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.
IPO Year:
Exchange: NASDAQ
Website: uniti.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/6/2024 | $8.00 → $6.00 | Strong Buy → Outperform | Raymond James |
| 11/7/2023 | $3.50 | Neutral → Underperform | BofA Securities |
Third Quarter Consolidated Bookings Monthly Recurring Revenue of $0.9 Million Increased Over 20% From Prior Year Updates 2024 Outlook Net Income of $12.2 Million for the Third QuarterNet Income of $0.05 Per Diluted Common Share for the Third QuarterAFFO of $0.33 Per Diluted Common Share for the Third Quarter LITTLE ROCK, Ark., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Uniti Group Inc. ("Uniti" or the "Company") (NASDAQ:UNIT) today announced its results for the third quarter 2024. "We continue to see solid demand for our mission critical fiber infrastructure at Uniti with consolidated bookings of nearly $1 million in monthly recurring revenue during the quarter. Demand from our Hyperscaler cust
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 trading on the Nasdaq Stock Exchange on October 31, 2024. A conference call to discuss those earnings will be held the same day at 8:30 AM Eastern Time. The conference call will be webcast live on Uniti's Investor Relations website at investor.uniti.com. Those parties interested in participating via telephone may register on the Investor Relations website or by clicking here. A replay of the call will also be made available on the Investor Relations website. ABOUT UNITI Uniti, an internally ma
NEW YORK, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the third quarter of 2024. This quarter, there are constituent changes within three of our indexes: the KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), and KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY). These changes will be effective prior to the opening of business
Second Quarter Consolidated Bookings Monthly Recurring Revenue of $1.1 Million Increased Approximately 50% From Prior Year Updates 2024 Outlook Net Income of $18.3 Million for the Second QuarterNet Income of $0.07 Per Diluted Common Share for the Second QuarterAFFO of $0.34 Per Diluted Common Share for the Second Quarter LITTLE ROCK, Ark., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Uniti Group Inc. ("Uniti" or the "Company") (NASDAQ:UNIT) today announced its results for the second quarter 2024. "Uniti reported another quarter of solid results fueled by strong demand for its mission critical fiber infrastructure. Approximately 40% of our consolidated bookings during the quarter,
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 trading on the Nasdaq Stock Exchange on August 1, 2024. A conference call to discuss those earnings will be held the same day at 8:30 AM Eastern Time. The conference call will be webcast live on Uniti's Investor Relations website at investor.uniti.com. Those parties interested in participating via telephone may register on the Investor Relations website or by clicking here. A replay of the call will also be made available on the Investor Relations website. ABOUT UNITI Uniti, an internally manag
Announced Merger with Windstream Creates Premier Insurgent Fiber Provider Updates 2024 Outlook Net Income of $41.3 Million for the First QuarterNet Income of $0.16 Per Diluted Common Share for the First QuarterAFFO Per Diluted Common Share of $0.32 for the First Quarter LITTLE ROCK, Ark., May 03, 2024 (GLOBE NEWSWIRE) -- Uniti Group Inc. ("Uniti" or the "Company") (NASDAQ:UNIT) today announced its results for the first quarter 2024. "Uniti is off to a solid start in 2024. Our core recurring strategic fiber business grew 4% in the first quarter of 2024 when compared to the first quarter of 2023. Also, our net success-based capital intensity at Uniti Fiber during the quarter declined to
Scaled Platform and Differentiated Focus on Tier II and III Markets De-levered Balance Sheet and Cash Flow Generation to Support Growth Additional Value Creation Opportunities Include up to $125 Million of Targeted Annual Opex and Capex Synergies and Enhanced Strategic Optionality LITTLE ROCK, Ark., May 03, 2024 (GLOBE NEWSWIRE) -- Uniti Group Inc. ("Uniti") (NASDAQ:UNIT) announced today that it has entered into a definitive agreement to merge with Windstream Holdings II, LLC ("Windstream"). Under the terms of the agreement, which have been unanimously approved by both companies' Board of Directors, upon closing, Uniti shareholders will hold approximately 62% of the outstanding common e
LITTLE ROCK, Ark., May 02, 2024 (GLOBE NEWSWIRE) -- Uniti Group Inc. ("Uniti") (NASDAQ:UNIT) announced today that its Board of Directors declared a quarterly cash dividend of $0.15 per share, payable on June 28, 2024 to stockholders of record on June 14, 2024. ABOUT UNITI 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 S
LITTLE ROCK, Ark., April 23, 2024 (GLOBE NEWSWIRE) -- Uniti Group Inc. ("Uniti") (NASDAQ:UNIT) announced today that it will report its first quarter 2024 financial results prior to the opening of trading on the Nasdaq Stock Exchange on May 3, 2024. A conference call to discuss those earnings will be held the same day at 8:30 AM Eastern Time. The conference call will be webcast live on Uniti's Investor Relations website at investor.uniti.com. Those parties interested in participating via telephone may register on the Investor Relations website or by clicking here. A replay of the call will be available on the Investor Relations website beginning on May 3, 2024 at approximately 12:00 PM Ea
