FTAI Infrastructure’s (FIP) Buy Rating Reiterated at BTIG Research

BTIG Research restated their buy rating on shares of FTAI Infrastructure (NASDAQ:FIP) in a report issued on Monday morning,Benzinga reports. The firm currently has a $9.00 price objective on the stock.

Other equities analysts also recently issued research reports about the stock. Compass Point set a $12.00 price target on shares of FTAI Infrastructure in a report on Tuesday, June 30th. Citizens Jmp began coverage on shares of FTAI Infrastructure in a report on Wednesday, July 15th. They issued a “market outperform” rating and a $10.00 price objective on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of FTAI Infrastructure in a research report on Wednesday, September 9th. JonesTrading restated a “buy” rating and issued a $8.75 price target on shares of FTAI Infrastructure in a research note on Monday. Finally, Wall Street Zen cut FTAI Infrastructure from a “sell” rating to a “strong sell” rating in a report on Monday, July 20th. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, FTAI Infrastructure presently has an average rating of “Moderate Buy” and a consensus price target of $9.95.

FTAI Infrastructure Trading Down 2.1%

Shares of NASDAQ FIP opened at $2.76 on Monday. FTAI Infrastructure has a 12-month low of $2.75 and a 12-month high of $6.69. The company has a market cap of $326.18 million, a price-to-earnings ratio of -0.53 and a beta of 1.79. The stock’s 50 day simple moving average is $3.60 and its 200 day simple moving average is $4.42.

FTAI Infrastructure (NASDAQ:FIP) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($1.41) EPS for the quarter, missing analysts’ consensus estimates of ($0.60) by ($0.81). FTAI Infrastructure had a negative return on equity of 147.01% and a negative net margin of 74.10%.The company had revenue of $186.77 million for the quarter, compared to the consensus estimate of $186.08 million.

FTAI Infrastructure Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Monday, August 24th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Monday, August 24th. FTAI Infrastructure’s dividend payout ratio is currently -2.31%.

Institutional Trading of FTAI Infrastructure

A number of hedge funds and other institutional investors have recently made changes to their positions in FIP. Bank of America Corp DE lifted its stake 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 worth $1,388,000 after acquiring an additional 4,810 shares during the period. WINTON GROUP Ltd acquired a new position in shares of FTAI Infrastructure during the second quarter valued at approximately $65,000. Fortitude Advisory Group L.L.C. acquired a new position in shares of FTAI Infrastructure during the first quarter valued at approximately $74,000. Savant Capital LLC bought a new stake in FTAI Infrastructure during the fourth quarter worth approximately $72,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in FTAI Infrastructure during the second quarter worth approximately $75,000. 87.43% of the stock is currently owned by institutional investors.

FTAI Infrastructure Company Profile

FTAI Infrastructure Inc owns and operates critical infrastructure assets that support the transportation and energy sectors. The company focuses on businesses that provide essential services to industrial, commercial and governmental customers, including rail transportation, port and terminal operations, and power generation.

Its portfolio includes Transtar, a provider of industrial rail transportation and related services, as well as energy and logistics infrastructure such as the Jefferson Energy Companies terminal in Georgia, the Repauno Port and Rail Terminal in New Jersey, and the Long Ridge Energy Terminal and power-generation complex in Ohio.