Fortress Transprtn and Infr Investrs LLC (FTAI) Lowered to “Hold” at Zacks Investment Research

Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

According to Zacks, “Fortress Transportation and Infrastructure Investors LLC is engaged in the owning and acquisition of infrastructure and equipment for leasing. Its segments include Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal and Railroad. Fortress Transportation and Infrastructure Investors LLC is based in New York, United States. “

Separately, Raymond James Financial, Inc. cut Fortress Transprtn and Infr Investrs from a “strong-buy” rating to an “outperform” rating and lifted their price target for the stock from $15.00 to $16.50 in a research note on Wednesday, January 18th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Fortress Transprtn and Infr Investrs has an average rating of “Buy” and an average price target of $16.38.

Shares of Fortress Transprtn and Infr Investrs (NYSE:FTAI) traded down 0.80% during trading on Monday, hitting $14.95. The stock had a trading volume of 171,464 shares. Fortress Transprtn and Infr Investrs has a 52 week low of $8.92 and a 52 week high of $15.91. The stock’s market capitalization is $1.13 billion. The firm has a 50 day moving average price of $15.13 and a 200-day moving average price of $13.46.

Fortress Transprtn and Infr Investrs (NYSE:FTAI) last announced its quarterly earnings results on Thursday, February 23rd. The company reported $0.04 EPS for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.03. The business had revenue of $42.35 million for the quarter, compared to analysts’ expectations of $43.95 million. Fortress Transprtn and Infr Investrs had a negative return on equity of 1.25% and a negative net margin of 16.37%. The business’s quarterly revenue was up 25.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.03) EPS. On average, equities research analysts forecast that Fortress Transprtn and Infr Investrs will post $0.36 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, March 20th. Shareholders of record on Friday, March 10th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, March 8th. This represents a $1.32 dividend on an annualized basis and a yield of 8.83%. Fortress Transprtn and Infr Investrs’s dividend payout ratio (DPR) is currently -425.79%.

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A number of institutional investors have recently made changes to their positions in FTAI. GSA Capital Partners LLP boosted its position in shares of Fortress Transprtn and Infr Investrs by 43.9% in the fourth quarter. GSA Capital Partners LLP now owns 78,129 shares of the company’s stock worth $1,039,000 after buying an additional 23,840 shares during the period. Renaissance Technologies LLC boosted its position in shares of Fortress Transprtn and Infr Investrs by 62.1% in the fourth quarter. Renaissance Technologies LLC now owns 259,856 shares of the company’s stock worth $3,456,000 after buying an additional 99,556 shares during the period. Royce & Associates LP boosted its position in shares of Fortress Transprtn and Infr Investrs by 32.9% in the fourth quarter. Royce & Associates LP now owns 185,610 shares of the company’s stock worth $2,469,000 after buying an additional 46,000 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in shares of Fortress Transprtn and Infr Investrs by 33.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 16,321 shares of the company’s stock worth $217,000 after buying an additional 4,061 shares during the period. Finally, Harbor Advisors LLC bought a new position in shares of Fortress Transprtn and Infr Investrs during the fourth quarter worth approximately $1,421,000. 22.53% of the stock is currently owned by institutional investors and hedge funds.

Fortress Transprtn and Infr Investrs Company Profile

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