Uniti Group (UNIT) Getting Favorable Media Coverage, Report Shows

Media headlines about Uniti Group (NASDAQ:UNIT) have trended positive this week, Accern Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Uniti Group earned a news sentiment score of 0.42 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 46.3114630247386 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:

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A number of equities analysts have recently issued reports on UNIT shares. BidaskClub raised shares of Uniti Group from a “sell” rating to a “hold” rating in a research report on Saturday, March 17th. Cowen set a $26.00 price objective on shares of Uniti Group and gave the stock a “buy” rating in a research report on Friday, March 2nd. Finally, ValuEngine cut shares of Uniti Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $25.57.

UNIT opened at $16.14 on Friday. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of -0.05. Uniti Group has a fifty-two week low of $13.81 and a fifty-two week high of $27.78. The stock has a market capitalization of $2,840.60, a P/E ratio of 6.43, a price-to-earnings-growth ratio of 0.87 and a beta of 0.72.

Uniti Group (NASDAQ:UNIT) last posted its earnings results on Thursday, March 1st. The real estate investment trust reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.62. The business had revenue of $246.30 million during the quarter, compared to analyst estimates of $246.90 million. The business’s revenue was up 19.0% on a year-over-year basis. equities analysts forecast that Uniti Group will post 2.49 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 13th. Investors of record on Friday, March 30th were issued a $0.60 dividend. The ex-dividend date was Wednesday, March 28th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 14.87%. Uniti Group’s dividend payout ratio is presently 95.62%.

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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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