Retirement Fund, LSV Asset Management, Toscafund Asset Management LLP, KBC Group NV and Geode Capital Management LLC. Company insiders that have bought Uniti Group stock in the last two years include Blake Schuhmacher, Daniel L Heard, David L Solomon and Kenny Gunderman. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Uniti Group's stock price today?

One share of UNIT stock can currently be purchased for approximately $10.20.

How big of a company is Uniti Group?

Uniti Group has a market capitalization of $1.87 billion and generates $1.02 billion in revenue each year. The real estate investment trust earns $-9,430,000.00 in net income (profit) each year or $2.51 on an earnings per share basis.

What is Uniti Group's official website?

The official website for Uniti Group is http://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]


MarketBeat Community Rating for Uniti Group (NASDAQ UNIT)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  345 (Vote Outperform)
Underperform Votes:  311 (Vote Underperform)
Total Votes:  656
MarketBeat's community ratings are surveys of what our community members think about Uniti Group and other stocks. Vote "Outperform" if you believe UNIT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe UNIT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/21/2019 by MarketBeat.com Staff

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