FTAI Infrastructure (NASDAQ:FIP) Downgraded by Wall Street Zen to “Strong Sell”

Wall Street Zen cut shares of FTAI Infrastructure (NASDAQ:FIP) from a sell rating to a strong sell rating in a research note published on Monday.

Other equities analysts also recently issued reports about the stock. JonesTrading began coverage on shares of FTAI Infrastructure in a report on Wednesday, July 1st. They set a “buy” rating and a $8.75 price objective for the company. BTIG Research lowered their target price 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. Citizens Jmp started coverage on shares of FTAI Infrastructure in a research report on Wednesday, July 15th. They issued a “market outperform” rating and a $10.00 price target for the company. Weiss Ratings restated a “sell (e+)” rating on shares of FTAI Infrastructure in a research note on Friday, June 12th. Finally, Compass Point set a $12.00 price objective on FTAI Infrastructure in a report on Tuesday, June 30th. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, FTAI Infrastructure currently has a consensus rating of “Moderate Buy” and an average price target of $9.94.

FTAI Infrastructure Trading Down 1.7%

Shares of NASDAQ FIP opened at $4.09 on Monday. The business has a fifty day simple moving average of $4.52 and a 200 day simple moving average of $5.18. The firm has a market capitalization of $483.27 million, a price-to-earnings ratio of -0.91 and a beta of 1.76. FTAI Infrastructure has a one year low of $3.90 and a one year high of $7.93.

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

FTAI Infrastructure Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Monday, May 18th were issued a $0.03 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $0.12 annualized dividend and a dividend yield of 2.9%. FTAI Infrastructure’s dividend payout ratio is presently -2.66%.

Insider Activity

In other news, CFO Carl Russell Iv Fletcher bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was acquired at an average price of $4.58 per share, for a total transaction of $45,800.00. Following the transaction, the chief financial officer directly owned 40,000 shares of the company’s stock, valued at $183,200. This trade represents a 33.33% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.17% of the stock is owned by company insiders.

Institutional Trading of FTAI Infrastructure

Several large investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its holdings 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. raised its stake in shares of FTAI Infrastructure by 4.9% during the third 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 last quarter. Alliancebernstein L.P. raised its stake in shares of FTAI Infrastructure by 3,990.2% during the third quarter. Alliancebernstein L.P. now owns 4,009,630 shares of the company’s stock worth $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% in the fourth quarter. Geode Capital Management LLC now owns 2,686,678 shares of the company’s stock valued at $12,387,000 after buying an additional 18,421 shares during the period. Finally, Royce & Associates LP lifted its holdings in FTAI Infrastructure by 24.4% in the fourth quarter. Royce & Associates LP now owns 2,682,778 shares of the company’s stock valued at $12,368,000 after buying an additional 527,000 shares during the period. 87.43% of the stock is owned by institutional investors.

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.