Uniti Group Inc (NASDAQ:UNIT)’s traded shares stood at 4.11 million during the last session, with the company’s beta value hitting 1.28. At the close of trading, the stock’s price was $3.84, to imply an increase of 3.78% or $0.14 in intraday trading. The UNIT share’s 52-week high remains $6.71, putting it -74.74% down since that peak but still an impressive 33.07% since price per share fell to its 52-week low of $2.57. The company has a valuation of $911.35M, with an average of 2.78 million shares in intraday trading volume over the past 10 days and average of 3.55 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Uniti Group Inc (UNIT), translating to a mean rating of 2.50. Of 3 analyst(s) looking at the stock, 1 analyst(s) give UNIT a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 1 recommend it as a Buy.
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Uniti Group Inc (NASDAQ:UNIT) trade information
After registering a 3.78% upside in the last session, Uniti Group Inc (UNIT) has traded red over the past five days. The 5-day price performance for the stock is 9.40%, and 40.15% over 30 days. With these gigs, the year-to-date price performance is -33.56%. Short interest in Uniti Group Inc (NASDAQ:UNIT) saw shorts transact 16.46 million shares and set a 4.67 days time to cover.
The extremes give us $7 and $7.25 for target low and target high price respectively. As such, UNIT has been trading -88.8% off suggested target high and -82.29% from its likely low.
Uniti Group Inc (UNIT) estimates and forecasts
Looking at statistics comparing Uniti Group Inc share performance against respective industry, we note that the company has outperformed competitors. Uniti Group Inc (UNIT) shares are -28.89% down over the last 6 months, with its year-to-date growth rate higher than industry average at 0.70% against -3.10%.
UNIT Dividends
However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Uniti Group Inc has a forward dividend ratio of 0.60, with the share yield ticking at 15.63% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 8.57%.
Uniti Group Inc (NASDAQ:UNIT)’s Major holders
Uniti Group Inc insiders hold 2.53% of total outstanding shares, with institutional holders owning 88.04% of the shares at 90.33% float percentage. In total, 88.04% institutions holds shares in the company, led by BLACKROCK INC.. As of 2024-03-31, the company held over 39.36 million shares (or 16.65% of shares), all amounting to roughly $232.23 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 38.44 million shares, or about 16.2614% of shares outstanding. As of the market price on 2024-03-31, these shares were worth $226.81 million.
