FTAI Infrastructure (NASDAQ:FIP) Earns Market Outperform Rating from Analysts at JMP Securities

JMP Securities started coverage on shares of FTAI Infrastructure (NASDAQ:FIP) in a research report sent to investors on Wednesday morning, Marketbeat Ratings reports. The firm issued a market outperform rating and a $11.00 target price on the stock.

Separately, BTIG Research upped their price objective on FTAI Infrastructure from $10.00 to $11.00 and gave the company a buy rating in a research note on Thursday, June 6th.

FTAI Infrastructure Stock Up 0.3 %

FIP opened at $8.63 on Wednesday. FTAI Infrastructure has a fifty-two week low of $2.84 and a fifty-two week high of $9.25. The firm has a market capitalization of $877.58 million, a P/E ratio of -4.45 and a beta of 1.35. The company’s 50-day moving average is $7.95 and its 200 day moving average is $5.92. The company has a debt-to-equity ratio of 3.95, a current ratio of 0.69 and a quick ratio of 0.69.

FTAI Infrastructure (NASDAQ:FIP) last posted its earnings results on Tuesday, May 7th. The company reported ($0.54) EPS for the quarter. FTAI Infrastructure had a negative return on equity of 37.21% and a negative net margin of 49.44%. The firm had revenue of $82.54 million for the quarter.

FTAI Infrastructure Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 29th. Shareholders of record on Friday, May 17th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend was Thursday, May 16th. FTAI Infrastructure’s payout ratio is -6.19%.

Institutional Investors Weigh In On FTAI Infrastructure

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in FTAI Infrastructure by 1.1% during the third quarter. Vanguard Group Inc. now owns 5,299,036 shares of the company’s stock valued at $17,063,000 after purchasing an additional 57,133 shares during the period. Luxor Capital Group LP lifted its position in shares of FTAI Infrastructure by 49.0% during the 4th quarter. Luxor Capital Group LP now owns 4,269,813 shares of the company’s stock valued at $16,610,000 after buying an additional 1,403,628 shares during the last quarter. Orchard Capital Management LLC grew its stake in shares of FTAI Infrastructure by 7.1% during the 4th quarter. Orchard Capital Management LLC now owns 2,471,786 shares of the company’s stock worth $9,615,000 after acquiring an additional 164,023 shares during the period. Pingora Partners LLC purchased a new stake in FTAI Infrastructure in the 4th quarter worth about $6,102,000. Finally, Cruiser Capital Advisors LLC raised its stake in FTAI Infrastructure by 67.6% in the 1st quarter. Cruiser Capital Advisors LLC now owns 432,255 shares of the company’s stock valued at $2,709,000 after acquiring an additional 174,325 shares during the period. Hedge funds and other institutional investors own 87.43% of the company’s stock.

FTAI Infrastructure Company Profile

FTAI Infrastructure Inc focuses on acquiring, developing, and operating assets and businesses that represent infrastructure for customers in the transportation, energy, and industrial products industries in North America. The company operates through five segments: Railroad, Jefferson Terminal, Repauno, Power and Gas, and Sustainability and Energy Transition.