FTAI Infrastructure (NASDAQ:FIP) Cut to Strong Sell at Wall Street Zen

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

FIP has been the subject of several other research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of FTAI Infrastructure in a research report on Friday, June 12th. Compass Point set a $12.00 price objective on shares of FTAI Infrastructure in a research note on Tuesday, June 30th. Citizens Jmp initiated coverage on shares of FTAI Infrastructure in a report on Wednesday, July 15th. They set a “market outperform” rating and a $10.00 price objective on the stock. JonesTrading started coverage on shares of FTAI Infrastructure in a research note on Wednesday, July 1st. They issued a “buy” rating and a $8.75 price objective for the company. Finally, BTIG Research lowered their target price on FTAI Infrastructure from $10.00 to $9.00 and set a “buy” rating for the company in a report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, FTAI Infrastructure presently has an average rating of “Moderate Buy” and a consensus target price of $9.94.

FTAI Infrastructure Price Performance

FIP stock opened at $4.50 on Monday. The business has a 50-day moving average price of $4.52 and a 200 day moving average price of $5.18. The company has a market capitalization of $531.72 million, a P/E ratio of -1.00 and a beta of 1.76. FTAI Infrastructure has a 1-year low of $3.90 and a 1-year high of $7.93.

FTAI Infrastructure (NASDAQ:FIP) last released its quarterly earnings data on Thursday, May 7th. The company reported ($1.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.90). The business had revenue of $188.36 million during the quarter, compared to analysts’ expectations 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 revenue was up 95.8% compared to the same quarter last year.

FTAI Infrastructure Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Monday, May 18th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 2.7%. The ex-dividend date was Monday, May 18th. FTAI Infrastructure’s payout ratio is -2.66%.

Insider Buying and Selling

In other news, CFO Carl Russell Iv Fletcher bought 10,000 shares of FTAI Infrastructure stock in a transaction on Thursday, May 28th. The stock was acquired at an average cost of $4.58 per share, for a total transaction of $45,800.00. Following the completion of the acquisition, the chief financial officer owned 40,000 shares of the company’s stock, valued at $183,200. This trade represents a 33.33% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Wellington Management Group LLP purchased a new position in FTAI Infrastructure in the third quarter worth $28,939,000. Alliancebernstein L.P. increased its position 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 purchasing an additional 3,911,600 shares in the last quarter. Ares Management LLC purchased a new stake in shares of FTAI Infrastructure during the 4th quarter valued at $5,521,000. Northern Right Capital Management L.P. purchased a new stake in shares of FTAI Infrastructure during the 2nd quarter valued at $5,465,000. Finally, Shay Capital LLC boosted its position in shares of FTAI Infrastructure by 141.9% in the 3rd quarter. Shay Capital LLC now owns 1,270,060 shares of the company’s stock worth $5,537,000 after purchasing an additional 745,060 shares in the last quarter. Hedge funds and other institutional investors own 87.43% of the company’s stock.

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.