Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Monday.

According to Zacks, “Fortress Transportation and Infrastructure Investors LLC is engaged in the owning and acquisition of infrastructure and equipment for leasing. Its segments include Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal and Railroad. Fortress Transportation and Infrastructure Investors LLC is based in New York, United States. “

Separately, Raymond James Financial, Inc. downgraded Fortress Transprtn and Infr Investrs from a “strong-buy” rating to an “outperform” rating and upped their price objective for the company from $15.00 to $16.50 in a research note on Wednesday, January 18th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $16.38.

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Shares of Fortress Transprtn and Infr Investrs (NYSE:FTAI) traded down 0.80% during midday trading on Monday, hitting $14.95. The company’s stock had a trading volume of 171,464 shares. The stock’s 50 day moving average is $15.13 and its 200-day moving average is $13.46. The firm’s market cap is $1.13 billion. Fortress Transprtn and Infr Investrs has a 52-week low of $8.92 and a 52-week high of $15.91.

Fortress Transprtn and Infr Investrs (NYSE:FTAI) last announced its earnings results on Thursday, February 23rd. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. Fortress Transprtn and Infr Investrs had a negative return on equity of 1.25% and a negative net margin of 16.37%. The firm had revenue of $42.35 million for the quarter, compared to the consensus estimate of $43.95 million. During the same quarter in the previous year, the business earned ($0.03) EPS. The company’s revenue was up 25.3% compared to the same quarter last year. Equities analysts predict that Fortress Transprtn and Infr Investrs will post $0.36 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 20th. Investors of record on Friday, March 10th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, March 8th. This represents a $1.32 annualized dividend and a yield of 8.83%. Fortress Transprtn and Infr Investrs’s payout ratio is -425.79%.

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A number of institutional investors have recently bought and sold shares of the stock. Susquehanna International Group LLP purchased a new position in Fortress Transprtn and Infr Investrs during the third quarter valued at approximately $134,000. Wells Fargo & Company MN increased its position in Fortress Transprtn and Infr Investrs by 317.5% in the third quarter. Wells Fargo & Company MN now owns 14,100 shares of the company’s stock valued at $176,000 after buying an additional 10,723 shares during the last quarter. Royal Bank of Canada increased its position in Fortress Transprtn and Infr Investrs by 43.3% in the second quarter. Royal Bank of Canada now owns 14,900 shares of the company’s stock valued at $137,000 after buying an additional 4,500 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Fortress Transprtn and Infr Investrs by 33.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 16,321 shares of the company’s stock valued at $217,000 after buying an additional 4,061 shares during the last quarter. Finally, Bank of Montreal Can increased its position in Fortress Transprtn and Infr Investrs by 66.7% in the third quarter. Bank of Montreal Can now owns 20,000 shares of the company’s stock valued at $250,000 after buying an additional 8,000 shares during the last quarter. Institutional investors and hedge funds own 22.53% of the company’s stock.

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