FTAI Infrastructure (NASDAQ:FIP) Upgraded at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of FTAI Infrastructure (NASDAQ:FIP – Free Report) from a sell rating to a hold rating in a report released on Saturday morning.

Several other research analysts also recently issued reports on the company. BTIG Research reaffirmed a “buy” rating and set a $10.00 price objective on shares of FTAI Infrastructure in a report on Friday. Weiss Ratings reissued a “sell (d-)” rating on shares of FTAI Infrastructure in a report on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, FTAI Infrastructure has a consensus rating of “Hold” and an average target price of $11.00.

View Our Latest Report on FTAI Infrastructure

FTAI Infrastructure Stock Up 9.5%

Shares of FIP opened at $6.35 on Friday. The company has a market capitalization of $738.44 million, a P/E ratio of -2.76 and a beta of 1.85. FTAI Infrastructure has a one year low of $3.10 and a one year high of $7.93. The business’s 50 day simple moving average is $5.63 and its 200-day simple moving average is $5.10. The company has a debt-to-equity ratio of 110.28, a current ratio of 0.25 and a quick ratio of 0.25.

FTAI Infrastructure (NASDAQ:FIP – Get Free Report) last issued its quarterly earnings data on Thursday, February 26th. The company reported ($1.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.43) by ($0.65). The business had revenue of $143.52 million during the quarter, compared to the consensus estimate of $169.16 million. FTAI Infrastructure had a negative net margin of 31.93% and a negative return on equity of 82.60%.

FTAI Infrastructure Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.12 annualized dividend and a yield of 1.9%. FTAI Infrastructure’s dividend payout ratio is presently -5.22%.

Institutional Trading of FTAI Infrastructure

Institutional investors and hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP bought a new position in FTAI Infrastructure during the 3rd quarter worth approximately $28,939,000. Alliancebernstein L.P. raised its holdings in FTAI Infrastructure by 3,990.2% in the third quarter. Alliancebernstein L.P. now owns 4,009,630 shares of the company’s stock worth $17,482,000 after purchasing an additional 3,911,600 shares during the period. Frontier Capital Management Co. LLC boosted its position in shares of FTAI Infrastructure by 425.7% during the second quarter. Frontier Capital Management Co. LLC now owns 3,639,934 shares of the company’s stock worth $22,458,000 after purchasing an additional 2,947,567 shares in the last quarter. Ares Management LLC bought a new position in shares of FTAI Infrastructure during the fourth quarter worth $5,521,000. Finally, Northern Right Capital Management L.P. acquired a new position in shares of FTAI Infrastructure in the 2nd quarter valued at $5,465,000. 87.43% of the stock is owned by institutional investors.

About FTAI Infrastructure

(Get Free Report)

FTAI Infrastructure Ltd (NASDAQ: FIP) is a closed-end investment company that acquires and manages infrastructure assets offering stable, long-term cash flows. The company targets core and core-plus infrastructure sectors with contracted or regulated revenue streams, aiming to deliver attractive risk-adjusted returns for its shareholders. FTAI Infrastructure’s portfolio is diversified across multiple sub-sectors, geographies and counterparties to manage risk and capture growth opportunities in global infrastructure markets.

The company focuses on three primary investment categories: communications infrastructure, transport and logistics infrastructure, and utility infrastructure.

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