American Assets Capital Advisers LLC Has $33.52 Million Stock Position in FTAI Infrastructure Inc. (NASDAQ:FIP)

American Assets Capital Advisers LLC cut its stake in shares of FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) by 21.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,581,221 shares of the company's stock after selling 996,352 shares during the period. FTAI Infrastructure accounts for about 10.3% of American Assets Capital Advisers LLC's investment portfolio, making the stock its biggest holding. American Assets Capital Advisers LLC owned 3.15% of FTAI Infrastructure worth $33,520,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Hood River Capital Management LLC raised its holdings in shares of FTAI Infrastructure by 26.5% in the 2nd quarter. Hood River Capital Management LLC now owns 2,957,163 shares of the company's stock valued at $25,520,000 after purchasing an additional 618,625 shares during the period. Highland Peak Capital LLC acquired a new position in FTAI Infrastructure during the second quarter worth approximately $5,148,000. Dimensional Fund Advisors LP raised its stake in FTAI Infrastructure by 44.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,470,225 shares of the company's stock valued at $12,688,000 after buying an additional 449,481 shares during the period. Luxor Capital Group LP lifted its position in shares of FTAI Infrastructure by 8.0% in the second quarter. Luxor Capital Group LP now owns 5,681,893 shares of the company's stock valued at $49,035,000 after buying an additional 420,019 shares during the last quarter. Finally, First Eagle Investment Management LLC bought a new position in shares of FTAI Infrastructure during the 2nd quarter worth approximately $2,766,000. 87.43% of the stock is currently owned by institutional investors.

FTAI Infrastructure Stock Performance

FTAI Infrastructure stock traded down $0.33 during midday trading on Tuesday, hitting $9.23. The company's stock had a trading volume of 1,966,269 shares, compared to its average volume of 1,189,060. The company has a 50-day moving average price of $8.99 and a two-hundred day moving average price of $8.84. FTAI Infrastructure Inc. has a 1-year low of $3.27 and a 1-year high of $10.45. The company has a market cap of $1.05 billion, a price-to-earnings ratio of -4.75 and a beta of 1.36. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.42 and a quick ratio of 2.10.

FTAI Infrastructure Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Tuesday, November 12th. FTAI Infrastructure's dividend payout ratio (DPR) is currently -6.06%.

Analysts Set New Price Targets

Separately, JMP Securities reissued a "market outperform" rating and issued a $12.00 price target on shares of FTAI Infrastructure in a report on Monday, August 5th.

About FTAI Infrastructure

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.