Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) posts $0.33 quarterly dividend

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Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI – Get Rating) declared a quarterly dividend on Monday, May 2, reports The Wall Street Journal. Shareholders of record on Friday, May 13 will receive a dividend of $0.33 per share from the financial services provider on Tuesday, May 24. That equates to a dividend of $1.32 on an annualized basis and a dividend yield of 6.29%. The ex-dividend date of this dividend is Thursday May 12th.

NYSE:FTAI shares opened at $21.00 on Tuesday. The company has a 50-day simple moving average of $24.11 and a 200-day simple moving average of $25.62. 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:FTAI – Get Rating) last released its quarterly earnings results on Thursday, February 24th. The financial services firm reported earnings per share (EPS) of $0.04 for the quarter, falling short of analyst consensus estimates of $0.11 ($0.07). The company had revenue of $145.78 million for the quarter, compared to the consensus estimate of $172.37 million. Fortress Transportation and Infrastructure Investors had a negative return on equity of 13.99% and a negative net margin of 58.85%. The company’s quarterly revenue rose 92.7% year over year. In the same quarter last year, the company posted ($0.52) EPS. Equity analysts are forecasting that Fortress Transportation and Infrastructure Investors will report earnings per share of 0.37 for the current year.

Several analysts have rated the stock. Zacks Investment Research cut shares of Fortress Transportation and Infrastructure Investors from a “hold” rating to a “strong sell” rating in a research note on Friday. StockNews.com began reporting on shares of Fortress Transportation and Infrastructure Investors in a research report on Thursday, March 31st. They give the company a “sell” rating. Two equities research analysts have rated the stock with a sell rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Hold and an average target price of $35.33.

A hedge fund recently increased its stake in Fortress Transportation and Infrastructure Investors stock. Stifel Financial Corp increased its stake in Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI – Get Rating) by 41.6% in the fourth quarter, according to its recent filing on Form 13F with the Securities & Exchange Commission. The company owned 25,662 shares of the financial services provider after purchasing an additional 7,534 shares during the quarter. Stifel Financial Corp’s holdings in Fortress Transportation and Infrastructure Investors were worth $742,000 at the end of the most recent quarter. 77.35% of the shares are owned by institutional investors and hedge funds.

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



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