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 Full Year, RespectivelyNet Income (Loss) of $0.13 and ($0.35) Per Diluted Common Share for the Fourth Quarter and Full Year, RespectivelyAFFO Per Diluted Common Share of $0.34 and $1.42 for the Fourth Quarter and Full Year, Respectively LITTLE ROCK, Ark., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Uniti Group Inc. ("Uniti" or the "Company") (NASDAQ:UNIT) today announced its results for the fourth quarter and full year 2023. "2023 was another productive year for Uniti. Our core recurring strategic fi
LITTLE ROCK, Ark., Nov. 19, 2024 (GLOBE NEWSWIRE) -- Uniti Group Inc. ("Uniti") (NASDAQ:UNIT) announced today that its Senior Vice President, Chief Financial Officer and Treasurer, Paul Bullington, and Vice President, Investor Relations & Treasury, Bill DiTullio, are scheduled to present at the BofA Securities Leveraged Finance Conference. The presentation is scheduled for 9:30 AM EST on December 3, 2024 in Boca Raton, FL. You may access a live webcast of the event on Uniti's Investor Relations website at investor.uniti.com. The webcast will be available for replay for a limited time following the presentation. ABOUT UNITI Uniti, an internally managed real estate investment trust, is en
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, Investor Relations & Treasury, Bill DiTullio, are scheduled to participate at Nareit's REITworld 2024 Annual Conference on November 19, 2024 in Las Vegas, NV. Investor materials will be made available on Uniti's Investor Relations website at investor.uniti.com under the Events & Presentations tab. ABOUT UNITI 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 fib
Third Quarter Consolidated Bookings Monthly Recurring Revenue of $0.9 Million Increased Over 20% From Prior Year Updates 2024 Outlook Net Income of $12.2 Million for the Third QuarterNet Income of $0.05 Per Diluted Common Share for the Third QuarterAFFO of $0.33 Per Diluted Common Share for the Third Quarter LITTLE ROCK, Ark., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Uniti Group Inc. ("Uniti" or the "Company") (NASDAQ:UNIT) today announced its results for the third quarter 2024. "We continue to see solid demand for our mission critical fiber infrastructure at Uniti with consolidated bookings of nearly $1 million in monthly recurring revenue during the quarter. Demand from our Hyperscaler cust
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, Alabama, one of Uniti's existing 30+ enterprise markets. Anchored by this hyperscaler contract award, Uniti will construct 90 route miles of new multi-conduit systems and high-strand count fiber cables. This new route will connect key data center locations and points-of-presence in a ring configuration within the Montgomery metropolitan area. These rings will allow long-haul routes to connect to the metro infrastructure from all directions, including the route between Mobile and Montgomer
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 the keynote presentation at the 2024 INCOMPAS Show. The presentation is scheduled for 8:45 AM MDT / 10:45 AM EDT on October 21, 2024 in Denver, CO. Any materials used in conjunction with the keynote presentation will be made available on Uniti's Investor Relations website at investor.uniti.com under the Events & Presentations tab. ABOUT UNITI Uniti, an internally managed real estate investment trust, is engaged in the acquisition and construction of mission critical communications infrastruc
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 trading on the Nasdaq Stock Exchange on October 31, 2024. A conference call to discuss those earnings will be held the same day at 8:30 AM Eastern Time. The conference call will be webcast live on Uniti's Investor Relations website at investor.uniti.com. Those parties interested in participating via telephone may register on the Investor Relations website or by clicking here. A replay of the call will also be made available on the Investor Relations website. ABOUT UNITI Uniti, an internally ma
LITTLE ROCK, Ark., Sept. 26, 2024 (GLOBE NEWSWIRE) -- Uniti Group Inc. ("Uniti") (NASDAQ:UNIT) today announced the pricing of $800 million aggregate principal amount of new 8.250% Senior First Lien Notes due 2031 (the "New Windstream Notes") by Windstream Services, LLC and Windstream Escrow Finance Corp. (collectively, the "Windstream Co-Issuers"), each a subsidiary of Windstream Holdings II, LLC ("Windstream"). The indenture governing the New Windstream Notes will contain provisions that allow for the collapse of Uniti's and Windstream's debt silos (the "Post-Closing Reorganization") upon the closing of the planned merger between Uniti and Windstream. The offering of the New Windstream No
LITTLE ROCK, Ark., Sept. 18, 2024 (GLOBE NEWSWIRE) -- Uniti Group Inc. ("Uniti") (NASDAQ:UNIT) announced today the successful completion of the consent solicitation by Windstream Services, LLC and Windstream Escrow Finance Corp. (collectively, the "Windstream Co-Issuers"), each a subsidiary of Windstream Holdings II, LLC ("Windstream"), to amend the indenture (the "Windstream Indenture") governing the Windstream Co-Issuers' 7.750% Senior Secured Notes due 2028 (the "Windstream Notes"). "We are pleased that Windstream has successfully completed its consent solicitation and we value the continued support from both Uniti and Windstream investors and creditors. This consent allows for Windstr
