Fortress Transportation and Infrastructure Investors (NYSE:FTAI) Given New $31.00 Price Target at Compass Point

Fortress Transportation and Infrastructure Investors (NYSE:FTAIGet Rating) had its price objective lowered by Compass Point from $39.00 to $31.00 in a report published on Wednesday, The Fly reports. The brokerage currently has a buy rating on the financial services provider’s stock.

A number of other analysts have also issued reports on FTAI. Raymond James reduced their price target on shares of Fortress Transportation and Infrastructure Investors from $27.00 to $23.00 and set an outperform rating for the company in a research report on Tuesday, August 2nd. Deutsche Bank Aktiengesellschaft started coverage on shares of Fortress Transportation and Infrastructure Investors in a research report on Tuesday, September 6th. They set a buy rating and a $29.50 price objective on the stock. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Fortress Transportation and Infrastructure Investors has an average rating of Moderate Buy and a consensus price target of $30.63.

Fortress Transportation and Infrastructure Investors Price Performance

NYSE FTAI opened at $15.91 on Wednesday. The company has a 50 day simple moving average of $18.45 and a 200-day simple moving average of $20.36. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of -5.64 and a beta of 1.88. Fortress Transportation and Infrastructure Investors has a 52-week low of $15.85 and a 52-week high of $30.18.

Fortress Transportation and Infrastructure Investors (NYSE:FTAIGet Rating) last posted its quarterly earnings results on Wednesday, July 27th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.11). The company had revenue of $177.93 million during the quarter, compared to analysts’ expectations of $172.93 million. Fortress Transportation and Infrastructure Investors had a negative return on equity of 10.76% and a negative net margin of 42.80%. Fortress Transportation and Infrastructure Investors’s revenue for the quarter was up 83.6% compared to the same quarter last year. During the same period last year, the company earned ($0.38) earnings per share. On average, analysts predict that Fortress Transportation and Infrastructure Investors will post 0.78 EPS for the current year.

Fortress Transportation and Infrastructure Investors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 29th. Stockholders of record on Monday, August 15th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.30%. The ex-dividend date of this dividend was Friday, August 12th. Fortress Transportation and Infrastructure Investors’s dividend payout ratio is -46.81%.

Hedge Funds Weigh In On Fortress Transportation and Infrastructure Investors

Institutional investors have recently modified their holdings of the company. Trust Co. of Vermont bought a new position in shares of Fortress Transportation and Infrastructure Investors in the second quarter valued at approximately $26,000. BlackRock Inc. bought a new position in shares of Fortress Transportation and Infrastructure Investors in the first quarter valued at approximately $96,000. Endurance Wealth Management Inc. raised its position in shares of Fortress Transportation and Infrastructure Investors by 600.0% in the second quarter. Endurance Wealth Management Inc. now owns 7,000 shares of the financial services provider’s stock valued at $135,000 after purchasing an additional 6,000 shares during the period. Altfest L J & Co. Inc. raised its position in shares of Fortress Transportation and Infrastructure Investors by 49.8% in the second quarter. Altfest L J & Co. Inc. now owns 15,684 shares of the financial services provider’s stock valued at $303,000 after purchasing an additional 5,211 shares during the period. Finally, Private Advisor Group LLC raised its position in shares of Fortress Transportation and Infrastructure Investors by 15.1% in the fourth quarter. Private Advisor Group LLC now owns 10,885 shares of the financial services provider’s stock valued at $315,000 after purchasing an additional 1,430 shares during the period. Institutional investors own 76.11% of the company’s stock.

Fortress Transportation and Infrastructure Investors Company Profile

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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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