FTAI Infrastructure (NASDAQ:FIP) Price Target Cut to $9.00 by Analysts at BTIG Research

FTAI Infrastructure (NASDAQ:FIP) had its price objective reduced by BTIG Research from $10.00 to $9.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts have also commented on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of FTAI Infrastructure in a report on Thursday, January 22nd. Wall Street Zen lowered shares of FTAI Infrastructure from a “hold” rating to a “sell” rating in a report on Saturday, March 21st. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $9.00.

FTAI Infrastructure Trading Down 5.3%

Shares of NASDAQ FIP opened at $4.86 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 110.28. The business has a fifty day simple moving average of $5.45 and a two-hundred day simple moving average of $5.30. The firm has a market cap of $574.26 million, a PE ratio of -1.08 and a beta of 1.96. FTAI Infrastructure has a twelve month low of $3.90 and a twelve month high of $7.93.

FTAI Infrastructure (NASDAQ:FIP) last issued its earnings results on Thursday, May 7th. The company reported ($1.32) earnings per share 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 the consensus estimate of $182.41 million. FTAI Infrastructure had a negative net margin of 68.58% and a negative return on equity of 1,230.19%. The firm’s revenue was up 95.8% on a year-over-year basis.

FTAI Infrastructure Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Monday, May 18th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Monday, May 18th. FTAI Infrastructure’s dividend payout ratio is currently -5.22%.

Institutional Inflows and Outflows

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

About FTAI Infrastructure

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.