Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI) declared a dividend on Thursday, October 31st, Fidelity reports. Stockholders of record on Friday, November 15th will be given a dividend of 0.33 per share by the financial services provider on Tuesday, November 26th. The ex-dividend date of this dividend is Thursday, November 14th. This is a positive change from Fortress Transprtn and Infr Investrs’s previous dividend of $0.15.

Shares of Fortress Transprtn and Infr Investrs stock traded up $0.11 during trading on Tuesday, hitting $16.81. The stock had a trading volume of 99,046 shares, compared to its average volume of 164,343. The stock has a 50 day simple moving average of $15.71 and a 200 day simple moving average of $15.49. The company has a market capitalization of $1.43 billion, a PE ratio of 152.82 and a beta of 1.07. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.04. Fortress Transprtn and Infr Investrs has a 1 year low of $12.84 and a 1 year high of $17.62.

Fortress Transprtn and Infr Investrs (NYSE:FTAI) last released its earnings results on Thursday, October 31st. The financial services provider reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.09. The business had revenue of $162.20 million for the quarter, compared to the consensus estimate of $162.98 million. Fortress Transprtn and Infr Investrs had a net margin of 6.97% and a return on equity of 3.62%. The firm’s quarterly revenue was up 60.3% compared to the same quarter last year. During the same period last year, the firm posted $0.08 earnings per share. As a group, equities analysts expect that Fortress Transprtn and Infr Investrs will post 0.49 earnings per share for the current fiscal year.

In related news, Director Martin Tuchman purchased 19,900 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was acquired at an average cost of $25.69 per share, for a total transaction of $511,231.00. Following the completion of the acquisition, the director now owns 5,500 shares in the company, valued at approximately $141,295. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders have purchased 35,400 shares of company stock valued at $908,431. 1.00% of the stock is currently owned by corporate insiders.

Several analysts recently commented on the stock. TheStreet upgraded shares of Fortress Transprtn and Infr Investrs from a “c” rating to a “b” rating in a report on Friday, August 2nd. Zacks Investment Research cut shares of Fortress Transprtn and Infr Investrs from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th.

Fortress Transprtn and Infr Investrs Company Profile

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 in six segments: Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal, Railroad, and Ports and Terminals.

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Dividend History for Fortress Transprtn and Infr Investrs (NYSE:FTAI)

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