FTAI Infrastructure (NASDAQ:FIP) Coverage Initiated by Analysts at Citizens Jmp

Citizens Jmp began coverage on shares of FTAI Infrastructure (NASDAQ:FIP) in a report released on Wednesday morning, MarketBeat.com reports. The brokerage issued a market outperform rating and a $10.00 price objective on the stock.

Several other analysts have also recently commented on FIP. Wall Street Zen raised shares of FTAI Infrastructure from a “strong sell” rating to a “sell” rating in a research note on Sunday. Compass Point set a $12.00 price target on FTAI Infrastructure in a research note on Tuesday, June 30th. Weiss Ratings restated a “sell (e+)” rating on shares of FTAI Infrastructure in a report on Friday, June 12th. BTIG Research lowered their price objective on FTAI Infrastructure from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Finally, JonesTrading started coverage on FTAI Infrastructure in a research note on Wednesday, July 1st. They issued a “buy” rating and a $8.75 target price for the company. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, FTAI Infrastructure presently has an average rating of “Moderate Buy” and a consensus price target of $9.94.

FTAI Infrastructure Trading Down 2.5%

NASDAQ:FIP opened at $4.35 on Wednesday. FTAI Infrastructure has a 12-month low of $3.90 and a 12-month high of $7.93. The firm has a market cap of $514.00 million, a price-to-earnings ratio of -0.96 and a beta of 1.76. The company’s 50-day moving average is $4.57 and its two-hundred day moving average is $5.19.

FTAI Infrastructure (NASDAQ:FIP) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($1.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.90). The firm had revenue of $188.36 million for the quarter, compared to analysts’ expectations of $182.41 million. FTAI Infrastructure had a negative return on equity of 147.01% and a negative net margin of 68.58%.The company’s revenue was up 95.8% compared to the same quarter last year.

FTAI Infrastructure Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Monday, May 18th were given a $0.03 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $0.12 annualized dividend and a yield of 2.8%. FTAI Infrastructure’s dividend payout ratio (DPR) is -2.66%.

Insider Activity

In other news, CFO Carl Russell Iv Fletcher bought 10,000 shares of FTAI Infrastructure stock in a transaction dated Thursday, May 28th. The shares were acquired at an average cost of $4.58 per share, with a total value of $45,800.00. Following the completion of the transaction, the chief financial officer owned 40,000 shares in the company, valued at approximately $183,200. This trade represents a 33.33% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FTAI Infrastructure

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its stake in shares of FTAI Infrastructure by 73.5% in the fourth quarter. Wellington Management Group LLP now owns 11,513,151 shares of the company’s stock worth $53,076,000 after acquiring an additional 4,875,802 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of FTAI Infrastructure by 4.9% during the 3rd quarter. Vanguard Group Inc. now owns 6,281,484 shares of the company’s stock valued at $27,387,000 after buying an additional 294,002 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of FTAI Infrastructure by 3,990.2% during the 3rd quarter. Alliancebernstein L.P. now owns 4,009,630 shares of the company’s stock valued at $17,482,000 after buying an additional 3,911,600 shares during the last quarter. Geode Capital Management LLC lifted its holdings in FTAI Infrastructure by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 2,686,678 shares of the company’s stock worth $12,387,000 after buying an additional 18,421 shares during the last quarter. Finally, Royce & Associates LP grew its position in shares of FTAI Infrastructure by 24.4% in the 4th quarter. Royce & Associates LP now owns 2,682,778 shares of the company’s stock worth $12,368,000 after acquiring an additional 527,000 shares in the last quarter. Hedge funds and other institutional investors own 87.43% of the company’s stock.

FTAI Infrastructure Company Profile

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.