Teachers Retirement System of The State of Kentucky Makes New Investment in FTAI Infrastructure Inc. $FIP

Key Points

• Teachers Retirement System of The State of Kentucky opened a new position in FTAI Infrastructure (NASDAQ:FIP), acquiring 302,409 shares worth about $1.39 million, representing roughly 0.26% of the company.
• FTAI Infrastructure reported a weak quarter—EPS of ($1.08) missed estimates by $0.65 and revenue of $143.5M fell short of $169.2M—leaving the company with negative margins and return on equity and a high debt-to-equity ratio (110.28).
• Analysts are split with a consensus "Hold" and an average price target of $10.00; the stock trades near $5.58, pays a $0.03 quarterly dividend (≈2.2% yield), and has a 52-week range of $3.90–$7.93.

Teachers Retirement System of The State of Kentucky acquired a new position in FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 302,409 shares of the company's stock, valued at approximately $1,394,000. Teachers Retirement System of The State of Kentucky owned about 0.26% of FTAI Infrastructure at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Lazard Asset Management LLC bought a new position in shares of FTAI Infrastructure during the 2nd quarter valued at approximately $55,000. Russell Investments Group Ltd. increased its position in shares of 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 during the last quarter. Brown Advisory Inc. bought a new position in shares of FTAI Infrastructure during the 2nd quarter valued at approximately $63,000. GSA Capital Partners LLP bought a new position in shares of FTAI Infrastructure during the 3rd quarter valued at approximately $46,000. Finally, CIBC Bancorp USA Inc. bought a new position in shares of FTAI Infrastructure during the 3rd quarter valued at approximately $50,000. Institutional investors own 87.43% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on FIP. Wall Street Zen downgraded FTAI Infrastructure from a "hold" rating to a "sell" rating in a research report on Saturday, March 21st. BTIG Research reissued a "buy" rating and set a $10.00 target price on shares of FTAI Infrastructure in a research report on Friday, February 27th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of FTAI Infrastructure in a research report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, FTAI Infrastructure currently has a consensus rating of "Hold" and an average price target of $10.00.

FTAI Infrastructure Price Performance

FIP opened at $5.58 on Wednesday. The business has a fifty day moving average of $5.49 and a 200 day moving average of $5.30. FTAI Infrastructure Inc. has a 52-week low of $3.90 and a 52-week high of $7.93. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 110.28. The stock has a market cap of $659.33 million, a P/E ratio of -2.43 and a beta of 1.90.

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

FTAI Infrastructure Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Friday, March 13th. FTAI Infrastructure's dividend payout ratio is currently -5.22%.

About FTAI Infrastructure

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.

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