Uniti Group Inc (NASDAQ:UNIT) declared a quarterly dividend on Thursday, February 8th, Wall Street Journal reports. Shareholders of record on Friday, March 30th will be paid a dividend of 0.60 per share by the real estate investment trust on Friday, April 13th. This represents a $2.40 annualized dividend and a dividend yield of 16.94%. The ex-dividend date is Wednesday, March 28th.
Shares of Uniti Group (NASDAQ UNIT) traded down $0.77 during mid-day trading on Thursday, hitting $14.17. The company’s stock had a trading volume of 3,427,218 shares, compared to its average volume of 2,269,323. Uniti Group has a one year low of $13.81 and a one year high of $29.65. The stock has a market cap of $2,550.00 and a P/E ratio of -52.48. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of -0.05.
UNIT has been the topic of several analyst reports. ValuEngine downgraded Uniti Group from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 31st. Royal Bank of Canada decreased their price target on Uniti Group from $32.00 to $18.00 and set an “outperform” rating on the stock in a research note on Monday, November 6th. Cowen restated a “buy” rating and issued a $30.00 price target on shares of Uniti Group in a research note on Thursday, October 19th. Finally, BidaskClub downgraded Uniti Group from a “sell” rating to a “strong sell” rating in a research note on Wednesday, January 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $26.14.
About Uniti Group
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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