Uniti Group Inc. (UNIT)

NASDAQ: UNIT · IEX Real-Time Price · USD
5.36
-0.01 (-0.19%)
Apr 17, 2024, 1:45 PM EDT - Market open
-0.19%
Market Cap 1.28B
Revenue (ttm) 1.15B
Net Income (ttm) -82.94M
Shares Out 238.75M
EPS (ttm) -0.35
PE Ratio n/a
Forward PE 10.94
Dividend $0.60 (11.19%)
Ex-Dividend Date Mar 27, 2024
Volume 279,835
Open 5.44
Previous Close 5.37
Day's Range 5.30 - 5.49
52-Week Range 2.94 - 6.71
Beta 1.43
Analysts Hold
Price Target 5.25 (-2.05%)
Earnings Date May 2, 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
CEO Kenneth A. Gunderman
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 6 analysts, the average rating for UNIT stock is "Hold." The 12-month stock price forecast is $5.25, which is a decrease of -2.05% from the latest price.

Price Target
$5.25
(-2.05% downside)
Analyst Consensus: Hold
Stock Forecasts

News

Uniti Group Inc. Releases 2023 Environmental, Social and Governance Report

LITTLE ROCK, Ark., April 11, 2024 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti” or the “Company”) (Nasdaq: UNIT) announced today the release of its 2023 Environmental, Social and Governance (“ESG”) Re...

6 days ago - GlobeNewsWire

Uniti Announces Network Expansion in Huntsville Through Large Hyperscaler Contract Award

LITTLE ROCK, Ark., April 10, 2024 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) is pleased to announce a significant network expansion in Huntsville, Alabama, one of Uniti's existing 3...

7 days ago - GlobeNewsWire

Uniti Group Inc. to Participate at the Deutsche Bank 32nd Annual Media, Internet & Telecom Conference

LITTLE ROCK, Ark., March 05, 2024 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that its Senior Vice President, Chief Financial Officer and Treasurer, Paul Bullington, ...

6 weeks ago - GlobeNewsWire

Uniti Group Inc. Reports Fourth Quarter and Full Year 2023 Results

Recently Announced ABS Bridge Financing & Asset Sales Further Strengthen Balance Sheet Provides Initial 2024 Outlook Net Income (Loss) of $30.7 Million and ($81.7) Million for the Fourth Quarter and F...

6 weeks ago - GlobeNewsWire

Uniti Group Inc. Declares $0.15 Per Share Quarterly Dividend

LITTLE ROCK, Ark., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced that its Board of Directors declared a quarterly cash dividend on February 22, 2024 of $0.15 pe...

7 weeks ago - GlobeNewsWire

Uniti Group Inc. Announces Completion of New ABS Bridge Facility and Recent Asset Sales

LITTLE ROCK, Ark., Feb. 26, 2024 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti” or the “Company”) (Nasdaq: UNIT) announced today that Uniti Fiber Bridge Borrower LLC ( the “ABS Borrower”), an indirect,...

7 weeks ago - GlobeNewsWire

Uniti Group Inc. To Report Fourth Quarter and Full Year 2023 Financial Results and Host Conference Call

LITTLE ROCK, Ark., Feb. 13, 2024 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that it will report its fourth quarter and full year 2023 financial results prior to the ...

2 months ago - GlobeNewsWire

Uniti Group Inc. Announces Tax Reporting Information for 2023 Distributions

LITTLE ROCK, Ark., Jan. 24, 2024 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today the tax treatment of its 2023 distributions. The following table summarizes the federal i...

2 months ago - GlobeNewsWire

11 dividend stocks with high yields expected to be well supported in 2024 per strict criteria

Investors have different approaches to stock dividends. Some have no interest in current income and would prefer companies to focus on growing their businesses, rather than distributing cash to shareh...

4 months ago - Market Watch

This Real Estate Portfolio Yields More Than 12%

Select real estate may be the income investing play for 2024. As I write, seven real estate investment trusts (REITs) are dishing dividends from 8.7% all the way up to 15.4%.

Other symbols: ARRBDNGNLHIWRCSVC
4 months ago - Forbes

Uniti Group Inc. to Present at the BofA Securities 2023 Leveraged Finance Conference

LITTLE ROCK, Ark., Nov. 14, 2023 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that its Senior Vice President, Chief Financial Officer and Treasurer, Paul Bullington, a...

