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

Shares of FTAI Infrastructure Inc. (NASDAQ:FIP) have been given an average recommendation of “Moderate Buy” by the five analysts that are covering the firm, 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 brokerages that have updated their coverage on the stock in the last year is $9.95.

A number of equities research analysts recently weighed in on the stock. Wall Street Zen lowered shares of FTAI Infrastructure from a “sell” rating to a “strong sell” rating in a report on Monday, July 20th. BTIG Research reiterated a “buy” rating and set a $9.00 price target on shares of FTAI Infrastructure in a research note on Monday, September 28th. Citizens Jmp initiated coverage on FTAI Infrastructure in a report on Wednesday, July 15th. They set a “market outperform” rating and a $10.00 price objective for the company. Weiss Ratings reissued a “sell (e+)” rating on shares of FTAI Infrastructure in a research note on Wednesday, September 9th. Finally, Jefferies Financial Group set a $10.00 price objective on FTAI Infrastructure in a research note on Tuesday, September 29th.

Institutional Investors Weigh In On FTAI Infrastructure

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of FTAI Infrastructure in the 2nd quarter worth $8,591,000. Wellington Management Group LLP lifted its position in shares of FTAI Infrastructure by 10.3% during the second quarter. Wellington Management Group LLP now owns 13,490,351 shares of the company’s stock valued at $62,595,000 after purchasing an additional 1,259,468 shares in the last quarter. Fifth Third Bancorp bought a new position in shares of FTAI Infrastructure during the first quarter valued at about $1,839,000. Teachers Retirement System of The State of Kentucky boosted its holdings in FTAI Infrastructure by 43.5% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 433,930 shares of the company’s stock worth $2,144,000 after purchasing an additional 131,521 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its holdings 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 purchasing an additional 128,598 shares during the last quarter. 87.43% of the stock is owned by hedge funds and other institutional investors.

FTAI Infrastructure Stock Down 0.3%

FIP stock opened at $2.86 on Friday. The stock’s 50 day simple moving average is $2.97 and its 200 day simple moving average is $4.52. FTAI Infrastructure has a fifty-two week low of $2.23 and a fifty-two week high of $6.69.

FTAI Infrastructure (NASDAQ:FIP) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($1.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.60) by ($0.81). The business had revenue of $186.77 million during the quarter, compared to analyst estimates of $186.08 million.

FTAI Infrastructure Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Monday, August 24th were issued a dividend of $0.03 per share. The ex-dividend date was Monday, August 24th. This represents a $0.12 annualized dividend and a yield of 4.2%. FTAI Infrastructure’s dividend payout ratio is -2.31%.

About FTAI Infrastructure

FTAI Infrastructure Inc is an infrastructure company that owns and operates critical transportation and energy assets. Its portfolio is designed to support the movement, storage and processing of essential commodities and industrial products, with a focus on long-lived infrastructure that serves industrial and logistics customers.

The company’s businesses include Transtar, an industrial rail network serving manufacturing facilities, ports and other freight customers; Jefferson Terminal, a multimodal port and logistics facility on the U.S.