Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) reached a new 52-week high during trading on Wednesday . The stock traded as high as $19.13 and last traded at $18.87, with a volume of 227200 shares changing hands. The stock had previously closed at $18.86.

Several research firms have recently commented on FTAI. BidaskClub lowered shares of Fortress Transportation and Infrastructure Investors from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 10th. Zacks Investment Research downgraded shares of Fortress Transportation and Infrastructure Investors from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Finally, Bank of America lifted their price objective on shares of Fortress Transportation and Infrastructure Investors from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $19.63.

The firm has a market capitalization of $1,440.00 and a PE ratio of 209.56.

Fortress Transportation and Infrastructure Investors (NYSE:FTAI) last issued its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. Fortress Transportation and Infrastructure Investors had a negative net margin of 2.36% and a positive return on equity of 0.60%. The firm had revenue of $60.40 million for the quarter, compared to the consensus estimate of $56.04 million. During the same quarter in the previous year, the firm earned ($0.02) EPS. The company’s quarterly revenue was up 44.8% compared to the same quarter last year. equities research analysts anticipate that Fortress Transportation and Infrastructure Investors LLC will post 0.19 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 27th. Stockholders of record on Friday, November 17th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 7.00%. The ex-dividend date of this dividend was Thursday, November 16th. Fortress Transportation and Infrastructure Investors’s payout ratio is currently -2,200.00%.

Institutional investors have recently modified their holdings of the company. BB&T Securities LLC purchased a new stake in Fortress Transportation and Infrastructure Investors during the 2nd quarter worth approximately $166,000. Kayne Anderson Capital Advisors LP purchased a new stake in Fortress Transportation and Infrastructure Investors during the 3rd quarter worth approximately $180,000. First Allied Advisory Services Inc. grew its position in Fortress Transportation and Infrastructure Investors by 1.6% during the 2nd quarter. First Allied Advisory Services Inc. now owns 11,449 shares of the financial services provider’s stock worth $184,000 after purchasing an additional 175 shares during the last quarter. Alps Advisors Inc. purchased a new stake in Fortress Transportation and Infrastructure Investors during the 2nd quarter worth approximately $216,000. Finally, California Public Employees Retirement System purchased a new stake in Fortress Transportation and Infrastructure Investors during the 1st quarter worth approximately $228,000. 28.07% of the stock is currently owned by hedge funds and other institutional investors.

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About Fortress Transportation and Infrastructure Investors

Fortress Transportation and Infrastructure Investors LLC owns and acquires infrastructure and equipment that is essential for the transportation of goods and people across the world. The Company operates through five segments Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal and Railroad.

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