FTAI Infrastructure Inc. (NASDAQ:FIP) Stock Rated “Moderate Buy” by Sell-Side Analysts

FTAI Infrastructure Inc. (NASDAQ:FIP) has received an average recommendation of “Moderate Buy” from the five ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $9.95.

A number of research firms recently commented on FIP. Citizens Jmp started coverage on FTAI Infrastructure in a research note on Wednesday, July 15th. They issued a “market outperform” rating and a $10.00 target price on the stock. Jefferies Financial Group set a $10.00 price objective on FTAI Infrastructure in a report on Tuesday, September 29th. JonesTrading reissued a “buy” rating and set a $8.75 price objective on shares of FTAI Infrastructure in a report on Monday, September 28th. BTIG Research restated a “buy” rating and issued a $9.00 target price on shares of FTAI Infrastructure in a research report on Monday, September 28th. Finally, Wall Street Zen downgraded FTAI Infrastructure from a “sell” rating to a “strong sell” rating in a research report on Monday, July 20th.

Institutional Trading of FTAI Infrastructure

Hedge funds have recently added to or reduced their stakes in the business. WINTON GROUP Ltd purchased a new position in shares of FTAI Infrastructure in the second quarter worth about $65,000. Connective Capital Management LLC purchased a new stake in FTAI Infrastructure during the 2nd quarter valued at about $167,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in FTAI Infrastructure during the 2nd quarter worth approximately $75,000. Wellington Management Group LLP grew its position in FTAI Infrastructure by 10.3% during the 2nd quarter. Wellington Management Group LLP now owns 13,490,351 shares of the company’s stock worth $62,595,000 after acquiring an additional 1,259,468 shares during the last quarter. Finally, Diamond Hill Capital Management LLC Investment Advisor purchased a new position in FTAI Infrastructure in the 2nd quarter worth approximately $8,591,000. 87.43% of the stock is owned by institutional investors.

FTAI Infrastructure Price Performance

Shares of NASDAQ:FIP opened at $2.71 on Tuesday. The company’s fifty day moving average price is $3.51 and its 200-day moving average price is $4.36. The firm has a market capitalization of $320.27 million, a price-to-earnings ratio of -0.52 and a beta of 1.84. FTAI Infrastructure has a one year low of $2.59 and a one year high of $6.69.

FTAI Infrastructure (NASDAQ:FIP) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($1.41) earnings per share for the quarter, missing the consensus estimate of ($0.60) by ($0.81). The firm had revenue of $186.77 million for the quarter, compared to analysts’ expectations of $186.08 million.

FTAI Infrastructure Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th were paid a $0.03 dividend. The ex-dividend date of this dividend was Monday, August 24th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 4.4%. FTAI Infrastructure’s dividend payout ratio is -2.31%.

About FTAI Infrastructure

FTAI Infrastructure Inc is an infrastructure company that owns and operates assets in the transportation and energy sectors. Its portfolio is focused primarily on rail transportation, port and terminal facilities, and related infrastructure that supports the movement and storage of industrial commodities.

Through its Transtar platform, the company operates freight railroads and provides rail transportation and infrastructure services to industrial customers. Its other operations include deep-water port and terminal facilities, energy terminals, and power-related infrastructure designed to support the handling, storage, and delivery of energy products and other bulk materials.

FTAI Infrastructure’s assets are located primarily in the United States, serving industrial markets and supply chains through strategically positioned rail, port, terminal, and energy facilities.