23-Apr-2024
Uniti Group Inc. To Report First Quarter 2024 Financial Results and Host Conference Call
Globe Newswire (Tue, 23-Apr 4:15 PM ET)
Uniti Group jumps on report nearing deal with Windstream
Seeking Alpha News (Tue, 23-Apr 3:50 PM ET)
Uniti Group Inc. Releases 2023 Environmental, Social and Governance Report
Globe Newswire (Thu, 11-Apr 8:00 AM ET)
Uniti Announces Network Expansion in Huntsville Through Large Hyperscaler Contract Award
Globe Newswire (Wed, 10-Apr 8:00 AM ET)
Globe Newswire (Tue, 5-Mar 4:15 PM ET)
Uniti Group Inc. Reports Fourth Quarter and Full Year 2023 Results
Globe Newswire (Thu, 29-Feb 8:00 AM ET)
Uniti Group Inc. Declares $0.15 Per Share Quarterly Dividend
Globe Newswire (Tue, 27-Feb 4:15 PM ET)
Uniti Group Inc. Announces Completion of New ABS Bridge Facility and Recent Asset Sales
Globe Newswire (Mon, 26-Feb 7:00 AM ET)
Globe Newswire (Tue, 13-Feb 4:15 PM ET)
Uniti Group Inc. Announces Tax Reporting Information for 2023 Distributions
Globe Newswire (Wed, 24-Jan 4:15 PM 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 April 23, 2024, UNIT stock price climbed to $5.74 with 5,161,230 million shares trading.
UNIT has a beta of 2.33, meaning it tends to be more sensitive to market movements. UNIT has a correlation of 0.28 to the broad based SPY ETF.
UNIT has a market cap of $1.37 billion. 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, IWM.
UNIT has outperformed the market in the last year with a price return of +95.7% while the SPY ETF gained +24.3%. UNIT has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +8.3% and 0.0%, respectively, while the SPY returned +4.9% and -2.5%, respectively.
UNIT support price is $5.18 and resistance is $5.44 (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.