FTAI - Fortress Transportation and Infrastructure Investors LLC
| Previous Close | 19.65 |
| Open | 19.74 |
| Bid | 19.29 x 1100 |
| Ask | 19.33 x 1000 |
| Day's Range | 19.15 - 19.71 |
| 52 Week Range | 14.24 - 21.73 |
| Volume | 214,828 |
| Avg. Volume | 323,108 |
| Market Cap | 1.634B |
| Beta (5Y Monthly) | 1.13 |
| PE Ratio (TTM) | 40.87 |
| EPS (TTM) | 0.47 |
| Earnings Date | Feb 26, 2020 |
| Forward Dividend & Yield | 1.32 (6.26%) |
| Ex-Dividend Date | Nov 13, 2019 |
| 1y Target Est | 22.20 |
- GlobeNewswire
Fortress Transportation and Infrastructure Investors LLC to Participate in the Raymond James 41st Annual Institutional Investors Conference
NEW YORK, Feb. 21, 2020 -- Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) (the “Company”) today announced that Joe Adams, FTAI Chief Executive Officer,.
- Simply Wall St.
Is Now The Time To Look At Buying Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI)?
Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI), which is in the trade distributors business, and...
- GlobeNewswire
Fortress Transportation and Infrastructure Investors LLC to Participate in the J.P. Morgan 2020 Global High Yield & Leveraged Finance Conference
NEW YORK, Feb. 18, 2020 -- Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) (the “Company”) today announced that Joe Adams, FTAI Chief Executive Officer,.
- GlobeNewswire
Fortress Transportation and Infrastructure Investors LLC to Participate in the Barclays Industrial Select Conference
NEW YORK, Feb. 12, 2020 -- Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) (the “Company”) today announced that Joe Adams, FTAI Chief Executive Officer,.
- GlobeNewswire
Fortress Transportation and Infrastructure Investors LLC to Participate in Citi’s 2020 Global Industrials Conference
NEW YORK, Feb. 11, 2020 -- Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) (the “Company”) today announced that Joe Adams, FTAI Chief Executive Officer,.
- GlobeNewswire
Fortress Transportation and Infrastructure Investors LLC Announces Timing of Fourth Quarter and Full Year 2019 Earnings and Conference Call
Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI; the "Company") plans to announce its financial results for the fourth quarter and full year 2019 after the closing of the New York Stock Exchange on Thursday, February 27, 2020.
- GlobeNewswire
Fortress Transportation and Infrastructure Investors LLC to Participate in the Stifel 2020 Transportation and Logistics Conference
NEW YORK, Jan. 31, 2020 -- Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) (the “Company”) today announced that Joe Adams, FTAI Chief Executive Officer,.
- Simply Wall St.
A Look At The Intrinsic Value Of Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI)
Does the January share price for Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) reflect what...
- GlobeNewswire
Fortress Transportation and Infrastructure Investors LLC Announces the Pricing of the Private Offering of Jefferson Energy Companies Series 2020 Bonds
Fortress Transportation and Infrastructure Investors LLC (FTAI), through its Jefferson Energy companies (“Jefferson”), and The Port of Beaumont Navigation District of Jefferson County, Texas, announced the pricing of their previously announced private offering of Series 2020 Bonds with an aggregate principal amount of $263,980,000. The Series 2020 Bonds will be designated as $184,920,000 of Series 2020A Dock and Wharf Facility Revenue Bonds (the “Series 2020A Bonds”), and $79,060,000 of Series 2020B Taxable Facility Revenue Bonds (the “Taxable Series 2020B Bonds”). The Series 2020 Bonds are special, limited obligations of The Port of Beaumont Navigation District of Jefferson County, Texas, payable from, and secured solely by, the trust estate and the collateral pledged therefor.
