FTAI Infrastructure (NASDAQ:FIP) Research Coverage Started at Citizens Jmp

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

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

FTAI Infrastructure Price Performance

FIP stock opened at $4.16 on Wednesday. FTAI Infrastructure has a 1-year low of $3.90 and a 1-year high of $7.93. The business has a 50 day simple moving average of $4.53 and a two-hundred day simple moving average of $5.18. The company has a market capitalization of $491.55 million, a price-to-earnings ratio of -0.92 and a beta of 1.76.

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

FTAI Infrastructure Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Monday, May 18th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 2.9%. The ex-dividend date was Monday, May 18th. FTAI Infrastructure’s payout ratio is currently -2.66%.

Insiders Place Their Bets

In other FTAI Infrastructure news, CFO Carl Russell Iv Fletcher purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were bought at an average price of $4.58 per share, with a total value of $45,800.00. Following the completion of the purchase, the chief financial officer directly owned 40,000 shares in the company, valued at $183,200. This trade represents a 33.33% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 2.40% of the company’s stock.

Institutional Trading of FTAI Infrastructure

A number of large investors have recently made changes to their positions in the business. Bank of America Corp DE lifted its holdings in shares of FTAI Infrastructure by 1.7% in the 1st quarter. Bank of America Corp DE now owns 281,015 shares of the company’s stock valued at $1,388,000 after acquiring an additional 4,810 shares during the last quarter. Royal Bank of Canada increased its stake in FTAI Infrastructure by 47.2% during the first quarter. Royal Bank of Canada now owns 69,236 shares of the company’s stock worth $341,000 after acquiring an additional 22,214 shares during the last quarter. Quantinno Capital Management LP increased its stake in FTAI Infrastructure by 28.3% during the first quarter. Quantinno Capital Management LP now owns 86,840 shares of the company’s stock worth $429,000 after acquiring an additional 19,155 shares during the last quarter. Lazard Asset Management LLC increased its stake in FTAI Infrastructure by 38.0% during the first quarter. Lazard Asset Management LLC now owns 467,149 shares of the company’s stock worth $2,308,000 after acquiring an additional 128,598 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID raised its position in FTAI Infrastructure by 288.6% during the first quarter. Legacy Wealth Managment LLC ID now owns 128,589 shares of the company’s stock valued at $635,000 after purchasing an additional 95,498 shares during the period. 87.43% of the stock is currently owned by institutional investors.

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.