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

Wall Street Zen cut shares of FTAI Infrastructure (NASDAQ:FIP) from a hold rating to a sell rating in a research report sent to investors on Saturday morning.

FIP has been the subject of a number of other research reports. BTIG Research reaffirmed a “buy” rating and set a $10.00 target price on shares of FTAI Infrastructure in a research report on Friday, February 27th. Weiss Ratings restated a “sell (d-)” rating on shares of FTAI Infrastructure in a research note on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.00.

FTAI Infrastructure Price Performance

Shares of NASDAQ:FIP opened at $5.08 on Friday. FTAI Infrastructure has a fifty-two week low of $3.10 and a fifty-two week high of $7.93. The business has a 50-day moving average of $5.78 and a two-hundred day moving average of $5.17. The stock has a market capitalization of $600.25 million, a P/E ratio of -2.21 and a beta of 1.85. The company has a debt-to-equity ratio of 110.28, a current ratio of 1.18 and a quick ratio of 1.18.

FTAI Infrastructure (NASDAQ:FIP) last issued its quarterly earnings data on Thursday, February 26th. The company reported ($1.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.65). FTAI Infrastructure had a negative net margin of 31.93% and a negative return on equity of 147.01%. The company had revenue of $143.52 million for the quarter, compared to analyst estimates of $169.16 million.

FTAI Infrastructure Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, March 13th. FTAI Infrastructure’s payout ratio is currently -5.22%.

Institutional Trading of FTAI Infrastructure

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP increased its position in FTAI Infrastructure by 73.5% in the 4th quarter. Wellington Management Group LLP now owns 11,513,151 shares of the company’s stock worth $53,076,000 after buying an additional 4,875,802 shares during the period. Vanguard Group Inc. grew its stake in shares of FTAI Infrastructure by 4.9% in the third quarter. Vanguard Group Inc. now owns 6,281,484 shares of the company’s stock worth $27,387,000 after acquiring an additional 294,002 shares during the last quarter. Hood River Capital Management LLC grew its stake in shares of FTAI Infrastructure by 1.3% in the second quarter. Hood River Capital Management LLC now owns 5,987,061 shares of the company’s stock worth $36,940,000 after acquiring an additional 75,784 shares during the last quarter. Alliancebernstein L.P. increased its position in 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 acquiring an additional 3,911,600 shares during the period. Finally, Frontier Capital Management Co. LLC increased its position in FTAI Infrastructure by 425.7% during the second quarter. Frontier Capital Management Co. LLC now owns 3,639,934 shares of the company’s stock worth $22,458,000 after acquiring an additional 2,947,567 shares during the period. Institutional investors and hedge funds own 87.43% of the company’s stock.

About FTAI Infrastructure

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.