Shares of Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) have received a consensus recommendation of “Buy” from the six research firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $19.17.

Several research firms have recently weighed in on FTAI. BidaskClub upgraded Fortress Transportation and Infrastructure Investors from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Zacks Investment Research lowered Fortress Transportation and Infrastructure Investors from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Finally, Bank of America boosted their price target on Fortress Transportation and Infrastructure Investors from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Monday, November 6th.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kayne Anderson Capital Advisors LP bought a new position in Fortress Transportation and Infrastructure Investors during the 3rd quarter worth approximately $180,000. BB&T Securities LLC bought a new stake in shares of Fortress Transportation and Infrastructure Investors during the second quarter valued at approximately $166,000. First Allied Advisory Services Inc. boosted its position in shares of Fortress Transportation and Infrastructure Investors by 1.6% during the second quarter. First Allied Advisory Services Inc. now owns 11,449 shares of the financial services provider’s stock valued at $184,000 after purchasing an additional 175 shares in the last quarter. Alps Advisors Inc. bought a new stake in shares of Fortress Transportation and Infrastructure Investors during the second quarter valued at approximately $216,000. Finally, California Public Employees Retirement System bought a new stake in shares of Fortress Transportation and Infrastructure Investors during the first quarter valued at approximately $228,000. Institutional investors and hedge funds own 28.03% of the company’s stock.

Fortress Transportation and Infrastructure Investors (NYSE:FTAI) traded down $0.08 during mid-day trading on Friday, reaching $18.12. The company had a trading volume of 104,914 shares, compared to its average volume of 155,753. The firm has a market capitalization of $1,370.00 and a P/E ratio of 202.22. Fortress Transportation and Infrastructure Investors has a fifty-two week low of $13.02 and a fifty-two week high of $18.98.

Fortress Transportation and Infrastructure Investors (NYSE:FTAI) last issued its earnings results on Thursday, November 2nd. The financial services provider reported $0.05 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.05. The firm had revenue of $60.40 million during the quarter, compared to the consensus estimate of $56.04 million. Fortress Transportation and Infrastructure Investors had a positive return on equity of 0.60% and a negative net margin of 2.36%. The business’s quarterly revenue was up 44.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.02) earnings per share. analysts predict that Fortress Transportation and Infrastructure Investors will post 0.19 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 27th. Investors of record on Friday, November 17th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 7.28%. Fortress Transportation and Infrastructure Investors’s dividend payout ratio is -2,200.00%.

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About Fortress Transportation and Infrastructure Investors

Fortress Transportation and Infrastructure Investors LLC owns and acquires infrastructure and equipment that is essential for the transportation of goods and people across the world. The Company operates through five segments Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal and Railroad.

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