Uniti Group Inc Price, Forecast, Insider, Ratings, Fundamentals & Signals

Little rock, ark., april 11, 2024 (globe newswire) -- uniti group inc. (“uniti” or the “company”) (nasdaq: unit) announced today the release of its 2023 environmental, social and governance (“esg”) report. this report provides an overview of uniti's esg-related policies and commitments, as well as highlights important accomplishments achieved in 2023.

Little rock, ark., april 10, 2024 (globe newswire) -- uniti group inc. (“uniti”) (nasdaq: unit) is pleased to announce a significant network expansion in huntsville, alabama, one of uniti's existing 30 enterprise markets. this network expansion, which will span approximately 70 route miles when complete, will support one of its strategic hyperscale customers.

Little rock, ark., march 05, 2024 (globe newswire) -- uniti group inc. (“uniti”) (nasdaq: unit) announced today that its senior vice president, chief financial officer and treasurer, paul bullington, and vice president, investor relations & treasury, bill ditullio, are scheduled to participate at the deutsche bank 32nd annual media, internet & telecom conference on march 12, 2024 in palm beach, fl.

Recently announced abs bridge financing & asset sales further strengthen balance sheet provides initial 2024 outlook net income (loss) of $30.7 million and ($81.7) million for the fourth quarter and full year, respectively net income (loss) of $0.13 and ($0.35) per diluted common share for the fourth quarter and full year, respectively affo per diluted common share of $0.34 and $1.42 for the fourth quarter and full year, respectively little rock, ark., feb. 29, 2024 (globe newswire) -- uniti group inc. (“uniti” or the “company”) (nasdaq: unit) today announced its results for the fourth quarter and full year 2023.

Little rock, ark., feb. 27, 2024 (globe newswire) -- uniti group inc. (“uniti”) (nasdaq: unit) announced that its board of directors declared a quarterly cash dividend on february 22, 2024 of $0.15 per share, payable on april 12, 2024 to stockholders of record on march 28, 2024.

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Uniti Group owns valuable fiber assets but struggles with high leverage and debt servicing costs. Two pathways for UNIT stock to overcome its debt burden: lease-up of existing fiber capacity and sale of assets or the company. The demand for fiber is increasing due to 5G and AI, creating opportunities for the Company to generate more cash flow and potentially improve its financial situation.

Uniti Group, a REIT, has a high yield of around 9%, but there are many challenges and uncertainties surrounding the company. The majority of Uniti's revenues come from its leasing segment, with a significant portion derived from its contract with Windstream. Uniti's debt exceeds the reported value of its assets, posing risks to shareholders in the event of a crisis.

While the top- and bottom-line numbers for Uniti (UNIT) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Beyond analysts' top -and-bottom-line estimates for Uniti (UNIT), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2023.

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LITTLE ROCK, Ark., Feb. 13, 2024 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that it will report its fourth quarter and full year 2023 financial results prior to the opening of trading on the Nasdaq Stock Exchange on February 29, 2024. A conference call to discuss those earnings will be held the same day at 8:30 AM Eastern Time.

REITs have crashed and dividend yields have soared. Some REITs yield as much as 10% right now. We highlight two of our favorite 10% yielding opportunities.

REITs crashed due to rising interest rates. But they are now set to rally as interest rates are cut in 2024. The window of opportunity is closing fast, but opportunities remain abundant.

Investors have different approaches to stock dividends. Some have no interest in current income and would prefer companies to focus on growing their businesses, rather than distributing cash to shareholders.