Uniti Group Inc. (UNIT)

NASDAQ: UNIT · Real-Time Price · USD
5.72
+0.13 (2.33%)
Nov 18, 2024, 4:00 PM EST - Market closed
2.33%
Market Cap 1.40B
Revenue (ttm) 1.16B
Net Income (ttm) 100.71M
Shares Out 244.11M
EPS (ttm) 0.42
PE Ratio 13.46
Forward PE 14.80
Dividend $0.60 (10.49%)
Ex-Dividend Date Jun 14, 2024
Volume 1,971,868
Open 5.61
Previous Close 5.59
Day's Range 5.54 - 5.74
52-Week Range 2.57 - 6.71
Beta 1.33
Analysts Buy
Price Target 7.17 (+25.35%)
Earnings Date Oct 31, 2024

About UNIT

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 fiber and other wireless solutions for the communications industry. As of December 31, 2023, Uniti owns approximately 140,000 fiber route miles, 8.5 million fiber strand miles, and other communications real estate throughout the United States. [Read more]

Sector Real Estate
Founded 2015
Employees 813
Stock Exchange NASDAQ
Ticker Symbol UNIT
Full Company Profile

Financial Performance

In 2023, Uniti Group's revenue was $1.15 billion, an increase of 1.86% compared to the previous year's $1.13 billion. Losses were -$82.94 million, 779.5% more than in 2022.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for UNIT stock is "Buy." The 12-month stock price forecast is $7.17, which is an increase of 25.35% from the latest price.

Price Target
$7.17
(25.35% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Uniti Group Inc. to Participate at Nareit's REITworld 2024 Annual Conference

LITTLE ROCK, Ark., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that its President and Chief Executive Officer, Kenny Gunderman, and Vice President, Inve...

13 days ago - GlobeNewsWire

Uniti Group: Q3 Earnings, Buying As Share Plummet

Shares of Uniti Group plunged after management announced financial results for the third quarter of the company's 2024 fiscal year and provided guidance for 2024. A change regarding a material issue l...

18 days ago - Seeking Alpha

Uniti Group Inc. (UNIT) Q3 2024 Earnings Call Transcript

Uniti Group Inc. (NASDAQ:UNIT) Q3 2024 Earnings Conference Call October 30, 2024 8:30 AM ET Company Participants Bill DiTullio - VP, IR Kenny Gunderman - CEO Paul Bullington - CFO Conference Call Par...

18 days ago - Seeking Alpha

Uniti Group Inc. Reports Third Quarter 2024 Results

Third Quarter Consolidated Bookings Monthly Recurring Revenue of $0.9 Million Increased Over 20% From Prior Year

18 days ago - GlobeNewsWire

Uniti Announces New Montgomery Infrastructure Award with Large Hyperscaler

LITTLE ROCK, Ark., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) is pleased to announce a new 20-year contract award from a strategic hyperscale customer in Montgomery, A...

4 weeks ago - GlobeNewsWire

Uniti Group Inc. to Deliver Keynote Presentation at the 2024 INCOMPAS Show

LITTLE ROCK, Ark., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that its President and Chief Executive Officer, Kenny Gunderman, is scheduled to deliver ...

4 weeks ago - GlobeNewsWire

Uniti Group Inc. To Report Third Quarter 2024 Financial Results and Host Conference Call

LITTLE ROCK, Ark., Oct. 03, 2024 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that it will report its third quarter 2024 financial results prior to the opening of trad...

6 weeks ago - GlobeNewsWire

Uniti Group Inc. Announces Pricing of Windstream Refinancing Transactions

Windstream Will Amend Credit Agreement to Allow Collapse of Dual Debt Silos Upon Closing of Planned Merger Windstream Will Amend Credit Agreement to Allow Collapse of Dual Debt Silos Upon Closing of P...

7 weeks ago - GlobeNewsWire

Uniti Group Inc. Announces Successful Completion of Windstream's Consent Solicitation for Senior First Lien Notes Due 2028

Windstream's Indenture Will Now Allow for Collapse of Dual Debt Silos Upon Closing of Planned Merger Windstream's Indenture Will Now Allow for Collapse of Dual Debt Silos Upon Closing of Planned Merge...

