FTAI Infrastructure (NASDAQ:FIP) Shares Up 10.8% – Should You Buy?

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Wall Street Zen downgraded shares of FTAI Infrastructure from a “hold” rating to a “sell” rating in a research report on Saturday. BTIG Research restated a “buy” rating and issued a $10.00 price target on shares of FTAI Infrastructure in a research report on Friday, February 27th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of FTAI Infrastructure in a research report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $11.00.

FTAI Infrastructure Price Performance

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 business has a 50 day moving average price of $5.77 and a 200-day moving average price of $5.17. The company has a market capitalization of $594.34 million, a price-to-earnings ratio of -2.19 and a beta of 1.86.

FTAI Infrastructure (NASDAQ:FIP) last released its earnings results on Thursday, February 26th. The company reported ($1.08) EPS for the quarter, missing the consensus estimate of ($0.43) by ($0.65). The business had revenue of $143.52 million for 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be given 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 2.4%. FTAI Infrastructure’s dividend payout ratio (DPR) is -5.22%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Larson Financial Group LLC lifted its holdings in shares of FTAI Infrastructure by 6,941.7% in the 4th quarter. Larson Financial Group LLC now owns 8,098 shares of the company’s stock worth $37,000 after purchasing an additional 7,983 shares in the last quarter. Russell Investments Group Ltd. increased its stake in FTAI Infrastructure by 12,129.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 9,172 shares of the company’s stock valued at $40,000 after purchasing an additional 9,097 shares in the last quarter. Optas LLC acquired a new position in FTAI Infrastructure during the third quarter worth $44,000. GSA Capital Partners LLP acquired a new position in FTAI Infrastructure during the third quarter worth $46,000. Finally, Xponance LLC bought a new position in shares of FTAI Infrastructure in the fourth quarter valued at $47,000. 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.