- GlobeNewswire
Long Ridge Energy Terminal to Develop 300+ Megawatt Data Center Campus
Long Ridge Energy Terminal, located on 1,600 acres in Hannibal, Ohio announced today its plans to develop a 125-acre data center campus in conjunction with its on-site 485 MW combined cycle power plant currently under construction. Situated between Columbus, Ohio and Pittsburgh, Pennsylvania in an Opportunity Zone, the data center campus will offer more than 300 megawatts of capacity to serve custom hyperscale data center development and the wholesale colocation market in need of low-cost on-site power, new customizable white space data center infrastructure, and real estate expansion capability securely outside of the crowded northern Virginia data center market. Long Ridge’s initial 15-acre phase, dubbed “LR-1”, will deliver a 170,000-square foot powered shell with 24 megawatts of IT capacity.
- Insider Monkey
Hedge Fund Ardsley Partners’ Top Stock Picks
Ardsley Partners was founded back in 1987 by Philip Hempleman, who is the fund’s current Managing Partner, Chief Investment Officer, and Portfolio Manager. He holds a B.A. degree from Indiana University and an M.B.A. degree from New York University. Prior to launching Ardsley Partners, Mr Hempleman gained rich experience working in various hedge funds and […]
- Simply Wall St.
Introducing Fortress Transportation and Infrastructure Investors (NYSE:FTAI), A Stock That Climbed 31% In The Last Three Years
Low-cost index funds make it easy to achieve average market returns. But across the board there are plenty of stocks...
- Barrons.com
Carnival’s Ship Could Come In Next Year
Wells Fargo Securities says it’s patiently constructive on Carnival after a challenging 2019. Also, Wall Street analysts’ views on Tesla, Evolent Health, Patterson Cos., and Fortress Transportation and Infrastructure Investors.
- PR Newswire
GCM Grosvenor Announces Agreement to Acquire 49.9% Equity Interest in Long Ridge Energy Terminal from Fortress Transportation and Infrastructure Investors
GCM Grosvenor (GCM), a global alternative asset management firm, announced today that it has signed a definitive agreement to acquire a 49.9% equity interest in the Long Ridge Energy Terminal ("Long Ridge" or "the terminal") from Fortress Transportation and Infrastructure Investors (NYSE: FTAI) for $150 million in cash plus an earn-out.
- GlobeNewswire
Fortress Transportation and Infrastructure Investors LLC Announces Sale of 49.9% Interest in Long Ridge Terminal LLC
Fortress Transportation and Infrastructure Investors LLC (FTAI) (the “Company”) today announced that it has sold a 49.9% interest in Long Ridge Terminal LLC (“Long Ridge”) to the Labor Impact Fund, L.P., a fund managed by GCM Grosvenor (“GCM”) for $150 million in cash, plus an earn-out. Long Ridge, an industrial port and rail terminal located in Hannibal, Ohio, is the site of a new 485 MW combined cycle gas-fired power plant currently under construction and scheduled to be completed and operational by November 2021.
- Simply Wall St.
I Ran A Stock Scan For Earnings Growth And Fortress Transportation and Infrastructure Investors (NYSE:FTAI) Passed With Ease
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
- TipRanks
Analysts See a Buying Opportunity in These 3 Stocks Into Year-End
US Stocks have experienced a stellar growth spurt in 2019. We are now at record levels, with the S&P 500 trading up 24% year-to-date. The question is, can the rally continue?According to Barclays, the answer is ‘yes.’ Heading into 2020, the banking firm's Chief U.S. Equity Strategist, Maneesh Deshpande, is optimistic that lower recession odds, along with stronger data and a cooling down in the U.S. – China trade war could drive the S&P 500 even higher in 2020."Our “mini-bubble melt-up scenario” appears to be materializing: Recent data indicates the global manufacturing slowdown is stabilizing, and although we are not completely out of the woods, we do not expect it to morph into a recession next year. We are cautiously optimistic for a détente in the US-China Trade War, and monetary policy also remains accommodative around the globe," Deshpande stated.So, which stocks should you have on your watch list? We used TipRanks’ Stock Screener tool to dig out 3 stocks analysts think are undervalued right now, and are poised for growth in the months ahead. Let's take a closer look.Fortress Transportation (FTAI)Dealing with all manner of large transportation modes, Fortress Transportation is our first stock up for consideration. Wall Street has been looking at Fortress of late, and investors seem to like what they see. Year-to-date, Fortress stock is up an impressive 35% and remains close to its 52-week high.Traditionally, the company has used the cash flow generated from its successful aviation leasing business to fund longer-term infrastructure projects, along with paying a substantial dividend to shareholders. The