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

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Zacks Investment Research cut shares of Fortress Transportation and Infrastructure Investors (NYSE:FTAI – Rating Maintained) from a hold rating to a strong sell rating in a research note released Friday morning, Zacks.com reports.

According to Zacks, “Fortress Transportation and Infrastructure Investors LLC is engaged in the ownership and acquisition of infrastructure and equipment for lease. Segments include Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal and Railroad. Fortress Transportation and Infrastructure Investors LLC is based in New York, USA. “

Separately, StockNews.com began reporting on shares of Fortress Transportation and Infrastructure Investors in a research report on Thursday, March 31st. They gave the company a sell rating. Two analysts have assigned a sell rating to the stock 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 of $35.33.

Fortress Transportation and Infrastructure Investors shares opened at $21.49 on Friday. The company has a 50-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:FTAI – Get Rating) last released its quarterly earnings data on Thursday, February 24th. The financial services firm reported earnings per share (EPS) of $0.04 for the quarter, beating Thomson Reuters’ consensus estimate of $0.11 ($0.07). The company 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 quarterly revenue increased 92.7% year over year. For the same period last year, the company reported ($0.52) earnings per share. As a group, sell-side analysts are forecasting that Fortress Transportation and Infrastructure Investors will report year-to-date earnings per share of 0.37.

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 23rd. Shareholders of record were paid a dividend of $0.33 on Friday, March 11th. The ex-dividend date was Thursday March 10th. That equates to a dividend of $1.32 on an annualized basis and a yield of 6.14%. Fortress Transportation and Infrastructure Investors dividend payout ratio is currently -39.40%.

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

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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