FTAI Infrastructure (NASDAQ:FIP – Free Report) had its price objective boosted by JMP Securities from $11.00 to $12.00 in a research note issued to investors on Tuesday, Benzinga reports. JMP Securities currently has a market outperform rating on the stock.
Separately, BTIG Research lifted their price objective on shares of FTAI Infrastructure from $10.00 to $11.00 and gave the company a buy rating in a research report on Thursday, June 6th.
Read Our Latest Stock Analysis on FIP
FTAI Infrastructure Stock Performance
FTAI Infrastructure (NASDAQ:FIP – Get Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.54) EPS for the quarter. FTAI Infrastructure had a negative net margin of 49.44% and a negative return on equity of 37.21%. The firm had revenue of $82.54 million during the quarter.
FTAI Infrastructure Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, May 29th. Stockholders of record on Friday, May 17th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend was Thursday, May 16th. FTAI Infrastructure’s dividend payout ratio is presently -6.19%.
Institutional Trading of FTAI Infrastructure
Hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC acquired a new stake in shares of FTAI Infrastructure during the 4th quarter worth about $25,000. Quadrature Capital Ltd acquired a new stake in shares of FTAI Infrastructure during the 4th quarter worth about $39,000. Cantor Fitzgerald Investment Advisors L.P. acquired a new stake in shares of FTAI Infrastructure during the 4th quarter worth about $41,000. Merit Financial Group LLC acquired a new stake in shares of FTAI Infrastructure during the 4th quarter worth about $48,000. Finally, Victory Capital Management Inc. lifted its stake in shares of FTAI Infrastructure by 23.2% during the 4th quarter. Victory Capital Management Inc. now owns 13,200 shares of the company’s stock worth $51,000 after buying an additional 2,490 shares during the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.
FTAI Infrastructure Company Profile
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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