FTAI Infrastructure (NASDAQ:FIP) Price Target Increased to $11.00 by Analysts at BTIG Research

FTAI Infrastructure (NASDAQ:FIPFree Report) had its price target boosted by BTIG Research from $10.00 to $11.00 in a report issued on Thursday, Benzinga reports. They currently have a buy rating on the stock.

FTAI Infrastructure Stock Up 0.1 %

Shares of NASDAQ FIP opened at $7.73 on Thursday. The stock has a market capitalization of $786.06 million, a P/E ratio of -3.98 and a beta of 1.35. The stock’s fifty day moving average is $7.46 and its 200 day moving average is $5.45. FTAI Infrastructure has a 52 week low of $2.84 and a 52 week high of $9.25. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.69 and a current ratio of 0.69.

FTAI Infrastructure (NASDAQ:FIPGet Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.54) EPS for the quarter. The firm had revenue of $82.54 million for the quarter. FTAI Infrastructure had a negative net margin of 49.44% and a negative return on equity of 37.21%.

FTAI Infrastructure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 29th. Shareholders of record on Friday, May 17th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend was Thursday, May 16th. FTAI Infrastructure’s payout ratio is -6.19%.

Institutional Trading of FTAI Infrastructure

Hedge funds have recently added to or reduced their stakes in the stock. Cruiser Capital Advisors LLC increased its holdings in shares of FTAI Infrastructure by 67.6% during the first quarter. Cruiser Capital Advisors LLC now owns 432,255 shares of the company’s stock worth $2,709,000 after buying an additional 174,325 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of FTAI Infrastructure by 22.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 28,483 shares of the company’s stock valued at $179,000 after buying an additional 5,244 shares during the period. Lazard Asset Management LLC acquired a new stake in FTAI Infrastructure during the 1st quarter worth approximately $213,000. ProShare Advisors LLC grew its holdings in FTAI Infrastructure by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 17,783 shares of the company’s stock worth $112,000 after acquiring an additional 1,400 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in FTAI Infrastructure in the 1st quarter valued at approximately $848,000. Institutional investors and hedge funds own 87.43% of the company’s stock.

FTAI Infrastructure Company Profile

(Get Free Report)

FTAI Infrastructure Inc focuses on acquiring, developing, and operating assets and businesses that represent infrastructure for customers in the transportation, energy, and industrial products industries in North America. The company operates through five segments: Railroad, Jefferson Terminal, Repauno, Power and Gas, and Sustainability and Energy Transition.

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