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Globe Newswire (Wed, 15-May 4:20 PM ET)
Uniti Group Inc. to Participate at the Barclays 2024 Leveraged Finance Conference
Globe Newswire (Wed, 15-May 4:15 PM ET)
SHAREHOLDER NOTICE: Halper Sadeh LLC Investigates AGS, PRFT, ALE, UNIT
Globe Newswire (Sat, 11-May 9:14 AM ET)
Globe Newswire (Tue, 7-May 4:15 PM ET)
Uniti Group Inc. Announces Pricing of Senior Secured Notes Offering
Globe Newswire (Mon, 6-May 6:15 PM ET)
Uniti Group Inc. Announces Private Offering of Senior Secured Notes
Globe Newswire (Mon, 6-May 7:55 AM ET)
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates DCPH, HTLF, DPSI, UNIT
Globe Newswire (Sat, 4-May 9:24 AM ET)
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates UNIT, SWAV, IP, NX
Globe Newswire (Fri, 3-May 12:09 PM ET)
Kuehn Law Encourages IP, SWAV, NX, and UNIT Investors to Contact Law Firm
Globe Newswire (Fri, 3-May 10:47 AM ET)
Business Wire (Fri, 3-May 9:23 AM ET)
Uniti is a REIT with about 140,000 route miles of fiber in the U.S., primarily in the Southeast. Uniti reports its business in two segments: leasing and fiber. Leasing currently makes up about 75% of total revenue and consists mostly of Uniti's master lease agreement with Windstream. Windstream spun off a substantial portion of its network assets to form Uniti in 2015, and Uniti immediately leased the entire portfolio back for Windstream's exclusive use. Other leasing revenue stems from sale-leaseback transactions with other fiber holders. Uniti generates fiber revenue by leasing dark and lit fiber to wireless carriers and other enterprises.
Uniti Group trades on the NASDAQ stock market under the symbol UNIT.
As of May 16, 2024, UNIT stock price declined to $3.63 with 2,811,832 million shares trading.
UNIT has a beta of 2.28, meaning it tends to be more sensitive to market movements. UNIT has a correlation of 0.21 to the broad based SPY ETF.
UNIT has a market cap of $866.02 million. This is considered a Small Cap stock.
In the last 3 years, UNIT stock traded as high as $14.60 and as low as $2.94.
The top ETF exchange traded funds that UNIT belongs to (by Net Assets): IJR, VNQ, VTI, VB, VBR.
UNIT has underperformed the market in the last year with a price return of +12.2% while the SPY ETF gained +29.6%. UNIT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -27.7% and -37.5%, respectively, while the SPY returned +5.6% and +5.7%, respectively.
UNIT support price is $3.66 and resistance is $3.92 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that UNIT stock will trade within this expected range on the day.