2 months ago - GlobeNewsWire

Uniti Group Inc. to Present at the RBC Capital Markets 2024 Global Communications Infrastructure Conference

LITTLE ROCK, Ark., Sept. 11, 2024 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that its President and Chief Executive Officer, Kenny Gunderman, is scheduled to present...

2 months ago - GlobeNewsWire

Uniti Group Inc. to Present at the Deutsche Bank 32nd Annual Leveraged Finance Conference

LITTLE ROCK, Ark., Sept. 10, 2024 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that its Senior Vice President, Chief Financial Officer and Treasurer, Paul Bullington, ...

2 months ago - GlobeNewsWire

Wall Street's Most Accurate Analysts Weigh In On 3 Real Estate Stocks With Over 7% Dividend Yields

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...

Other symbols: CLPRDEA
2 months ago - Benzinga

Uniti Group Inc. to Participate at the Citi 2024 Global TMT Conference

LITTLE ROCK, Ark., Aug. 21, 2024 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that its Senior Vice President, Chief Financial Officer and Treasurer, Paul Bullington, a...

3 months ago - GlobeNewsWire

Uniti Group Inc. to Present at the BofA Securities 2024 Media, Communications and Entertainment Conference

LITTLE ROCK, Ark., Aug. 20, 2024 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that its President and Chief Executive Officer, Kenny Gunderman, is scheduled to present ...

3 months ago - GlobeNewsWire

Uniti Group's Upside Is Potentially Massive

Uniti Group continues to trade at a big discount following news that the firm would be merging with Windstream. Despite some profitability metrics declining, Uniti Group's revenue has increased, and t...

3 months ago - Seeking Alpha

Uniti Group Inc. (UNIT) Q2 2024 Earnings Call Transcript

Uniti Group Inc. (NASDAQ:UNIT) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Bill DiTullio - VP, IR Kenny Gunderman - CEO Paul Bullington - CFO Drew Smith - CFO, Win...

3 months ago - Seeking Alpha

Uniti Group Inc. Reports Second Quarter 2024 Results

Second Quarter Consolidated Bookings Monthly Recurring Revenue of $1.1 Million Increased Approximately 50% From Prior Year

3 months ago - GlobeNewsWire

Uniti Group Inc. to Present at the TD Cowen 10th Annual Communications Infrastructure Summit

LITTLE ROCK, Ark., July 30, 2024 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that its President and Chief Executive Officer, Kenny Gunderman, is scheduled to present ...

3 months ago - GlobeNewsWire

Let The REIT Rally Begin

REITs are finally surging! Interest rates are expected to be cut significantly in the near term. I explain why I think that this is just the beginning of the rally.

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4 months ago - Seeking Alpha

Forget The Fed, REITs Will Win In A 'Higher For Longer' Environment

Many investors think that Fed controls the destiny of REITs. If rates remain high, REITs are screwed. If they are cut, REITs will recover. I disagree. Here's why I expect REITs to thrive even in a "hi...

Other symbols: BXCPTEPRTFRMPWVICIVNQ
4 months ago - Seeking Alpha

Uniti Group: 17% Yield Bonds Offer A Better Play Than The Stock

We had rated Uniti Group Inc. as a Sell in December 2023 and May 2024. We go over why we are now upgrading this to a Hold. We tell you why a bounce is very probable and why bullish investors should st...

4 months ago - Seeking Alpha

Uniti Group Inc. To Report Second Quarter 2024 Financial Results and Host Conference Call

LITTLE ROCK, Ark., July 01, 2024 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that it will report its second quarter 2024 financial results prior to the opening of tra...

5 months ago - GlobeNewsWire

5 Roughed-Up REITs With 11%+ Average Yields

I love the economics of real estate. But a landlord I'm not.

Other symbols: GMREGOODHIWOUT
5 months ago - Forbes

The State Of REITs: June 2024 Edition

After a rough start to the year, REITs partially bounced back in May with a +2.51% average total return. Small-cap REITs (-0.48%) averaged a negative return in May, but micro caps (+5.09%), large caps...

5 months ago - Seeking Alpha

Sell These 11 REITs While You Still Can

The next two to five years probably will not be kind to REITs. Weak REITs with messy balance sheets, weak forecast for FFO growth, unsafe dividends, and/or overvaluation are likely to suffer the most ...

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5 months ago - Seeking Alpha