Uniti Group (NASDAQ:UNIT – Get Rating) posted its quarterly earnings results on Thursday. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.20), MarketWatch Earnings reports. The firm had revenue of $278.00 million during the quarter, compared to the consensus estimate of $278.94 million. Uniti Group had a net margin of 11.21% and a negative return on equity of 5.79%. Uniti Group’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.41 EPS.
UNIT stock opened at $11.40 on Friday. Uniti Group has a twelve month low of $10.25 and a twelve month high of $14.60. The company has a market cap of $2.70 billion, a P/E ratio of 22.80 and a beta of 0.99. The business’s fifty day moving average is $13.34 and its 200-day moving average is $13.09.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 1st. Shareholders of record on Friday, June 17th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.26%. The ex-dividend date of this dividend is Thursday, June 16th. Uniti Group’s payout ratio is 120.00%.
Separately, Zacks Investment Research lowered shares of Uniti Group from a “buy” rating to a “hold” rating in a research note on Tuesday.
About Uniti Group (Get Rating)
Uniti, an internally managed real estate investment trust, is engaged in the acquisition and construction of mission critical communications infrastructure, and is a leading provider of wireless infrastructure solutions for the communications industry. As of September 30, 2020, Uniti owns 6.7 million fiber strand miles and other communications real estate throughout the United States.
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