Shares of Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI – Get Rating) have been assigned an average rating of "Moderate Buy" from the five research firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $30.63.
A number of research firms have weighed in on FTAI. Raymond James cut their price objective on shares of Fortress Transportation and Infrastructure Investors from $27.00 to $23.00 and set an "outperform" rating for the company in a report on Tuesday, August 2nd. Deutsche Bank Aktiengesellschaft started coverage on shares of Fortress Transportation and Infrastructure Investors in a research report on Tuesday, September 6th. They issued a "buy" rating and a $29.50 price objective on the stock.
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Fortress Transportation and Infrastructure Investors Stock Up 1.6 %
NYSE FTAI opened at $17.94 on Friday. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of -6.36 and a beta of 1.88. The stock's 50-day simple moving average is $18.81 and its two-hundred day simple moving average is $20.67. Fortress Transportation and Infrastructure Investors has a twelve month low of $15.85 and a twelve month high of $30.18.
Fortress Transportation and Infrastructure Investors (NYSE:FTAI – Get Rating) last announced its quarterly earnings data on Wednesday, July 27th. The financial services provider reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.33 by ($0.11). The firm had revenue of $177.93 million during the quarter, compared to analysts' expectations of $172.93 million. Fortress Transportation and Infrastructure Investors had a negative return on equity of 10.76% and a negative net
margin of 42.80%. Fortress Transportation and Infrastructure Investors's revenue was up 83.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.38) earnings per share. On average, equities analysts expect that Fortress Transportation and Infrastructure Investors will post 0.78 earnings per share for the current fiscal year.
Fortress Transportation and Infrastructure Investors Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, August 29th. Stockholders of record on Monday, August 15th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 7.36%. The ex-dividend date was Friday, August 12th. Fortress Transportation and Infrastructure Investors's dividend payout ratio (DPR) is -46.81%.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. Trust Co. of Vermont acquired a new position in shares of Fortress Transportation and Infrastructure Investors during the 2nd quarter worth approximately $26,000. BlackRock Inc. acquired a new stake in Fortress Transportation and Infrastructure Investors in the first quarter valued at approximately $96,000. Endurance Wealth Management Inc. grew its stake in Fortress Transportation and Infrastructure Investors by 600.0% in the second quarter. Endurance Wealth Management Inc. now owns 7,000 shares of the financial services provider's stock valued at $135,000 after acquiring an additional 6,000 shares during the period. Altfest L J & Co. Inc. lifted its holdings in shares of Fortress Transportation and Infrastructure Investors by 49.8% in the second quarter. Altfest L J & Co. Inc. now owns 15,684 shares of the financial services provider's stock valued at $303,000 after purchasing an additional 5,211 shares in the last quarter. Finally, Private Advisor Group LLC raised its stake in shares of Fortress Transportation and Infrastructure Investors by 15.1% in the fourth quarter. Private Advisor Group LLC now owns 10,885 shares of the financial services provider's stock valued at $315,000 after buying an additional 1,430 shares during the period. 76.11% of the stock is owned by institutional investors.
Fortress Transportation and Infrastructure Investors Company Profile
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Fortress Transportation and Infrastructure Investors LLC owns and acquires infrastructure and related equipment for the transportation of goods and people in Africa, Asia, Europe, North America, and South America. It operates through three segments: Aviation Leasing, Jefferson Terminal, and Ports and Terminals.
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