PI Global Investments
Infrastructure

Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) Receives Consensus Rating of “Moderate Buy” from Analysts

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Shares of Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAIGet Rating) have been assigned an average recommendation of “Moderate Buy” from the five analysts that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $30.63.

A number of brokerages have recently commented on FTAI. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Fortress Transportation and Infrastructure Investors in a research note on Tuesday, September 6th. They issued a “buy” rating and a $29.50 target price on the stock. Compass Point decreased their price objective on shares of Fortress Transportation and Infrastructure Investors from $39.00 to $31.00 and set a “buy” rating for the company in a report on Wednesday, September 21st. Finally, Raymond James decreased 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.

Fortress Transportation and Infrastructure Investors Stock Performance

Shares of NYSE:FTAI opened at $15.68 on Tuesday. The company has a 50-day simple moving average of $17.65 and a 200-day simple moving average of $19.86. Fortress Transportation and Infrastructure Investors has a one year low of $14.29 and a one year high of $30.18. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of -5.56 and a beta of 1.87.

Fortress Transportation and Infrastructure Investors (NYSE:FTAIGet Rating) last posted its quarterly earnings results on Wednesday, July 27th. The financial services provider reported $0.22 earnings per share (EPS) 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 firm had revenue of $177.93 million for the quarter, compared to analysts’ expectations of $172.93 million. During the same period in the prior year, the company earned ($0.38) earnings per share. The company’s revenue for the quarter was up 83.6% on a year-over-year basis. As a group, research analysts forecast that Fortress Transportation and Infrastructure Investors will post 0.78 EPS for the current fiscal year.

Fortress Transportation and Infrastructure Investors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 29th. Stockholders of record on Monday, August 15th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 8.42%. The ex-dividend date of this dividend was Friday, August 12th. Fortress Transportation and Infrastructure Investors’s dividend payout ratio (DPR) is presently -46.81%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Trust Co. of Vermont acquired a new position in shares of Fortress Transportation and Infrastructure Investors in the 2nd quarter valued at about $26,000. BlackRock Inc. acquired a new position in shares of Fortress Transportation and Infrastructure Investors in the 1st quarter valued at about $96,000. Endurance Wealth Management Inc. lifted its position in Fortress Transportation and Infrastructure Investors by 600.0% in 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 during the last quarter. Altfest L J & Co. Inc. lifted its position in Fortress Transportation and Infrastructure Investors by 49.8% in 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 during the last quarter. Finally, OLD National Bancorp IN bought a new stake in Fortress Transportation and Infrastructure Investors in the 2nd quarter valued at about $315,000. 76.11% of the stock is owned by institutional investors and hedge funds.

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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