Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) has received an average rating of “Buy” from the six brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $19.17.

A number of analysts have recently weighed in on FTAI shares. BidaskClub raised shares of Fortress Transportation and Infrastructure Investors from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 28th. Bank of America upped their target price on shares of Fortress Transportation and Infrastructure Investors from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. Finally, Zacks Investment Research raised shares of Fortress Transportation and Infrastructure Investors from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Tuesday, November 7th.

A number of institutional investors and hedge funds have recently bought and sold shares of FTAI. FMR LLC bought a new position in Fortress Transportation and Infrastructure Investors during the 2nd quarter valued at about $6,511,000. Russell Investments Group Ltd. lifted its stake in shares of Fortress Transportation and Infrastructure Investors by 57.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 431,823 shares of the financial services provider’s stock worth $7,790,000 after purchasing an additional 158,023 shares during the period. Bank of Montreal Can lifted its stake in shares of Fortress Transportation and Infrastructure Investors by 679.0% in the 2nd quarter. Bank of Montreal Can now owns 155,800 shares of the financial services provider’s stock worth $2,484,000 after purchasing an additional 135,800 shares during the period. BB&T Securities LLC lifted its stake in shares of Fortress Transportation and Infrastructure Investors by 1,109.0% in the 3rd quarter. BB&T Securities LLC now owns 125,966 shares of the financial services provider’s stock worth $2,272,000 after purchasing an additional 115,547 shares during the period. Finally, Alps Advisors Inc. lifted its stake in shares of Fortress Transportation and Infrastructure Investors by 666.5% in the 3rd quarter. Alps Advisors Inc. now owns 103,862 shares of the financial services provider’s stock worth $1,873,000 after purchasing an additional 90,312 shares during the period. Institutional investors and hedge funds own 28.07% of the company’s stock.

Shares of Fortress Transportation and Infrastructure Investors (FTAI) traded up $0.10 during trading on Friday, reaching $18.22. 161,164 shares of the company’s stock were exchanged, compared to its average volume of 155,776. The stock has a market cap of $1,380.00 and a P/E ratio of 201.33. 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 quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.05 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.05. The business had revenue of $60.40 million for the quarter, compared to the consensus estimate of $56.04 million. Fortress Transportation and Infrastructure Investors had a negative net margin of 2.36% and a positive return on equity of 0.60%. The company’s quarterly revenue was up 44.8% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.02) EPS. analysts predict that Fortress Transportation and Infrastructure Investors will post 0.19 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, November 27th. Investors of record on Friday, November 17th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 7.24%. The ex-dividend date was Thursday, November 16th. Fortress Transportation and Infrastructure Investors’s payout ratio is -2,200.00%.

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Fortress Transportation and Infrastructure Investors Company Profile

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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