Uniti Group (UNIT) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $5.61 to $5.80
• 50-Day Range: $5.07 to $6.02
• 52-Week Range: $2.57 to $6.71
• Volume: 1.38 million shs
• Average Volume: 2.63 million shs
• Market Capitalization: $1.38 billion
• P/E Ratio: 13.81
• Dividend Yield: 7.95%
• Price Target: $7.17
• Consensus Rating: Moderate Buy

Uniti Group Stock Analysis - MarketRank™

Uniti Group scored higher than 72% of companies evaluated by MarketBeat, and ranked 363rd out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Uniti Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Uniti Group has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: -51.56%

Earnings Growth

Earnings for Uniti Group are expected to decrease by -51.56% in the coming year, from $1.28 to $0.62 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Uniti Group is 13.81, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.16.

Price to Earnings Ratio vs. Sector

The P/E ratio of Uniti Group is 13.81, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 49.34.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

5.84% of the float of Uniti Group has been sold short.

Short Interest Ratio / Days to Cover

Uniti Group has a short interest ratio ("days to cover") of 5.

Change versus previous month

Short interest in Uniti Group has recently decreased by 15.02%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Uniti Group is a leading dividend payer. It pays a dividend yield of 8.05%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Uniti Group does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Uniti Group is 109.76%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Uniti Group will have a dividend payout ratio of 72.58% next year. This indicates that Uniti Group will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

5.84% of the float of Uniti Group has been sold short.

Short Interest Ratio / Days to Cover

Uniti Group has a short interest ratio ("days to cover") of 5.

Change versus previous month

Short interest in Uniti Group has recently decreased by 15.02%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.56

News Sentiment

Uniti Group has a news sentiment score of 0.56. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Uniti Group this week, compared to 2 articles on an average week.

Search Interest

9 people have searched for UNIT on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.

MarketBeat Follows

Only 4 people have added Uniti Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Uniti Group insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.39% of the stock of Uniti Group is held by insiders.

Percentage Held by Institutions

87.51% of the stock of Uniti Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

UNIT Stock Analysis - Frequently Asked Questions

How have UNIT shares performed this year?

Uniti Group's stock was trading at $5.78 on January 1st, 2024. Since then, UNIT shares have decreased by 2.1% and is now trading at $5.66.
View the best growth stocks for 2024 here.

How were Uniti Group's earnings last quarter?

Uniti Group Inc. (NASDAQ:UNIT) announced its quarterly earnings data on Thursday, August, 1st. The real estate investment trust reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by $0.28. Uniti Group's revenue was up 3.9% compared to the same quarter last year.

Does Uniti Group have any subsidiaries?

Uniti Group subsidiaries include these companies: Amphenol Alden Products Mexico S.A. de C.V..

Who are Uniti Group's major shareholders?

Uniti Group's top institutional shareholders include State Street Corp (3.89%), Charles Schwab Investment Management Inc. (3.23%), King Street Capital Management L.P. (0.64%) and Bank of Montreal Can (0.64%). Insiders that own company stock include Kenny Gunderman and Ronald J Mudry.
View institutional ownership trends.

How do I buy shares of Uniti Group?

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.
Compare Top Brokerages Here.

What other stocks do shareholders of Uniti Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Uniti Group investors own include NVIDIA (NVDA), Johnson & Johnson (JNJ), AT&T (T), Gilead Sciences (GILD), Advanced Micro Devices (AMD), UnitedHealth Group (UNH) and Meta Platforms (META).

Company Calendar

• Last Earnings: 8/01/2024
• Today: 11/20/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/06/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: N/A
• Current Symbol: NASDAQ:UNIT
• Previous Symbol: NASDAQ:CSALV
• CUSIP: N/A
• CIK: 1620280
• Web: www.uniti.com
• Phone: (501) 850-0820
• Fax: N/A
• Employees: 813
• Year Founded: 2014

Price Target and Rating

• Average Stock Price Target: $7.17
• High Stock Price Target: $10.00
• Low Stock Price Target: $5.50
• Potential Upside/Downside: +26.6%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.41
• Trailing P/E Ratio: 13.81
• Forward P/E Ratio: 4.42
• P/E Growth: N/A
• Net Income: $-81,710,000.00
• Net Margins: 8.82%
• Pretax Margin: 7.11%
• Return on Equity: -4.12%
• Return on Assets: 2.02%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.04
• Quick Ratio: 0.04

Sales & Book Value

• Annual Sales: $1.15 billion
• Price / Sales: 1.20
• Cash Flow: $1.91 per share
• Price / Cash Flow: 2.96
• Book Value: ($10.41) per share
• Price / Book: -0.54

Miscellaneous

• Outstanding Shares: 244,120,000
• Free Float: 240,722,000
• Market Cap: $1.38 billion
• Optionable: Optionable
• Beta: 1.31