Uniti Group Inc (NASDAQ:UNIT) declared a quarterly dividend on Tuesday, October 31st, Zacks reports. Stockholders of record on Friday, December 29th will be given a dividend of 0.60 per share by the real estate investment trust on Friday, January 12th. This represents a $2.40 annualized dividend and a dividend yield of 13.25%. The ex-dividend date of this dividend is Thursday, December 28th.
Uniti Group (NASDAQ UNIT) opened at $18.12 on Wednesday. Uniti Group has a 52 week low of $13.81 and a 52 week high of $29.65. The stock has a market capitalization of $3,144.29, a price-to-earnings ratio of -58.45, a PEG ratio of 0.98 and a beta of 1.17. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of -0.05.
Several research analysts have recently issued reports on the company. ValuEngine raised Uniti Group from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Royal Bank of Canada decreased their price target on Uniti Group from $32.00 to $18.00 and set an “outperform” rating for the company in a research note on Monday, November 6th. JPMorgan Chase & Co. cut Uniti Group from an “overweight” rating to a “neutral” rating in a research note on Monday, October 2nd. Citigroup cut Uniti Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, September 26th. Finally, Cowen reissued a “buy” rating and issued a $30.00 price target on shares of Uniti Group in a research note on Thursday, October 19th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $26.14.
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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