Uniti Group (NASDAQ:UNIT) Issues Quarterly Earnings Results

Key Points

• Uniti Group reported a quarterly earnings per share (EPS) of $0.36, falling short of analysts' expectations of $0.42, with a revenue of $300.73 million compared to the projected $304.06 million.
• The company's stock price dropped 11.9% to $7.13 following the earnings release, marking a significant decline in trading volume.
• Institutional investors own 87.51% of Uniti Group's stock, with notable stake increases from Royal Bank of Canada and Goldman Sachs Group in the first quarter.

Uniti Group (NASDAQ:UNIT - Get Free Report) released its quarterly earnings data on Tuesday. The real estate investment trust reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.06), Briefing.com reports. Uniti Group had a negative return on equity of 1.43% and a net margin of 2.96%. The firm had revenue of $300.73 million during the quarter, compared to analysts' expectations of $304.06 million. During the same quarter last year, the business earned $0.34 earnings per share. The business's revenue for the quarter was up 2.0% compared to the same quarter last year. Uniti Group updated its FY 2025 guidance to EPS.

Uniti Group Trading Down 11.9%

NASDAQ:UNIT traded down $0.97 on Tuesday, reaching $7.13. The stock had a trading volume of 2,248,737 shares, compared to its average volume of 1,116,284. The company has a 50-day moving average of $4.65 and a 200 day moving average of $4.90. The stock has a market cap of $1.75 billion, a P/E ratio of 27.87 and a beta of 1.47. Uniti Group has a 12-month low of $7.20 and a 12-month high of $12.62.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Royal Bank of Canada raised its stake in shares of Uniti Group by 10.1% in the 1st quarter. Royal Bank of Canada now owns 198,000 shares of the real estate investment trust's stock valued at $998,000 after purchasing an additional 18,165 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Uniti Group during the first quarter valued at approximately $161,000. Goldman Sachs Group Inc. raised its stake in Uniti Group by 23.6% during the first quarter. Goldman Sachs Group Inc. now owns 4,604,599 shares of the real estate investment trust's stock valued at $23,207,000 after buying an additional 877,911 shares in the last quarter. Finally, United Services Automobile Association bought a new position in Uniti Group during the 1st quarter worth approximately $80,000. Institutional investors and hedge funds own 87.51% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Wells Fargo & Company reduced their price target on shares of Uniti Group from $5.00 to $4.50 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. Citigroup reaffirmed a "neutral" rating and set a $5.30 price target on shares of Uniti Group in a research report on Friday, May 16th.

About Uniti Group

Uniti Group, Inc is a real estate investment trust company, which engages in the acquisition, construction, and leasing of properties. It operates through the following business segments: Uniti Leasing, Uniti Fiber, and Corporate. The Uniti Leasing segment involves mission-critical communications assets on exclusive or shared-tenant basis, and dark fiber network.

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