Shares of FTAI Infrastructure Inc. (NASDAQ:FIP – Get Free Report) have been given a consensus rating of “Moderate Buy” by the five ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $9.95.
A number of analysts recently weighed in on the company. Jefferies Financial Group set a $10.00 target price on FTAI Infrastructure in a research report on Tuesday. Citigroup reissued a “market outperform” rating on shares of FTAI Infrastructure in a research note on Tuesday. BTIG Research restated a “buy” rating and issued a $9.00 price objective on shares of FTAI Infrastructure in a report on Monday. Weiss Ratings restated a “sell (e+)” rating on shares of FTAI Infrastructure in a report on Wednesday, September 9th. Finally, Compass Point set a $12.00 price objective on shares of FTAI Infrastructure in a research note on Tuesday, June 30th.
Check Out Our Latest Analysis on FTAI Infrastructure
FTAI Infrastructure Stock Down 7.7%
FTAI Infrastructure (NASDAQ:FIP – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($1.41) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.60) by ($0.81). FTAI Infrastructure had a negative net margin of 74.10% and a negative return on equity of 147.01%. The firm had revenue of $186.77 million for the quarter, compared to analysts’ expectations of $186.08 million.
FTAI Infrastructure Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th were paid a $0.03 dividend. The ex-dividend date of this dividend was Monday, August 24th. This represents a $0.12 annualized dividend and a yield of 4.2%. FTAI Infrastructure’s payout ratio is currently -2.31%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. WINTON GROUP Ltd purchased a new position in shares of FTAI Infrastructure in the second quarter worth about $65,000. Connective Capital Management LLC purchased a new stake in FTAI Infrastructure during the 2nd quarter valued at about $167,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in FTAI Infrastructure during the 2nd quarter worth approximately $75,000. Wellington Management Group LLP increased its stake in FTAI Infrastructure by 10.3% in the 2nd quarter. Wellington Management Group LLP now owns 13,490,351 shares of the company’s stock worth $62,595,000 after purchasing an additional 1,259,468 shares during the period. Finally, Diamond Hill Capital Management LLC Investment Advisor purchased a new position in FTAI Infrastructure in the 2nd quarter worth approximately $8,591,000. 87.43% of the stock is owned by institutional investors.
FTAI Infrastructure News Roundup
Here are the key news stories impacting FTAI Infrastructure this week:
- Positive Sentiment: FTAI Energy Partners, FIP’s Jefferson subsidiary, agreed to acquire the Port Arthur Terminal in Texas and a 50% interest in Alberta’s Diluent Recovery Unit from USD Group for approximately $255 million. The assets are expected to generate about $50 million of annual EBITDA, potentially more than doubling Jefferson’s existing adjusted EBITDA. GlobeNewswire acquisition announcement
- Positive Sentiment: The acquired infrastructure is supported by a long-term take-or-pay contract with minimum volume commitments from an investment-grade counterparty. This could provide more predictable revenue and cash flow while expanding Jefferson’s crude-oil logistics platform and Gulf Coast customer base. RTTNews acquisition report
- Positive Sentiment: BTIG Research reaffirmed a “buy” rating with a $9.00 price target, while JonesTrading maintained its “buy” rating and set an $8.75 target. These targets imply substantial potential upside from the referenced $2.89 share price, signaling continued analyst confidence in FIP’s long-term value. JonesTrading rating report
About FTAI Infrastructure
FTAI Infrastructure Inc owns and operates critical infrastructure assets that support the transportation and energy sectors. The company focuses on businesses that provide essential services to industrial, commercial and governmental customers, including rail transportation, port and terminal operations, and power generation.
Its portfolio includes Transtar, a provider of industrial rail transportation and related services, as well as energy and logistics infrastructure such as the Jefferson Energy Companies terminal in Georgia, the Repauno Port and Rail Terminal in New Jersey, and the Long Ridge Energy Terminal and power-generation complex in Ohio.
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