Uniti Group (UNIT) Stock Price, News & Analysis

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Uniti Group in the last twelve months. There are currently 1 sell rating, 1 hold rating and 1 buy rating 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 analysts have issued 1-year target prices for Uniti Group's stock. Their UNIT share price targets range from $3.50 to $10.00. On average, they expect the company's share price to reach $5.75 in the next year. This suggests a possible upside of 8.3% from the stock's current price.
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Uniti Group's stock was trading at $5.78 at the beginning of 2024. Since then, UNIT stock has decreased by 8.1% and is now trading at $5.31.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our UNIT earnings forecast.

Uniti Group Inc. (NASDAQ:UNIT) released its quarterly earnings results on Thursday, May, 5th. The real estate investment trust reported $0.21 EPS for the quarter, missing analysts' consensus estimates of $0.41 by $0.20. The real estate investment trust had revenue of $278 million for the quarter, compared to analyst estimates of $278.94 million. Uniti Group's revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 earnings per share.

Uniti Group announced a quarterly dividend on Thursday, February 22nd. Investors of record on Thursday, March 28th will be paid a dividend of $0.15 per share on Friday, April 12th. This represents a $0.60 dividend on an annualized basis and a yield of 11.30%. The ex-dividend date is Wednesday, March 27th.
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 11.17%. 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.

ETFs with the largest weight of Uniti Group (NASDAQ:UNIT) stock in their portfolio include Roundhill IO Digital Infrastructure ETF (BYTE), Invesco KBW Premium Yield Equity REIT ETF (KBWY), IQ CBRE NextGen Real Estate ETF (ROOF), Global X Data Center & Digital Infrastructure ETF (VPN), ALPS REIT Dividend Dogs ETF (RDOG), Pacer Data & Infrastructure Real Estate ETF (SRVR), Hoya Capital High Dividend Yield ETF (RIET) and Invesco Russell 2000 Dynamic Multifactor ETF (OMFS).

Uniti Group updated its FY 2024 earnings guidance on Thursday, February, 29th. The company provided earnings per share (EPS) guidance of 1.290-1.360 for the period, compared to the consensus estimate of 1.170. The company issued revenue guidance of $1.2 billion-$1.2 billion, compared to the consensus revenue estimate of $1.2 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's stock is owned by a number of retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.03%), Diversified Trust Co (0.03%) and GAMMA Investing LLC (0.00%).
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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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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