5 months ago - GlobeNewsWire

Uniti Group Inc. Reports Third Quarter 2023 Results

Reiterates 2023 Outlook for Consolidated Revenue, Adjusted EBITDA and AFFO Reiterates 2023 Outlook for Consolidated Revenue, Adjusted EBITDA and AFFO

5 months ago - GlobeNewsWire

Uniti Group Inc. to Participate at Nareit's REITworld 2023 Annual Conference

LITTLE ROCK, Ark., Oct. 31, 2023 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that its Vice President, Investor Relations & Treasury, Bill DiTullio, is scheduled to pa...

6 months ago - GlobeNewsWire

Uniti Group Inc. To Report Third Quarter 2023 Financial Results and Host Conference Call

LITTLE ROCK, Ark., Oct. 03, 2023 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that it will report its third quarter 2023 financial results prior to the opening of trad...

7 months ago - GlobeNewsWire

Uniti Group Inc. to Present at the Deutsche Bank 31st Annual Leveraged Finance Conference

LITTLE ROCK, Ark., Sept. 19, 2023 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that its Senior Vice President, Chief Financial Officer and Treasurer, Paul Bullington, ...

7 months ago - GlobeNewsWire

Uniti Group Inc. to Participate at the RBC Capital Markets 2023 Global Communications Infrastructure Conference

LITTLE ROCK, Ark., Sept. 13, 2023 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that its Chief Revenue Officer, Ron Mudry, will participate in a panel discussion at the...

7 months ago - GlobeNewsWire

Uniti Group Inc. to Present at the BofA Securities 2023 Media, Communications and Entertainment Conference

LITTLE ROCK, Ark., Aug. 30, 2023 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that its Senior Vice President, Chief Financial Officer and Treasurer, Paul Bullington, a...

8 months ago - GlobeNewsWire

Uniti Group Inc. Reports Second Quarter 2023 Results

Reiterates 2023 Outlook for Revenue, Adjusted EBITDA and AFFO Net Income of $25.6 Million or $0.11 Per Diluted Common Share for the Second Quarter AFFO Per Diluted Common Share of $0.34 for the Second...

9 months ago - GlobeNewsWire

Uniti Group Inc. to Present at the TD Cowen 9th Annual Communications Infrastructure Summit

LITTLE ROCK, Ark., July 26, 2023 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that its President and Chief Executive Officer, Kenny Gunderman, is scheduled to present ...

9 months ago - GlobeNewsWire

Uniti Announces Long-Haul Dark Fiber Agreement with Global Internet Provider

LITTLE ROCK, Ark., July 25, 2023 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that it has signed a long-term contract with a prominent global internet provider, offeri...

9 months ago - GlobeNewsWire

Uniti Group Inc. To Report Second Quarter 2023 Financial Results and Host Conference Call

LITTLE ROCK, Ark., June 29, 2023 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that it will report its second quarter 2023 financial results prior to the opening of tra...

10 months ago - GlobeNewsWire

Uniti Group Inc. to Present at the Nareit 2023 REITweek Investor Conference

LITTLE ROCK, Ark., May 24, 2023 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that its President and Chief Executive Officer, Kenny Gunderman, is scheduled to present a...

11 months ago - GlobeNewsWire

Uniti Group Inc. to Present at the TD Cowen 51st Annual Technology, Media & Telecom Conference

LITTLE ROCK, Ark., May 18, 2023 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that its Senior Vice President, Chief Financial Officer and Treasurer, Paul Bullington, an...

11 months ago - GlobeNewsWire

Uniti Launches 100G+ MPLS Core Network to Enhance Capacity and Speed to Market

LITTLE ROCK, Ark., May 11, 2023 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti” or the “Company”) (Nasdaq: UNIT) announced today the deployment of a 100G+ MPLS Core that extends throughout the majority ...

1 year ago - GlobeNewsWire

CORRECTION – Uniti Group Inc. Reports First Quarter 2023 Results

In a release issued under the same headline earlier today by Uniti Group Inc. (Nasdaq: UNIT) please note that the range for AFFO attributable to common shareholders within the Updated Full Year 2023 O...

1 year ago - GlobeNewsWire