BidaskClub upgraded shares of Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) from a hold rating to a buy rating in a report issued on Thursday morning.

Other research analysts also recently issued reports about the company. TheStreet raised Fortress Transportation and Infrastructure Investors from a c rating to a b- rating in a research note on Monday, July 31st. Zacks Investment Research raised Fortress Transportation and Infrastructure Investors from a strong sell rating to a hold rating in a research note on Wednesday, July 12th. Finally, JMP Securities upped their price target on Fortress Transportation and Infrastructure Investors from $18.00 to $20.00 and gave the stock an outperform rating in a research note on Monday, May 8th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The stock has an average rating of Buy and an average price target of $16.88.

Shares of Fortress Transportation and Infrastructure Investors (NYSE:FTAI) traded up 0.11% during mid-day trading on Thursday, reaching $18.32. The company’s stock had a trading volume of 110,045 shares. The firm has a 50 day moving average price of $16.14 and a 200 day moving average price of $15.49. The firm’s market cap is $1.39 billion. Fortress Transportation and Infrastructure Investors has a 52-week low of $10.96 and a 52-week high of $18.41.

Fortress Transportation and Infrastructure Investors (NYSE:FTAI) last issued its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by $0.04. The firm had revenue of $51.20 million for the quarter, compared to the consensus estimate of $52.36 million. Fortress Transportation and Infrastructure Investors had a positive return on equity of 0.27% and a negative net margin of 4.98%. The company’s revenue was up 54.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.07) EPS. On average, equities analysts predict that Fortress Transportation and Infrastructure Investors will post $0.28 EPS for the current fiscal year.

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The business also recently announced a quarterly dividend, which will be paid on Monday, August 28th. Shareholders of record on Friday, August 18th will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, August 16th. This represents a $1.32 annualized dividend and a dividend yield of 7.21%. Fortress Transportation and Infrastructure Investors’s dividend payout ratio is currently -1,100.00%.

In other Fortress Transportation and Infrastructure Investors news, Director Paul R. Goodwin acquired 5,000 shares of the stock in a transaction that occurred on Monday, May 15th. The shares were bought at an average price of $17.00 per share, for a total transaction of $85,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.87% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Royce & Associates LP boosted its position in shares of Fortress Transportation and Infrastructure Investors by 23.4% in the first quarter. Royce & Associates LP now owns 229,110 shares of the financial services provider’s stock worth $3,416,000 after buying an additional 43,500 shares during the period. California Public Employees Retirement System acquired a new stake in Fortress Transportation and Infrastructure Investors during the first quarter valued at about $228,000. Stifel Financial Corp boosted its stake in Fortress Transportation and Infrastructure Investors by 5.2% in the first quarter. Stifel Financial Corp now owns 20,300 shares of the financial services provider’s stock valued at $302,000 after buying an additional 1,000 shares during the last quarter. Silver Capital Management LLC acquired a new stake in Fortress Transportation and Infrastructure Investors during the first quarter valued at about $475,000. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in Fortress Transportation and Infrastructure Investors by 20.9% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 19,728 shares of the financial services provider’s stock valued at $294,000 after buying an additional 3,407 shares during the last quarter. 26.13% of the stock is currently owned by hedge funds and other institutional investors.

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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