Uniti Group (NASDAQ:UNIT) Shares Gap Down Following Weak Earnings

Uniti Group Inc. (NASDAQ:UNIT)’s stock price gapped down before the market opened on Monday following a dissappointing earnings announcement. The stock had previously closed at $5.22, but opened at $4.99. Uniti Group shares last traded at $5.1250, with a volume of 946,583 shares.

The real estate investment trust reported ($1.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.58) by ($0.45). The company had revenue of $848.10 million for the quarter, compared to analysts’ expectations of $855.83 million. Uniti Group had a negative return on equity of 133.07% and a net margin of 28.68%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. TD Cowen lowered their price target on shares of Uniti Group from $12.00 to $11.00 and set a “buy” rating for the company in a report on Friday, July 31st. Weiss Ratings downgraded shares of Uniti Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, October 14th. JPMorgan Chase & Co. decreased their target price on shares of Uniti Group from $12.00 to $11.00 and set a “neutral” rating on the stock in a research report on Friday, July 31st. Finally, Raymond James Financial set a $16.00 target price on shares of Uniti Group and gave the stock a “strong-buy” rating in a research note on Tuesday, September 29th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $11.47.

Hedge Funds Weigh In On Uniti Group

Large investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp acquired a new stake in Uniti Group in the 2nd quarter worth about $15,701,000. First Trust Advisors LP purchased a new stake in Uniti Group in the 1st quarter valued at about $4,203,000. Hsbc Holdings PLC acquired a new position in shares of Uniti Group during the 1st quarter valued at about $1,781,000. BTG Pactual Asset Management US LLC acquired a new position in shares of Uniti Group during the 2nd quarter valued at about $1,583,000. Finally, Sei Investments Co. increased its stake in shares of Uniti Group by 135.6% during the 1st quarter. Sei Investments Co. now owns 188,432 shares of the real estate investment trust’s stock valued at $1,767,000 after acquiring an additional 108,438 shares during the last quarter. 87.51% of the stock is currently owned by hedge funds and other institutional investors.

Uniti Group Stock Performance

The firm has a market capitalization of $1.24 billion, a PE ratio of 1.92 and a beta of 1.45. The company’s fifty day moving average price is $7.65 and its two-hundred day moving average price is $9.38.

About Uniti Group

Uniti Group is a communications infrastructure company that owns, builds and operates fiber-optic networks and related broadband assets. Its network infrastructure supports broadband, wireless, enterprise and government communications, including fiber connectivity for businesses and other network operators.

Founded in 2015 as a spin-off from Windstream, Uniti initially focused on owning and leasing communications infrastructure, including fiber networks. In 2025, Uniti combined with Windstream, bringing together infrastructure operations with Windstream’s Kinetic broadband and enterprise services.

The company serves customers across the United States through its fiber network and broadband operations.