FTAI Infrastructure Inc. (NASDAQ:FIP) Stock Has Average Target Price of $9.95

Shares of FTAI Infrastructure Inc. (NASDAQ:FIP) have been given an average rating of “Moderate Buy” by the five research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $9.95.

Several research analysts recently weighed in on the company. BTIG Research reaffirmed a “buy” rating and issued a $9.00 target price on shares of FTAI Infrastructure in a research report on Monday, September 28th. Compass Point set a $12.00 price target on FTAI Infrastructure in a research report on Tuesday, June 30th. JonesTrading restated a “buy” rating and set a $8.75 price target on shares of FTAI Infrastructure in a research note on Monday, September 28th. Citigroup restated a “market outperform” rating on shares of FTAI Infrastructure in a research note on Tuesday, September 29th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of FTAI Infrastructure in a report on Wednesday, September 9th.

FTAI Infrastructure Price Performance

FIP stock traded up $0.02 on Friday, hitting $2.54. 1,198,787 shares of the company were exchanged, compared to its average volume of 1,440,849. The stock has a market capitalization of $300.18 million, a price-to-earnings ratio of -0.49 and a beta of 1.84. FTAI Infrastructure has a twelve month low of $2.23 and a twelve month high of $6.69. The business’s fifty day moving average is $3.08 and its two-hundred day moving average is $4.13.

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

FTAI Infrastructure Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.7%. FTAI Infrastructure’s payout ratio is presently -2.31%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. WINTON GROUP Ltd purchased a new position in FTAI Infrastructure in the second quarter valued at approximately $65,000. Connective Capital Management LLC purchased a new stake in FTAI Infrastructure during the second quarter worth approximately $167,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of FTAI Infrastructure in the second quarter worth $75,000. Wellington Management Group LLP increased its position in shares of FTAI Infrastructure by 10.3% in the second quarter. Wellington Management Group LLP now owns 13,490,351 shares of the company’s stock worth $62,595,000 after acquiring an additional 1,259,468 shares in the last quarter. Finally, Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of FTAI Infrastructure in the 2nd quarter valued at $8,591,000. Hedge funds and other institutional investors own 87.43% of the company’s stock.

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.