FTAI Infrastructure (NASDAQ:FIP) Stock Price Down 0.4% - Here's Why

Key Points

• FTAI Infrastructure shares fell 0.4% to $2.31, with trading volume slightly above average. The stock remains below its 50-day and 200-day moving averages.
• Analysts maintain a generally positive outlook, with four Buy ratings and one Sell rating; the consensus price target is $9.95, well above the current price.
• The company reported a quarterly loss of $1.41 per share, missing estimates by $0.81, while revenue of $186.77 million slightly exceeded expectations. It also paid a $0.03 quarterly dividend, representing a 5.2% annualized yield.

FTAI Infrastructure Inc. (NASDAQ:FIP - Get Free Report)'s stock price was down 0.4% on Tuesday. The stock traded as low as $2.26 and last traded at $2.31. 1,463,227 shares were traded during trading, an increase of 6% from the average session volume of 1,386,296 shares. The stock had previously closed at $2.32.

Analysts Set New Price Targets

A number of research firms recently commented on FIP. Jefferies Financial Group set a $10.00 target price on shares of FTAI Infrastructure in a research report on Tuesday, September 29th. BTIG Research reiterated a "buy" rating and set a $9.00 price target on shares of FTAI Infrastructure in a research note on Monday, September 28th. Compass Point set a $12.00 price target on shares of FTAI Infrastructure in a research report on Tuesday, June 30th. Wall Street Zen downgraded shares of FTAI Infrastructure from a "sell" rating to a "strong sell" rating in a research note on Monday, July 20th. Finally, Citigroup reaffirmed a "market outperform" rating on shares of FTAI Infrastructure in a report on Tuesday, September 29th. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $9.95.

FTAI Infrastructure Trading Down 0.4%

The company has a market capitalization of $273.00 million, a price-to-earnings ratio of -0.45 and a beta of 1.84. The firm's 50 day simple moving average is $3.20 and its 200-day simple moving average is $4.18.

FTAI Infrastructure (NASDAQ:FIP - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($1.41) EPS for the quarter, missing analysts' consensus estimates of ($0.60) by ($0.81). The business had revenue of $186.77 million for the quarter, compared to the consensus estimate of $186.08 million.

FTAI Infrastructure Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date was Monday, August 24th. FTAI Infrastructure's payout ratio is -2.31%.

Institutional Investors Weigh In On FTAI Infrastructure

A number of hedge funds have recently added to or reduced their stakes in the company. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of FTAI Infrastructure in the second quarter valued at approximately $8,591,000. Wellington Management Group LLP grew its holdings in FTAI Infrastructure by 10.3% during the second quarter. Wellington Management Group LLP now owns 13,490,351 shares of the company's stock worth $62,595,000 after acquiring an additional 1,259,468 shares during the period. Fifth Third Bancorp acquired a new position in FTAI Infrastructure during the first quarter worth $1,839,000. Teachers Retirement System of The State of Kentucky raised its position in FTAI Infrastructure by 43.5% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 433,930 shares of the company's stock worth $2,144,000 after acquiring an additional 131,521 shares in the last quarter. Finally, Lazard Asset Management LLC raised its position in FTAI Infrastructure by 38.0% in the first quarter. Lazard Asset Management LLC now owns 467,149 shares of the company's stock worth $2,308,000 after acquiring an additional 128,598 shares in the last quarter. Institutional investors and hedge funds own 87.43% of the company's stock.

FTAI Infrastructure Company Profile

FTAI Infrastructure Inc is an infrastructure company that owns and operates assets in the transportation and energy sectors. Its portfolio is focused primarily on rail transportation, port and terminal facilities, and related infrastructure that supports the movement and storage of industrial commodities.

Through its Transtar platform, the company operates freight railroads and provides rail transportation and infrastructure services to industrial customers. Its other operations include deep-water port and terminal facilities, energy terminals, and power-related infrastructure designed to support the handling, storage, and delivery of energy products and other bulk materials.

FTAI Infrastructure's assets are located primarily in the United States, serving industrial markets and supply chains through strategically positioned rail, port, terminal, and energy facilities.

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