Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) announced a quarterly dividend on Wednesday, November 2nd. Stockholders of record on Friday, November 18th will be paid a dividend of 0.33 per share on Wednesday, November 30th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 9.79%. The ex-dividend date is Wednesday, November 16th.

Shares of Fortress Transportation and Infrastructure Investors (NYSE:FTAI) opened at 13.49 on Friday. The company’s market cap is $1.02 billion. The stock’s 50 day moving average price is $12.22 and its 200-day moving average price is $11.08. Fortress Transportation and Infrastructure Investors has a 12 month low of $8.65 and a 12 month high of $13.69.

Fortress Transportation and Infrastructure Investors (NYSE:FTAI) last announced its quarterly earnings results on Tuesday, November 1st. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. The firm had revenue of $41.73 million for the quarter, compared to the consensus estimate of $37.15 million. Fortress Transportation and Infrastructure Investors had a negative return on equity of 1.25% and a negative net margin of 16.37%. The company’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.02 earnings per share. Equities research analysts expect that Fortress Transportation and Infrastructure Investors will post ($0.16) earnings per share for the current year.

Dividend History for Fortress Transportation and Infrastructure Investors (NYSE:FTAI)

A number of research analysts have recently issued reports on the company. Zacks Investment Research raised Fortress Transportation and Infrastructure Investors from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Monday. Citigroup Inc. upped their price target on Fortress Transportation and Infrastructure Investors from $11.00 to $14.00 and gave the company a “buy” rating in a report on Friday, August 12th. TheStreet raised Fortress Transportation and Infrastructure Investors from a “sell” rating to a “hold” rating in a report on Wednesday, July 27th. Finally, JMP Securities reissued a “buy” rating on shares of Fortress Transportation and Infrastructure Investors in a report on Tuesday, October 11th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $16.25.

In related news, Director Paul R. Goodwin purchased 10,000 shares of Fortress Transportation and Infrastructure Investors stock in a transaction on Thursday, November 3rd. The stock was acquired at an average price of $12.63 per share, for a total transaction of $126,300.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Martin Tuchman purchased 50,000 shares of Fortress Transportation and Infrastructure Investors stock in a transaction on Friday, November 4th. The stock was bought at an average price of $12.56 per share, with a total value of $628,000.00. Following the transaction, the director now owns 301,926 shares of the company’s stock, valued at $3,792,190.56. The disclosure for this purchase can be found here. 2.00% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of Fortress Transportation and Infrastructure Investors by 98,770.6% in the third quarter. JPMorgan Chase & Co. now owns 16,808 shares of the company’s stock worth $210,000 after buying an additional 16,791 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Fortress Transportation and Infrastructure Investors by 1,474.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 26,863 shares of the company’s stock worth $247,000 after buying an additional 25,157 shares during the last quarter. Raymond James & Associates boosted its stake in shares of Fortress Transportation and Infrastructure Investors by 344.3% in the second quarter. Raymond James & Associates now owns 49,427 shares of the company’s stock worth $454,000 after buying an additional 38,302 shares during the last quarter. Finally, Emerald Acquisition Ltd. bought a new stake in shares of Fortress Transportation and Infrastructure Investors during the third quarter worth approximately $644,000. Institutional investors and hedge funds own 24.88% of the company’s stock.

About Fortress Transportation and Infrastructure Investors

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