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 |
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8-K - Uniti Group Inc. (0001620280) (Filer)
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8-K - Uniti Group Inc. (0001620280) (Filer)
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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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., 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 per share, payable on April 12, 2024 to stockholders of record on March 28, 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 September 30, 2023, Uniti owns approximately 139,000 fiber route miles, 8.4 million fiber strand miles, and other communications real estate thro
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 opening of trading on the Nasdaq Stock Exchange on February 29, 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 February 29, 2024 at
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 income tax treatment of the distributions on its common shares as it is expected to be reported on Form 1099 – DIV. Common Stock CUSIP (91325V108)Record Date Payment Date Total Distribution Per Share Ordinary Dividend Per Share Capital Gain Distribution Per Share Nondividend Distribution Per Share3/31/23 4/14/23 $0.15 $0.15 $0.00 $0.006/16/23 6/30/23 $0.15 $0.15 $0.00 $0.009/8/23 9/22/23 $0.15 $0.15 $0.00 $0.00 Total $0.45 $0.45 $0.00 $0.00 Ordinary Dividend Per Share is non-qual
Net loss of $80.9 Million or $0.34 Per Diluted Common Share for the Third Quarter Due to Non-Cash ItemsConsolidated Revenue and Adjusted EBITDA Grew 2.7% and 3.5% for the Third Quarter, Respectively, from the Prior Year Third QuarterAFFO Per Diluted Common Share of $0.35 for the Third Quarter LITTLE ROCK, Ark, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Uniti Group Inc. ("Uniti" or the "Company") (NASDAQ:UNIT) today announced its results for the third quarter 2023. "We delivered another solid quarter of results and consolidated bookings, demonstrating the resiliency of demand for fiber infrastructure and our overall business despite the current challenging macroeconomic environment. Our consolidat
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
LITTLE ROCK, Ark., May 29, 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 present at the Nareit 2024 REITweek Investor Conference. The presentation is scheduled for 9:30 AM EDT on June 5, 2024 in New York, NY. 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 cons
LITTLE ROCK, Ark., May 22, 2024 (GLOBE NEWSWIRE) -- Uniti Group Inc. ("Uniti") (NASDAQ:UNIT) announced today that its President and Chief Executive Officer, Kenny Gunderman, and Senior Vice President, Chief Financial Officer and Treasurer, Paul Bullington, are scheduled to present at the TD Cowen 52nd Annual Global Technology, Media and Telecom Conference. The presentation is scheduled for 9:40 AM EDT on May 29, 2024 in New York, NY. 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 t
LITTLE ROCK, Ark., May 15, 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 the J.P. Morgan 52nd Annual Global Technology, Media and Communications Conference on May 22, 2024 in Boston, MA. Any 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 infrastructu
LITTLE ROCK, Ark., May 15, 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 participate at the Barclays 2024 Leveraged Finance Conference on May 21, 2024 in Austin, TX. Any 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
LITTLE ROCK, Ark., May 07, 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 the Goldman Sachs 9th Annual Leveraged Finance and Credit Conference on May 14, 2024 in Rancho Palos Verdes, CA. Any 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 infrastructur
LITTLE ROCK, Ark., May 06, 2024 (GLOBE NEWSWIRE) -- 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"), have priced their offering of $300 million aggregate principal amount of 10.50% Senior Secured Notes due 2028 (the "notes"). The notes will be issued at an issue price of 103.00%. 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 th
LITTLE ROCK, Ark., May 06, 2024 (GLOBE NEWSWIRE) -- 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 Co
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
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.