News coverage about Uniti Group (NASDAQ:UNIT) has trended positive on Friday, Accern Sentiment reports. The research firm identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Uniti Group earned a media sentiment score of 0.35 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 45.9228035733214 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media headlines that may have effected Accern Sentiment’s analysis:
Shares of UNIT opened at $16.95 on Friday. Uniti Group has a twelve month low of $13.81 and a twelve month high of $27.78. The company has a market capitalization of $2,928.49, a price-to-earnings ratio of 6.75, a price-to-earnings-growth ratio of 0.89 and a beta of 0.72. The company has a debt-to-equity ratio of -0.05, a quick ratio of 0.03 and a current ratio of 0.03.
Uniti Group (NASDAQ:UNIT) last announced its quarterly earnings data on Thursday, March 1st. The real estate investment trust reported $0.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.62. The business had revenue of $246.30 million during the quarter, compared to analysts’ expectations of $246.90 million. The firm’s revenue was up 19.0% on a year-over-year basis. analysts expect that Uniti Group will post 2.49 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 13th. Shareholders of record on Friday, March 30th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 14.16%. The ex-dividend date of this dividend was Wednesday, March 28th. Uniti Group’s dividend payout ratio is presently 95.62%.
A number of brokerages have weighed in on UNIT. BidaskClub raised Uniti Group from a “sell” rating to a “hold” rating in a report on Saturday, March 17th. ValuEngine lowered Uniti Group from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Finally, Cowen set a $26.00 price objective on Uniti Group and gave the company a “buy” rating in a report on Friday, March 2nd. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $25.57.
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Uniti Group Company Profile
Uniti Group Inc, formerly Communications Sales & Leasing, Inc, is an internally managed real estate investment trust engaged in the acquisition and construction of infrastructure in the communications industry. The Company focuses on acquiring and constructing fiber optic broadband networks, wireless communications towers, copper and coaxial broadband networks and data centers.
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