FTAI Infrastructure (NASDAQ:FIP) Downgraded by Wall Street Zen to “Sell”

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

Several other equities research analysts also recently weighed in on FIP. Weiss Ratings reissued a “sell (d-)” rating on shares of FTAI Infrastructure in a report on Thursday, January 22nd. BTIG Research reaffirmed a “buy” rating and issued a $10.00 target price on shares of FTAI Infrastructure in a report on Friday, February 27th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, FTAI Infrastructure currently has an average rating of “Hold” and a consensus price target of $11.00.

FTAI Infrastructure Price Performance

Shares of NASDAQ:FIP opened at $4.64 on Friday. FTAI Infrastructure has a one year low of $3.10 and a one year high of $7.93. The company has a debt-to-equity ratio of 110.28, a current ratio of 1.18 and a quick ratio of 0.25. The company has a market cap of $548.26 million, a price-to-earnings ratio of -2.02 and a beta of 1.86. The firm has a 50 day simple moving average of $5.78 and a 200 day simple moving average of $5.15.

FTAI Infrastructure (NASDAQ:FIP) last posted its 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 for the quarter, compared to the consensus estimate 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 firm 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 annualized dividend and a dividend yield of 2.6%. FTAI Infrastructure’s dividend payout ratio (DPR) is presently -5.22%.

Hedge Funds Weigh In On FTAI Infrastructure

Hedge funds have recently modified their holdings of the business. AQR Capital Management LLC increased its holdings in FTAI Infrastructure by 2.8% in the fourth quarter. AQR Capital Management LLC now owns 70,436 shares of the company’s stock valued at $325,000 after purchasing an additional 1,920 shares during the period. Merit Financial Group LLC grew its position in shares of FTAI Infrastructure by 21.3% in the 4th quarter. Merit Financial Group LLC now owns 15,858 shares of the company’s stock valued at $73,000 after buying an additional 2,787 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its position in shares of FTAI Infrastructure by 9.9% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 33,171 shares of the company’s stock valued at $145,000 after buying an additional 2,979 shares during the last quarter. Rhumbline Advisers increased its stake in shares of FTAI Infrastructure by 1.9% in the third quarter. Rhumbline Advisers now owns 194,180 shares of the company’s stock valued at $847,000 after buying an additional 3,620 shares during the period. Finally, Stephens Inc. AR increased its stake in shares of FTAI Infrastructure by 9.7% in the third quarter. Stephens Inc. AR now owns 50,910 shares of the company’s stock valued at $222,000 after buying an additional 4,500 shares during the period. Institutional investors and hedge funds 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.