FTAI Infrastructure (NASDAQ:FIP) Stock Price Up 10.8% – Still a Buy?

FTAI Infrastructure Inc. (NASDAQ:FIP)’s share price shot up 10.8% during trading on Monday . The company traded as high as $5.15 and last traded at $5.1390. 736,153 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 1,053,392 shares. The stock had previously closed at $4.64.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on FIP. Wall Street Zen downgraded FTAI Infrastructure from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings restated a “sell (d-)” rating on shares of FTAI Infrastructure in a research report on Thursday, January 22nd. Finally, BTIG Research reaffirmed a “buy” rating and set a $10.00 target price on shares of FTAI Infrastructure in a research note on Friday, February 27th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $11.00.

FTAI Infrastructure Stock Up 10.5%

The business’s 50 day simple moving average is $5.78 and its 200-day simple moving average is $5.16. The company has a debt-to-equity ratio of 110.28, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market cap of $605.69 million, a price-to-earnings ratio of -2.23 and a beta of 1.85.

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

FTAI Infrastructure Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.3%. FTAI Infrastructure’s dividend payout ratio (DPR) is -5.22%.

Institutional Investors Weigh In On FTAI Infrastructure

Large investors have recently made changes to their positions in the company. Wellington Management Group LLP raised its position in FTAI Infrastructure by 73.5% during the fourth quarter. Wellington Management Group LLP now owns 11,513,151 shares of the company’s stock valued at $53,076,000 after acquiring an additional 4,875,802 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of FTAI Infrastructure by 4.9% during the 3rd quarter. Vanguard Group Inc. now owns 6,281,484 shares of the company’s stock worth $27,387,000 after purchasing an additional 294,002 shares during the last quarter. Hood River Capital Management LLC raised its holdings in shares of FTAI Infrastructure by 1.3% during the 2nd quarter. Hood River Capital Management LLC now owns 5,987,061 shares of the company’s stock valued at $36,940,000 after purchasing an additional 75,784 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of FTAI Infrastructure by 3,990.2% during the 3rd quarter. Alliancebernstein L.P. now owns 4,009,630 shares of the company’s stock valued at $17,482,000 after purchasing an additional 3,911,600 shares in the last quarter. Finally, Frontier Capital Management Co. LLC lifted its stake in shares of FTAI Infrastructure by 425.7% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 3,639,934 shares of the company’s stock valued at $22,458,000 after purchasing an additional 2,947,567 shares during the last quarter. 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.