company has done this by looking for assets that are selling well below inherent value.There’s a lot happening behind the fortress gates, and 2020 looks promising on several fronts; the company is expected to monetize several infrastructure assets over the coming months. Additionally, the company is about to launch its advanced engine repair joint venture, which should cement FTAI’s cost advantage for managing commercial engines. This is a market that's expected to double over the next 10 years. Furthermore, a potential structural corporate change from a limited partnership to a corporation should open FTAI shares to new investors. This comes alongside an anticipated dividend increase.B.Riley FBR’s Scott Buck is impressed, noting, “We see multiple opportunities for share appreciation, as we expect the monetization of some infrastructure assets to be used to invest in additional high-return aviation assets and pay down some debt. Furthermore, we believe the potential shift away from the K-1 tax structure will likely increase the number of institutional investors willing to own FTAI shares.”Buck suggests that if everything goes as planned, FTAI will be a $23 stock in the next 12 months, implying nearly 30% return. (To watch Buck’s track record, click here)Overall, the FTAI runway is pretty quiet at the moment, with only 3 analysts pitching in over the last 3 months. The 3 Buy ratings, though, amount to a Strong Buy consensus. An average price target of $22.50 puts the upside potential at almost 26%. (See Fortress stock analysis on TipRanks)Cantel Medical (CMD)From transport, we move on to the healthcare industry. Cantel Medical is a supplier of infection prevention products and services to the healthcare market, with a focus on endoscopy, water purification and filtration, and healthcare disposables.The last couple of years have seen Cantel face headwinds from several different directions. Medical water challenges, dental distributor destocking, reinvestments, and a contracting operating margin due to revenue growth slowing down, have all played their part.In October, though, the medical equipment maker completed the acquisition of Hu-Friedy, a global leading manufacturer of dental instruments, and provider of instrument reprocessing workflow systems.5-star Needham analyst Michael Matson believes the acquisition “should drive revenue growth and margins higher for the Dental business and CMD overall."The 5-star analyst thinks CMD’s medical business is in good shape moving forward, noting, “We believe that CMD’s organic growth and margins have bottomed and should begin to improve in FY21 with continued double-digit Medical growth and improving organic Dental growth. We believe that a divestiture of the medical water business would be a positive catalyst with the benefit to organic growth offsetting the modest EPS dilution. Taking all of this into account, we believe that CMD shares are now undervalued.”To this end, Matson upgraded his rating on CMD from a Hold to a Buy, along with a price target of $94, which implies 22% upside potential. (To watch Matson’s track record, click here)Similar to FTAI, the Street is rather quiet on Cantel, with only one other analyst chipping in with a neutral opinion on the medical business provider over the last 3 months. (See Cantel Medical's price targets and analyst ratings on TipRanks)Commercial Metals Company (CMC)Our final pick is Commercial Metals Company. Founded over a century ago, this Texas based company manufactures, recycles, and markets steel and metal products. The company owns steel minimills in various U.S. states, as well as in Poland.CMC has been showing a whole lot of momentum lately. Up over 35% year-to-date, the stock is outperforming the S&P 500 handily. Can the stock keep marching higher in 2020?Deutsche Bank’s Chris Terry believes CMC is still undervalued. The analyst instigated a "catalyst call" and upgraded the stock from a Hold to a Buy rating, while boosting the price target from $18.5 to $25. (To watch Terry’s track record, click here)Terry commented, "The company has completed a major acquisition in the past 12 months and is now seeing the benefits for the overall business. CMC is reaching an infection point where mill segment earnings remain strong and in addition fabrication profitability swings from a headwind to a tailwind."CMC will report its 1Q20 results on January 6th, and Terry believes consensus EBITDA of $140 million and EPS of $0.52 are too low. The analyst forecasts EBITDA of $164 million, 17% above the consensus and EPS of $0.70, 35% above the consensus.All in all, the street is fairly positive on this metal player. CMC has a Moderate Buy consensus rating based on 5 "buy" and 3 "hold" ratings, with an average stock-price forecast of $23.81. This suggests upside potential of nearly 13% from the current share price. (See Commercial Metals stock analysis on TipRanks)
- Simply Wall St.