NEW YORK, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the third quarter of 2024. This quarter, there are constituent changes within three of our indexes: the KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), and KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY). These changes will be effective prior to the opening of business
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 at the RBC Capital Markets 2024 Global Communications Infrastructure Conference. The presentation is scheduled for 10:50 AM CDT / 11:50 AM EDT on September 25, 2024 in Chicago, IL. You may access a live webcast of the event on Uniti's Investor Relations website at investor.uniti.com. The webcast will be available for replay for a limited time following the presentation. ABOUT UNITI Uniti, an internally managed real estate investment trust, is engaged in the acquisition and construction of m
Raymond James downgraded Uniti Group from Strong Buy to Outperform and set a new price target of $6.00 from $8.00 previously
BofA Securities downgraded Uniti Group from Neutral to Underperform and set a new price target of $3.50
Morgan Stanley reiterated coverage of Uniti Group with a rating of Underweight and set a new price target of $9.50 from $6.00 previously
Morgan Stanley reiterated coverage of Uniti Group with a rating of Equal-Weight and set a new price target of $9.50 from $6.00 previously
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The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here's the latest list of major oversold players in this sector, having an RSI near or below 30. RLJ Lodging Trust (NYSE:RLJ) On May 1, RLJ Lodging posted better-than-expected quarterly sales. “Our first quarter RevPAR gro
The notes will be issued at an issue price of 103.00%. The offering is expected to close on May 17, 2024. The issuers intend to use the net proceeds from the offering of the notes for general corporate purposes, which may include funding a portion of the cash consideration payable in connection with the Company's previously announced merger with Windstream.
Raymond James analyst Frank Louthan downgrades Uniti Group (NASDAQ:UNIT) from Strong Buy to Outperform and lowers the price target from $8 to $6.
U.S. stocks were higher, with the Nasdaq Composite gaining over 100 points on Monday. Shares of Spirit Airlines, Inc. (NYSE:SAVE) fell sharply during Monday's session as the company reported a first-quarter fiscal 2024 revenue decline of 6.2% Y/Y to $1.265 billion, marginally missing the consensus of $1.269 billion. Adjusted EPS loss was $(1.46), down from $(0.82), missing the consensus of $(1.45). Spirit Airlines shares dipped 9.8% to $3.3450 on Monday. Here are some other big stocks recording losses in today's session. EyePoint Pharmaceuticals, Inc. (NASDAQ:EYPT) shares fell 37.7% to $12.29 after the company’s Phase 2 PAVIA trial of DURAVYU did not meet its pre-specified prima
Shares of Perficient, Inc (NASDAQ:PRFT) shares rose sharply during Monday's session after the company disclosed an acquisition deal and first-quarter FY24 results. The company stated that it has entered into a definitive deal to be acquired by an affiliate of BPEA Private Equity Fund VIII (EQT Asia), part of EQT AB in an all-cash transaction at an enterprise value of around $3.0 billion. Perficient shares jumped 53% to $73.60 on Monday. Here are some other stocks moving in today’s mid-day session. Gainers BioCryst Pharmaceuticals, Inc. (NASDAQ:BCRX) gained 19% to $5.30 following strong first-quarter results. Pacific Biosciences of California, Inc. (NASDAQ:PACB) rose 15% to
Uniti Group Inc (NASDAQ:UNIT) shares are trading lower by 11.2% to $3.94 during Monday’s session after the company announced plans for a $300 million offering of 10.50% Senior Secured Notes due 2028 by its subsidiaries. The notes will be guaranteed by the company and its subsidiaries, secured by first-priority liens on their assets. Regulatory approval is pending for some subsidiaries to guarantee the notes. Once approved, the notes are expected to be exchanged for additional notes under an existing indenture. Proceeds will be used for general corporate purposes, possibly including funding for the merger with Windstream, subject to various conditions. If successful, the bridge facili
Uniti Group Inc. (the "Company," "Uniti," or "we") (NASDAQ:UNIT) today announced that its subsidiaries, Uniti Group LP, Uniti Fiber Holdings Inc., Uniti Group Finance 2019 Inc. and CSL Capital, LLC (together, the "issuers"), announced today the planned offering, subject to market and other conditions, of $300 million aggregate principal amount of 10.50% Senior Secured Notes due 2028 (the "notes"). The notes will be guaranteed on a senior unsecured basis by the Company and on a senior secured basis by each of its subsidiaries (other than the issuers) that guarantees indebtedness under the Company's senior secured credit facility and the Company's existing secured notes (except initially those
Uniti Group (NASDAQ:UNIT) reported quarterly earnings of $0.32 per share which missed the analyst consensus estimate of $0.34 by 5.88 percent. The company reported quarterly sales of $286.400 million which missed the analyst consensus estimate of $287.545 million by 0.40 percent. This is a 1.18 percent decrease over sales of $289.822 million the same period last year.
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