Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 868,630 shares, an increase of 40.2% from the October 13th total of 619,459 shares. Currently, 1.3% of the shares of the company are sold short. Based on an average daily volume of 161,682 shares, the days-to-cover ratio is presently 5.4 days.

FTAI has been the subject of several recent analyst reports. BidaskClub upgraded Fortress Transportation and Infrastructure Investors from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 28th. Zacks Investment Research cut Fortress Transportation and Infrastructure Investors from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. TheStreet upgraded Fortress Transportation and Infrastructure Investors from a “c” rating to a “b-” rating in a research report on Monday, July 31st. Finally, Bank of America Corporation boosted their target price on 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. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Fortress Transportation and Infrastructure Investors currently has an average rating of “Buy” and an average target price of $19.63.

Fortress Transportation and Infrastructure Investors (NYSE:FTAI) opened at $18.12 on Wednesday. Fortress Transportation and Infrastructure Investors has a fifty-two week low of $13.02 and a fifty-two week high of $18.98. The stock has a market capitalization of $1,370.00 and a PE ratio of 201.11.

Fortress Transportation and Infrastructure Investors (NYSE:FTAI) last posted its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. Fortress Transportation and Infrastructure Investors had a positive return on equity of 1.22% and a negative net margin of 2.77%. The firm had revenue of $60.40 million during the quarter, compared to analysts’ expectations of $56.04 million. During the same period in the prior year, the business earned ($0.02) EPS. The company’s revenue for the quarter was up 44.8% compared to the same quarter last year. analysts expect that Fortress Transportation and Infrastructure Investors will post 0.19 EPS for the current year.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP lifted its stake in shares of Fortress Transportation and Infrastructure Investors by 31.2% in the 3rd quarter. GSA Capital Partners LLP now owns 130,116 shares of the financial services provider’s stock valued at $2,347,000 after acquiring an additional 30,979 shares during the last quarter. California Public Employees Retirement System lifted its stake in shares of Fortress Transportation and Infrastructure Investors by 152.9% in the 3rd quarter. California Public Employees Retirement System now owns 38,690 shares of the financial services provider’s stock valued at $698,000 after acquiring an additional 23,390 shares during the last quarter. 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 valued at $2,272,000 after acquiring an additional 115,547 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of Fortress Transportation and Infrastructure Investors by 13.5% in the 3rd quarter. Wells Fargo & Company MN now owns 36,978 shares of the financial services provider’s stock valued at $667,000 after acquiring an additional 4,400 shares during the last quarter. Finally, Kayne Anderson Capital Advisors LP bought a new stake in shares of Fortress Transportation and Infrastructure Investors in the 3rd quarter valued at about $180,000. 27.01% of the stock is owned by institutional investors.

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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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