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

5.69

Mkt cap

1.4B

Volume

1.3M

High

5.79

P/E Ratio

13.16

52-wk high

6.71

Low

5.61

Div yield

0.08

52-wk low

2.57

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

Uniti Group has provided its revenue guidance for FY24, projecting between $1.154 billion and $1.174 billion, compared to the estimated $1.165 billion.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:02 pm

Uniti Group (NASDAQ:UNIT) reported Q2 2024 earnings per share (EPS) of $0.34, missing the analyst consensus estimate of $0.35 by 2.86%. However, the company reported quarterly sales of $294.947 million, beating the analyst consensus estimate of $289.912 million by 1.74%. This represents a 3.97% increase over sales of $283.698 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:01 pm

The article highlights five oversold real estate stocks with RSI values near or below 30, indicating potential buying opportunities. The stocks mentioned are RLJ Lodging Trust, Uniti Group Inc., Community Healthcare Trust Incorporated, Seritage Growth Properties, and Hudson Pacific Properties, Inc.

Portfolio Pulse from Avi Kapoor

May 28, 2024 | 12:41 pm

Uniti Group has priced $300M in 10.50% senior secured notes due 2028 at an issue price of 103.00%, aiming to close the offering by May 17, 2024. The proceeds are intended for general corporate purposes, including funding a portion of the cash consideration for the merger with Windstream.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:38 am

Raymond James analyst Frank Louthan downgraded Uniti Group (NASDAQ:UNIT) from Strong Buy to Outperform and reduced the price target from $8 to $6.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 5:25 pm

Spirit Airlines reported a Q1 fiscal 2024 revenue decline of 6.2% Y/Y, missing consensus, leading to a 9.8% drop in its shares. Other stocks also moved lower, including EyePoint Pharmaceuticals after its Phase 2 trial did not meet its primary endpoint, Integra LifeSciences with weak Q2 EPS guidance, and Bowlero with disappointing quarterly results. Braskem shares fell after a potential transaction update, GameStop declined following a previous week's surge, Uniti Group announced a $300 million notes offering, TreeHouse Foods reported mixed Q1 results, Jasper Therapeutics received a Buy rating from HC Wainwright, and several other companies like Medical Properties Trust, Tyson Foods, Allego, CureVac, Titan International, Geron Corporation, and Amgen also recorded losses.

Portfolio Pulse from Avi Kapoor

May 06, 2024 | 5:05 pm

Uniti Group Inc (NASDAQ:UNIT) shares dropped 11.2% to $3.94 after announcing a $300 million offering of 10.50% Senior Secured Notes due 2028 by its subsidiaries. The notes, guaranteed by the company and secured by first-priority liens on their assets, are pending regulatory approval for some subsidiaries' guarantees. Proceeds are aimed for general corporate purposes and potentially funding the merger with Windstream. The offering could reduce bridge facility commitments for the Windstream merger to zero.

Portfolio Pulse from Henry Khederian

May 06, 2024 | 3:29 pm

Uniti Group Inc. (UNIT) announced a private offering of $300M in 10.50% Senior Secured Notes due 2028 by its subsidiaries. The notes, guaranteed by Uniti and its subsidiaries, are secured by first-priority liens on most of their assets. This move is subject to market conditions.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 11:57 am

Uniti Group's shares dropped following a Q1 earnings miss and the announcement of a merger with Windstream Holdings II. The merger could potentially reshape the company's future operations and financial structure.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 3:47 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.