Uniti Group Inc. (UNIT)
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]
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 StatementsAnalyst 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.
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...
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...
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...
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
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...
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 ...
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...
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...
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...
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...
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, ...
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...
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...
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 ...
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...
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...
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
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 ...
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...
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...
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 Roughed-Up REITs With 11%+ Average Yields
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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...
Sell These 11 REITs While You Still Can
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