FTAI Infrastructure (NASDAQ:FIP) Trading Down 4% – Here’s Why

FTAI Infrastructure Inc. (NASDAQ:FIP) shares were down 4% on Friday . The stock traded as low as $4.84 and last traded at $4.8750. Approximately 338,478 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 780,895 shares. The stock had previously closed at $5.08.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on FIP shares. BTIG Research boosted their price objective on shares of FTAI Infrastructure from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Weiss Ratings reissued a “sell (d-)” rating on shares of FTAI Infrastructure in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $11.00.

FTAI Infrastructure Stock Performance

The stock has a fifty day simple moving average of $4.73 and a two-hundred day simple moving average of $5.20. The company has a debt-to-equity ratio of 110.28, a quick ratio of 0.25 and a current ratio of 0.25. The stock has a market capitalization of $573.89 million, a price-to-earnings ratio of -2.00 and a beta of 1.86.

FTAI Infrastructure (NASDAQ:FIP) last released its earnings results on Thursday, October 30th. The company reported ($1.38) EPS for the quarter, missing the consensus estimate of ($0.59) by ($0.79). FTAI Infrastructure had a negative return on equity of 75.13% and a negative net margin of 41.09%.The business had revenue of $140.56 million for the quarter, compared to analyst estimates of $146.37 million.

FTAI Infrastructure Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were issued a dividend of $0.03 per share. The ex-dividend date was Friday, November 14th. This represents a $0.12 annualized dividend and a dividend yield of 2.4%. FTAI Infrastructure’s dividend payout ratio is currently -4.88%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV lifted its position in shares of FTAI Infrastructure by 9.9% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 33,171 shares of the company’s stock worth $145,000 after buying an additional 2,979 shares in the last quarter. Rhumbline Advisers grew its holdings 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 acquiring an additional 3,620 shares in the last quarter. Stephens Inc. AR lifted its holdings in FTAI Infrastructure by 9.7% during the third quarter. Stephens Inc. AR now owns 50,910 shares of the company’s stock worth $222,000 after acquiring an additional 4,500 shares during the period. American Trust lifted its holdings in FTAI Infrastructure by 45.5% during the third quarter. American Trust now owns 16,415 shares of the company’s stock worth $72,000 after acquiring an additional 5,135 shares during the period. Finally, Mariner LLC grew its stake in FTAI Infrastructure by 6.3% in the 3rd quarter. Mariner LLC now owns 95,447 shares of the company’s stock valued at $416,000 after purchasing an additional 5,628 shares during the period. 87.43% of the stock is owned by institutional investors and hedge funds.

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.