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Saturday, June 3, 2023

Uniti Group Inc. (NASDAQ: UNIT) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Uniti Group Inc. (UNIT) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.08, or 2.12%, to $3.85. The Uniti Group Inc. has recorded 31,961 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that CORRECTION – Uniti Group Inc. Reports First Quarter 2023 Results.

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Stocks Info

Uniti Group Inc. is listed on the NASDAQ as a member of the Real Estate sector and is a part of the REIT – Specialty industry. At the end of the last regular session, the stock closed at $3.77 and fluctuated between $3.9600 as its day high and $3.7050 as its day low. The current market capitalization of Uniti Group Inc. is $857.03M. A total of 2.28 million shares were traded on the day, compared to an average of 3.65M shares.

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, UNIT has seen 15 BUY and 22 SELL insider trades, representing the acquisition of 859,891 and the disposition of 98,522 shares. Over the last 12 months, there were 17 BUYs and 23 SELLs from insiders. Insiders purchased 861,949 shares during that period but sold 110,757.

In the most recent transaction, Gunderman Kenny bought 225,000 shares of UNIT for 4.37 per share on Mar 09. After the transaction, the President and CEO now owns 1,372,596 company shares.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. UNIT’s most recent ex-dividend date was 6/15/2023 when it declared a $0.15 quarterly dividend that was paid in cash on 6/30/2023. Previously, the company paid the dividend on 4/14/2023 with an ex-dividend date of 3/30/2023. The UNIT stock dividend was $0.15 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for UNIT in the last 3 months, the mean price target is $6.55 with high estimates of $10.00 and low estimates of $3.00. In terms of 52-week highs and lows, UNIT has a high of $11.71 and a low of $2.94.

As of this writing, UNIT has an earnings estimate of $0.11 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $0.15 per share and a lower estimate of $0.06. The company reported an EPS of $0.23 in the last quarter, which was 35.30% higher than expectations of $0.17.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. UNIT’s latest balance sheet shows that the firm has $58.90M in Cash & Short Term Investments as of fiscal 2021. There were $5.11B in debt and $1.63B in liabilities at the time. Its Book Value Per Share was -$9.85, while its Total Shareholder’s Equity was -$2.11B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for UNIT is Buy with a score of 3.22.

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