News stories about Uniti Group (NASDAQ:UNIT) have trended positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Uniti Group earned a daily sentiment score of 0.26 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 45.333180662572 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
Uniti Group (UNIT) opened at $17.16 on Friday. The firm has a market capitalization of $3,020.00 and a PE ratio of -63.56. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of -0.05. Uniti Group has a one year low of $13.81 and a one year high of $29.65.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $2.40 dividend on an annualized basis and a yield of 13.99%. Uniti Group’s dividend payout ratio is currently -888.89%.
UNIT has been the topic of a number of analyst reports. Royal Bank of Canada reiterated a “buy” rating and set a $32.00 price objective on shares of Uniti Group in a research note on Monday, September 18th. Citigroup lowered Uniti Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, September 26th. JPMorgan Chase & Co. lowered Uniti Group from an “overweight” rating to a “neutral” rating in a research note on Monday, October 2nd. ValuEngine upgraded Uniti Group from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Zacks Investment Research lowered Uniti Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $26.14.
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Uniti Group Company Profile
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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