Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI) announced a quarterly dividend on Thursday, March 1st, Wall Street Journal reports. Shareholders of record on Friday, March 16th will be given a dividend of 0.33 per share by the financial services provider on Tuesday, March 27th. This represents a $1.32 dividend on an annualized basis and a yield of 8.00%. The ex-dividend date is Thursday, March 15th.
Fortress Transprtn and Infr Investrs has a dividend payout ratio of 825.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Fortress Transprtn and Infr Investrs to earn $0.77 per share next year, which means the company may not be able to cover its $1.32 annual dividend with an expected future payout ratio of 171.4%.
Fortress Transprtn and Infr Investrs (FTAI) traded up $0.17 during trading on Thursday, reaching $16.50. The company’s stock had a trading volume of 369,402 shares, compared to its average volume of 410,376. Fortress Transprtn and Infr Investrs has a 12 month low of $14.25 and a 12 month high of $20.13. The firm has a market capitalization of $1,418.01, a P/E ratio of -276.00 and a beta of 1.55.
FTAI has been the subject of a number of research analyst reports. Zacks Investment Research cut Fortress Transprtn and Infr Investrs from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. BidaskClub cut Fortress Transprtn and Infr Investrs from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 9th. Finally, Bank of America raised their price target on Fortress Transprtn and Infr Investrs from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Monday, November 6th. One research analyst has rated the stock with a sell rating and three have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $20.67.
In other news, Director Martin Tuchman purchased 25,000 shares of the company’s stock in a transaction dated Tuesday, January 16th. The stock was acquired at an average price of $18.65 per share, for a total transaction of $466,250.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.87% of the company’s stock.
About Fortress Transprtn and Infr Investrs
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.
Receive News & Ratings for Fortress Transprtn and Infr Investrs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortress Transprtn and Infr Investrs and related companies with MarketBeat.com's FREE daily email newsletter.