Media headlines about Communications Sales & Leasing,Inc. (NASDAQ:UNIT) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Communications Sales & Leasing,Inc. earned a news impact score of 0.13 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 46.0596513270763 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Simon Property (SPG) Unveils Mix-Use Project at Clearfolk – Nasdaq (nasdaq.com)
- Drive Shack (DS) versus Communications Sales & Leasing,Inc. (UNIT) Head-To-Head Comparison (americanbankingnews.com)
- Reviewing Communications Sales & Leasing,Inc. (UNIT) and Its Rivals (americanbankingnews.com)
- Don’t Sell Extra Space Storage (EXR) Stock Now — Here’s Why (finance.yahoo.com)
Communications Sales & Leasing,Inc. (NASDAQ UNIT) opened at 18.40 on Friday. Communications Sales & Leasing,Inc. has a 1-year low of $18.35 and a 1-year high of $32.73. The firm has a 50-day moving average price of $18.61 and a 200-day moving average price of $23.18. The firm’s market capitalization is $3.23 billion.
Communications Sales & Leasing,Inc. (NASDAQ:UNIT) last released its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.06). The business had revenue of $213.01 million during the quarter, compared to analyst estimates of $214.09 million. The business’s revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.56 EPS. Equities analysts expect that Communications Sales & Leasing,Inc. will post ($0.20) earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.60 per share. The ex-dividend date is Thursday, September 28th. This represents a $2.40 dividend on an annualized basis and a yield of 13.04%. Communications Sales & Leasing,Inc.’s dividend payout ratio (DPR) is currently -750.00%.
A number of equities research analysts recently commented on UNIT shares. Zacks Investment Research raised Communications Sales & Leasing,Inc. from a “hold” rating to a “strong-buy” rating and set a $26.00 price objective for the company in a research note on Wednesday, August 9th. Cowen and Company reaffirmed a “buy” rating and set a $33.00 price objective on shares of Communications Sales & Leasing,Inc. in a research note on Friday, August 25th. Bank of America Corporation cut Communications Sales & Leasing,Inc. from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 15th. ValuEngine cut Communications Sales & Leasing,Inc. from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $31.00 price objective on shares of Communications Sales & Leasing,Inc. in a research note on Monday, August 14th. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Communications Sales & Leasing,Inc. currently has a consensus rating of “Buy” and a consensus target price of $29.44.
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In related news, insider Kenny Gunderman purchased 4,000 shares of the business’s stock in a transaction on Monday, August 21st. The stock was acquired at an average price of $18.88 per share, for a total transaction of $75,520.00. Following the purchase, the insider now owns 271,553 shares of the company’s stock, valued at $5,126,920.64. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Daniel L. Heard purchased 5,400 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were bought at an average price of $18.54 per share, with a total value of $100,116.00. Following the purchase, the executive vice president now directly owns 40,793 shares in the company, valued at approximately $756,302.22. The disclosure for this purchase can be found here. Insiders have acquired a total of 15,700 shares of company stock valued at $297,116 in the last quarter. Company insiders own 0.39% of the company’s stock.
About Communications Sales & Leasing,Inc.
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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