Equities analysts expect Uniti Group Inc. (NASDAQ:UNIT) to announce earnings per share (EPS) of $0.63 for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Uniti Group’s earnings, with estimates ranging from $0.62 to $0.65. Uniti Group posted earnings per share of $0.65 in the same quarter last year, which indicates a negative year over year growth rate of 3.1%. The firm is expected to issue its next earnings results after the market closes on Thursday, May 10th.

According to Zacks, analysts expect that Uniti Group will report full year earnings of $2.54 per share for the current financial year, with EPS estimates ranging from $2.53 to $2.56. For the next fiscal year, analysts forecast that the company will post earnings of $2.61 per share, with EPS estimates ranging from $2.56 to $2.69. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Uniti Group.

Uniti Group (NASDAQ:UNIT) last announced its quarterly earnings results on Thursday, March 1st. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.62. The firm had revenue of $246.30 million for the quarter, compared to analyst estimates of $246.90 million. The company’s revenue for the quarter was up 19.0% on a year-over-year basis.

A number of brokerages recently weighed in on UNIT. ValuEngine downgraded Uniti Group from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 31st. BidaskClub raised Uniti Group from a “hold” rating to a “buy” rating in a research note on Saturday, December 30th. Finally, Cowen set a $26.00 price objective on Uniti Group and gave the company a “buy” rating in a research note on Friday, March 2nd. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $25.57.

Shares of Uniti Group stock traded up $0.21 during trading on Thursday, hitting $16.94. 447,099 shares of the stock traded hands, compared to its average volume of 2,021,792. The company has a debt-to-equity ratio of -0.05, a current ratio of 0.03 and a quick ratio of 0.03. Uniti Group has a twelve month low of $13.81 and a twelve month high of $27.78. The firm has a market cap of $2,933.77, a price-to-earnings ratio of 6.75, a P/E/G ratio of 0.90 and a beta of 0.72.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 13th. Shareholders of record on Friday, March 30th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 14.17%. The ex-dividend date was Wednesday, March 28th. Uniti Group’s dividend payout ratio is currently 95.62%.

A number of hedge funds and other institutional investors have recently modified their holdings of UNIT. Nisa Investment Advisors LLC increased its position in Uniti Group by 39.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 70,200 shares of the real estate investment trust’s stock worth $1,249,000 after buying an additional 19,800 shares during the period. Bank of Montreal Can increased its position in Uniti Group by 20.4% in the 4th quarter. Bank of Montreal Can now owns 21,306 shares of the real estate investment trust’s stock worth $378,000 after buying an additional 3,608 shares during the period. Creative Planning bought a new position in Uniti Group in the 4th quarter worth approximately $188,000. Benjamin F. Edwards & Company Inc. increased its position in Uniti Group by 16,667.2% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 19,450 shares of the real estate investment trust’s stock worth $346,000 after buying an additional 19,334 shares during the period. Finally, American Asset Management Inc. bought a new position in Uniti Group in the 4th quarter worth approximately $306,000. 76.40% of the stock is currently owned by institutional investors.

About Uniti Group

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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