Fortress Transportation and Infrastructure Investors (NYSE:FTAI) Coverage Initiated by Analysts at Barclays

Barclays began coverage on shares of Fortress Transportation and Infrastructure Investors (NYSE:FTAI) in a report issued on Monday morning, The Fly reports. The brokerage issued an overweight rating and a $31.00 target price on the financial services provider’s stock.

A number of other equities research analysts have also weighed in on FTAI. assumed coverage on Fortress Transportation and Infrastructure Investors in a report on Wednesday, June 16th. They issued a buy rating on the stock. BTIG Research lifted their price objective on Fortress Transportation and Infrastructure Investors from $35.00 to $40.00 and gave the company a buy rating in a report on Wednesday, June 9th. Zacks Investment Research downgraded shares of Fortress Transportation and Infrastructure Investors from a hold rating to a strong sell rating in a research report on Tuesday, September 14th. JMP Securities lifted their price target on shares of Fortress Transportation and Infrastructure Investors from $35.00 to $36.00 and gave the company a market outperform rating in a research report on Friday, July 23rd. Finally, Citigroup started coverage on shares of Fortress Transportation and Infrastructure Investors in a research report on Wednesday, June 16th. They set a buy rating for the company. One analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Fortress Transportation and Infrastructure Investors presently has a consensus rating of Buy and an average price target of $31.43.

NYSE FTAI opened at $25.00 on Monday. Fortress Transportation and Infrastructure Investors has a 52-week low of $15.25 and a 52-week high of $34.79. The business’s 50-day moving average price is $27.87 and its 200 day moving average price is $29.10. The firm has a market cap of $2.14 billion, a P/E ratio of -13.74 and a beta of 1.93.

Fortress Transportation and Infrastructure Investors (NYSE:FTAI) last released its quarterly earnings results on Tuesday, July 27th. The financial services provider reported ($0.39) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.26) by ($0.13). Fortress Transportation and Infrastructure Investors had a negative return on equity of 10.51% and a negative net margin of 42.62%. The company had revenue of $96.92 million for the quarter, compared to analysts’ expectations of $90.55 million. On average, equities analysts forecast that Fortress Transportation and Infrastructure Investors will post -0.43 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 30th. Shareholders of record on Monday, August 16th were issued a $0.33 dividend. The ex-dividend date was Friday, August 13th. This represents a $1.32 annualized dividend and a yield of 5.28%. Fortress Transportation and Infrastructure Investors’s dividend payout ratio (DPR) is presently -153.49%.

In other Fortress Transportation and Infrastructure Investors news, Director Martin Tuchman purchased 100,000 shares of the business’s stock in a transaction on Tuesday, September 14th. The stock was bought at an average cost of $25.50 per share, for a total transaction of $2,550,000.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Gradient Investments LLC purchased a new stake in Fortress Transportation and Infrastructure Investors during the 2nd quarter worth $34,000. Ieq Capital LLC acquired a new stake in shares of Fortress Transportation and Infrastructure Investors in the 2nd quarter valued at about $201,000. Essex Financial Services Inc. acquired a new stake in shares of Fortress Transportation and Infrastructure Investors in the 2nd quarter valued at about $203,000. Kingsview Wealth Management LLC acquired a new stake in shares of Fortress Transportation and Infrastructure Investors in the 1st quarter valued at about $201,000. Finally, Delta Investment Management LLC acquired a new stake in shares of Fortress Transportation and Infrastructure Investors in the 1st quarter valued at about $236,000. 68.04% of the stock is owned by hedge funds and other institutional investors.

Fortress Transportation and Infrastructure Investors Company Profile

Fortress Transportation & Infrastructure Investors LLC engages in acquiring, managing and disposing of transportation and transportation-related infrastructure and equipment assets. It operates through the following segments: Aviation Leasing, Jefferson Terminal, and Ports and Terminals. The Aviation Leasing segment consists of aircraft and aircraft engines held for lease and are typically held long-term.

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