Streetbeat News

UNIT

Uniti Group Inc.

https://www.uniti.com

Industry

REIT - Specialty

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 wireless infrastructure solutions for the communications industry. As of September 30, 2020, Uniti owns 6.7 million fiber strand miles and other communications real estate throughout the United States.

Open

5.88

Mkt cap

1.4B

Volume

1.4M

High

5.90

P/E Ratio

21.70

52-wk high

6.71

Low

5.78

Div yield

0.08

52-wk low

2.57

Uniti Group Inc. will participate in Nareit's REITworld 2024 Annual Conference, with key executives attending.

Portfolio Pulse from

November 05, 2024 | 9:30 pm

Uniti Group shares declined following the release of mixed Q3 financial results and a reduction in FY24 FFO guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 7:32 pm

Uniti Group has adjusted its FY2024 financial guidance, lowering its Funds From Operations (FFO) forecast while slightly raising its sales outlook. The FFO guidance is now set at $1.23-$1.30, down from $1.33-$1.40, and below the $1.35 analyst estimate. Meanwhile, sales guidance has been increased to $1.16B-$1.18B, slightly above the previous range and the $1.17B estimate.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 12:07 pm

Uniti Group reported Q3 2024 earnings per share of $0.33, missing the consensus estimate of $0.34, but sales of $292.247 million exceeded expectations of $290.373 million.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 12:06 pm

Four real estate stocks, KE Holdings, Uniti Group, Macerich, and American Healthcare REIT, are considered overbought based on their RSI values. Investors may want to reconsider holding these stocks due to potential short-term price corrections.

Portfolio Pulse from Avi Kapoor

September 30, 2024 | 1:26 pm

Uniti Group Inc. (NASDAQ:UNIT) announced the pricing of $800M in new Senior First Lien Notes by Windstream subsidiaries as part of a post-merger debt restructuring plan. The notes and a $500M term loan facility are part of a $1.3B financing effort ahead of a planned merger between Uniti and Windstream.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 7:05 am

G-III Apparel Group's shares surged 23.6% after reporting better-than-expected Q2 EPS and issuing strong FY25 guidance. Other stocks like Applied Digital, Yext, and NIO also saw significant gains due to positive financial results and strategic developments.

Portfolio Pulse from Avi Kapoor

September 05, 2024 | 5:44 pm

Uniti Group has secured a 20-year contract with a hyperscaler customer in Alabama to construct a new long-haul route over 200 miles. The financial terms of the contract were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 12:10 pm

RBC Capital analyst Bora Lee has reiterated a Sector Perform rating for Uniti Group (NASDAQ:UNIT) and maintained a price target of $5.5.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 2:01 pm

Analysts have provided ratings on three high-yielding real estate stocks: Uniti Group Inc. (UNIT), Clipper Realty Inc. (CLPR), and Easterly Government Properties, Inc. (DEA). UNIT has been downgraded by B of A Securities, CLPR has been downgraded by Raymond James and JMP Securities, and DEA has been downgraded by RBC Capital.

Portfolio Pulse from Avi Kapoor

August 29, 2024 | 12:09 pm

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