Fortress Transportation and Infrastructure Investors (NYSE:FTAI – Get Rating) had its target price lowered by Compass Point from $39.00 to $31.00 in a research report sent to investors on Wednesday, The Fly reports. Compass Point currently has a buy rating on the financial services provider's stock.
FTAI has been the topic of a number of other reports. 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 on the stock in a research note on Tuesday, August 2nd. Deutsche Bank Aktiengesellschaft began 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 target price for the company. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $30.63.
Get Fortress Transportation and Infrastructure Investors alerts:Fortress Transportation and Infrastructure Investors Price Performance
Shares of NYSE FTAI opened at $15.91 on Wednesday. Fortress Transportation and Infrastructure Investors has a 1-year low of $15.85 and a 1-year high of $30.18. The business's fifty day moving average price is $18.45 and its two-hundred day moving average price is $20.36. The firm has a market capitalization of $1.58 billion, a PE ratio of -5.64 and a beta of 1.88.
Fortress Transportation and Infrastructure Investors (NYSE:FTAI – Get Rating) last issued its earnings results on Wednesday, July 27th. The financial services provider reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.11). Fortress Transportation and Infrastructure Investors had a negative return on equity of 10.76% and a negative net margin of 42.80%. The company had revenue of $177.93 million during the quarter, compared to analyst estimates of $172.93 million. During the same period in the prior year, the business earned ($0.38) earnings per share. Fortress Transportation and Infrastructure Investors's quarterly revenue was up 83.6% on a year-over-year basis. Equities research 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 Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, August 29th. Investors of record on Monday, August 15th were given a $0.33 dividend. The ex-dividend date of this dividend was Friday, August 12th. This represents a $1.32 dividend on an annualized basis and a yield of 8.30%. Fortress Transportation and Infrastructure Investors's dividend payout ratio is presently -46.81%.
Hedge Funds Weigh In On Fortress Transportation and Infrastructure Investors
Institutional investors and hedge funds have recently bought and sold shares of the stock. Trust Co. of Vermont bought a new position in shares of Fortress Transportation and Infrastructure Investors during the 2nd quarter valued at about $26,000. BlackRock Inc. bought a new position in shares of Fortress Transportation and Infrastructure Investors during the 1st quarter valued at about $96,000. Endurance Wealth Management Inc. boosted its position in shares of Fortress Transportation and Infrastructure Investors by 600.0% during the 2nd quarter. Endurance Wealth Management Inc. now owns 7,000 shares of the financial services provider's stock valued at $135,000 after purchasing an additional 6,000 shares in the last quarter. Altfest L J & Co. Inc. boosted its position in shares of Fortress Transportation and Infrastructure Investors by 49.8% during the 2nd 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 boosted its position in shares of Fortress Transportation and Infrastructure Investors by 15.1% during the 4th quarter. Private Advisor Group LLC now owns 10,885 shares of the financial services provider's stock valued at $315,000 after purchasing an additional 1,430 shares in the last quarter. Institutional investors own 76.11% of the company's stock.
About Fortress Transportation and Infrastructure Investors
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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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