Zacks Investment Research Downgrades Fortress Transportation and Infrastructure Investors (NYSE:FTAI) to Strong Sell

Zacks Investment Research lowered shares of Fortress Transportation and Infrastructure Investors (NYSE:FTAIGet Rating) from a hold rating to a strong sell rating in a research note published on Friday morning, Zacks.com reports.

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, StockNews.com started coverage on shares of Fortress Transportation and Infrastructure Investors in a research report on Thursday, March 31st. They issued a sell rating for the company. Two analysts have rated the stock with a sell rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Fortress Transportation and Infrastructure Investors currently has a consensus rating of Hold and a consensus target price of $35.33.

Fortress Transportation and Infrastructure Investors stock opened at $21.49 on Friday. The company has a fifty day simple moving average of $24.23 and a 200-day simple moving average of $25.65. Fortress Transportation and Infrastructure Investors has a 12-month low of $19.38 and a 12-month high of $34.79.

Fortress Transportation and Infrastructure Investors (NYSE:FTAIGet Rating) last released its quarterly earnings data on Thursday, February 24th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.07). The firm had revenue of $145.78 million for the quarter, compared to analysts’ expectations of $172.37 million. Fortress Transportation and Infrastructure Investors had a negative return on equity of 5.54% and a negative net margin of 23.96%. Fortress Transportation and Infrastructure Investors’s revenue for the quarter was up 92.7% on a year-over-year basis. During the same period last year, the firm posted ($0.52) earnings per share. As a group, sell-side analysts forecast that Fortress Transportation and Infrastructure Investors will post 0.37 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 23rd. Shareholders of record on Friday, March 11th were paid a $0.33 dividend. The ex-dividend date was Thursday, March 10th. This represents a $1.32 dividend on an annualized basis and a yield of 6.14%. Fortress Transportation and Infrastructure Investors’s dividend payout ratio is presently -39.40%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Winning Points Advisors LLC acquired a new position in Fortress Transportation and Infrastructure Investors in the first quarter valued at $725,000. Ullmann Wealth Partners Group LLC increased its stake in shares of Fortress Transportation and Infrastructure Investors by 29.1% during the first quarter. Ullmann Wealth Partners Group LLC now owns 19,343 shares of the financial services provider’s stock worth $498,000 after acquiring an additional 4,361 shares during the period. Gilman Hill Asset Management LLC increased its stake in shares of Fortress Transportation and Infrastructure Investors by 0.3% during the first quarter. Gilman Hill Asset Management LLC now owns 273,366 shares of the financial services provider’s stock worth $7,039,000 after acquiring an additional 859 shares during the period. Wells Fargo & Company MN increased its stake in shares of Fortress Transportation and Infrastructure Investors by 0.4% during the fourth quarter. Wells Fargo & Company MN now owns 796,698 shares of the financial services provider’s stock worth $23,041,000 after acquiring an additional 2,928 shares during the period. Finally, Aspireon Wealth Advisors increased its stake in shares of Fortress Transportation and Infrastructure Investors by 260.8% during the fourth quarter. Aspireon Wealth Advisors now owns 137,559 shares of the financial services provider’s stock worth $3,975,000 after acquiring an additional 99,433 shares during the period. Institutional investors own 85.14% of the company’s stock.

About Fortress Transportation and Infrastructure Investors (Get Rating)

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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