Uniti Group Inc (NASDAQ:UNIT) declared a quarterly dividend on Thursday, February 8th, Wall Street Journal reports. Investors 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 yield of 16.94%. The ex-dividend date of this dividend is Wednesday, March 28th.
Uniti Group (UNIT) traded down $0.77 during midday trading on Thursday, hitting $14.17. The stock had a trading volume of 3,427,218 shares, compared to its average volume of 2,269,323. Uniti Group has a 12 month low of $13.81 and a 12 month high of $29.65. The firm has a market capitalization of $2,550.00 and a PE ratio of -52.48. The company has a debt-to-equity ratio of -0.05, a quick ratio of 0.03 and a current ratio of 0.03.
A number of equities analysts have recently weighed in on the company. ValuEngine cut Uniti Group from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. BidaskClub cut Uniti Group from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 31st. Royal Bank of Canada cut their price target on Uniti Group from $32.00 to $18.00 and set an “outperform” rating for the company in a report on Monday, November 6th. Finally, Cowen reissued a “buy” rating and issued a $30.00 price target on shares of Uniti Group in a report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six 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 $26.14.
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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