Fortress Transportation and Infrastructure Investors LLC (NYSE: FTAI) Receives Average ‘Moderate Buy’ Rating from Brokerages

Shares of Fortress Transportation and Infrastructure Investors LLC (NYSE: FTAIGet a rating) received a consensus “moderate buy” recommendation from the five analysts who currently cover the company, Market assessments reports. One research analyst has rated the stock with a sell rating and four have assigned the company a buy rating. The 12-month average price target among brokers who updated their coverage on the stock in the past year is $25.88.

A number of equity research analysts have weighed in on the company recently. Raymond James lowered his price target on Fortress Transportation and Infrastructure Investors from $27.00 to $23.00 and set an “outperform” rating for the company in a Tuesday, Aug. 2 research note. StockNews.com purported coverage from Fortress Transportation and Infrastructure Investors in a Wednesday, October 12 research note. They issued a “sell” rating on the stock. Barclays cut its price target on Fortress Transportation and Infrastructure Investors from $32.00 to $20.00 and set an “overweight” rating on the stock in a Tuesday, October 25 research note. Deutsche Bank Aktiengesellschaft launched coverage on Fortress Transportation and Infrastructure Investors in a Tuesday, September 6 research note. They set a “buy” rating and a target price of $29.50 on the stock. Finally, Compass Point lowered its price target on Fortress Transportation and Infrastructure Investors from $39.00 to $31.00 and placed a “buy” rating on the stock in a Wednesday, September 21 research note.

Fortress Transportation and Infrastructure Investors Price Performance

Shares of FTAA opened at $16.64 on Wednesday. The company has a market capitalization of $1.65 billion, a PE ratio of -6.38 and a beta of 1.84. The stock’s fifty-day moving average price is $16.40 and its two-hundred-day moving average price is $18.00. Fortress Transportation and Infrastructure Investors has a 1-year low of $14.29 and a 1-year high of $30.18.

Fortress Transportation and Infrastructure Investors (NYSE: FTAIGet a rating) last released its quarterly earnings data on Thursday, October 27. The financial services provider reported earnings per share (EPS) of $0.05 for the quarter, missing analyst consensus estimates of $0.57 per ($0.52). Fortress Transportation and Infrastructure Investors recorded a negative net margin of 34.65% and a negative return on equity of 6.79%. The company posted revenue of $230.37 million for the quarter, versus a consensus estimate of $155.11 million. Sell-side analysts expect Fortress Transportation and Infrastructure Investors to post earnings per share of 0.07 for the current fiscal year.

Fortress Transportation and Infrastructure Investors cuts its dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 28. Shareholders of record on Monday, November 14 will receive a dividend of $0.30 per share. The ex-dividend date is Thursday, November 10. This represents an annualized dividend of $1.20 and a yield of 7.21%. Fortress Transportation and Infrastructure Investors’ payout ratio is currently -45.98%.

Insiders place their bets

Separately, CEO Joseph P. Jr. Adams purchased 25,000 shares of the company in a transaction dated Wednesday, November 9. The shares were acquired at an average cost of $18.00 per share, for a total transaction of $450,000.00. Following the acquisition, the CEO now owns 187,616 shares of the company, valued at approximately $3,377,088. The transaction was disclosed in a legal filing with the SEC, accessible via this hyperlink. 1.30% of the shares are currently held by insiders of the company.

Institutional Negotiation of Fortress Transportation and Infrastructure Investors

A number of institutional investors and hedge funds have recently increased or reduced their stake in the company. Trust Co. of Vermont acquired a new stake in Fortress Transportation and Infrastructure Investors during Q2 for a value of approximately $26,000. BlackRock Inc. acquired a new position in Fortress Transportation and Infrastructure Investors during the first quarter worth $96,000. Endurance Wealth Management Inc. increased its stake in Fortress Transportation and Infrastructure Investors by 600.0% during the second quarter. Endurance Wealth Management Inc. now owns 7,000 shares of the financial services provider worth $135,000 after buying an additional 6,000 shares in the last quarter. Benjamin F. Edwards & Company Inc. acquired a new position in Fortress Transportation and Infrastructure Investors during the third quarter worth $153,000. Finally, Cantor Fitzgerald LP acquired a new position in Fortress Transportation and Infrastructure Investors during the third quarter worth $157,000. Institutional investors and hedge funds own 76.11% of the company’s shares.

Company Profile Fortress Transportation and Infrastructure Investors

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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 through three segments: Aviation Leasing, Jefferson Terminal and Ports and Terminals.

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