Is Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) A Good Dividend Stock?
Dividend paying stocks like Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) tend to be popular...
- Zacks
New Strong Sell Stocks for November 29th
Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today.
- TipRanks
3 Buy-Rated Stocks with Over 7% Dividend Yield
Are you ready to find some strong returns? That’s the point of investing, after all: getting a return on your money. With bonds trading low, and the Federal Reserve holding rates below two percent, investors are naturally turning to stocks. The result is a boon for the markets, as evidenced by the Dow Jones, S&P 500, and NASDAQ indexes at record highs. For now, stocks are where the returns are.But not all stocks are created equal when it comes to returning on investors’ money. If you’re looking for steady gains, your best options are the reliable dividend stocks. Like bonds, these are instruments that will pay you back for putting money into them; but while bond rates are currently held down by Fed policy, dividends can offer much higher returns.So how are investors supposed to determine which dividend names represent the most compelling investments? We recommend using TipRanks’ Stock Screener. The tool helped us pinpoint 3 Buy-rated names that each boast a dividend yield of more than 7%, while the average dividend yield of the S&P 500 stands at 1.88%.Fortress Transportation and Infrastructure (FTAI)You’ve heard of real estate investment trusts – companies that make money through the purchase, leasing, and management of landed property. Fortress is a twist on that. This company makes its profits through the acquisition of transportation infrastructure and equipment. Fortress owns aircraft assets in the aviation industry, oil distribution terminals, and over 300 railroad tanker cars in Texas, among other investments.The aviation assets are the most lucrative for the company. According to FTAI’s Q3 earnings data, aviation leasing brought in over $185 million for the quarter, while other infrastructure and corporate activities showed net losses of nearly $65 million. The company was still able to declare $120.7 million in net earnings, and according to CEO Joe Adams, “We just put up record numbers in both net income and adjusted EBITDA. We see this momentum in profitability and cash flow continuing into 2020.”From an investor’s perspective, that momentum is a good thing. FTAI maintains a high dividend, with an annualized payout of $1.32 and quarterly payments of 33 cents, making the yield an impressive 7.76%. The 30-cent EPS, however, shows that this cannot be maintained long-term. The company will need to increase profits in order to keep up the dividend payments going forward. Fortunately, FTAI beat earnings forecasts by wide margins in Q3 and in Q2, and there is no reason to doubt the company’s ability to keep up the dividend at least in the near- to mid-term.Writing from JMP Securities, 5-star analyst Devin Ryan said, “Quarterly results for FTAI always include some noise, but the core trends underlying 3Q19 earnings appear to remain healthy.” Ryan rates FTAI an "outperform" along with a $24 price target, which implies an upside of 35%. (To watch Ryan's track record, click here)Stephens analyst Justin Long is also bullish, writing just after the quarterly release, “We were intrigued by FTAI’s conference call commentary regarding the potential to monetize some of its infrastructure assets as this could be a catalyst to improve shareholder value going forward…” Long set a $19 price target, more conservative than Ryan’s but still indicating an 7% upside potential. (To watch Long's track record, click here)It’s not often that the analysts all agree on a stock, so when it does happen, take note. FTAI’s Strong Buy consensus rating is based on a unanimous 3 Buys. The stock’s $21.67 average price target suggests an upside of 22% and a change from the current share price of $17.72. (See FTAI's stock analysis on TipRanks)Park Hotels & Resorts (PK)Like many high-yielding dividend stocks, PK is a real estate investment trust. The company focuses on hotel properties. Park has been a public company since it spun off from Hilton Worldwide in 2017.Park maintains a strong interest in Hilton hotels, owning Hilton properties in Chicago, Honolulu, New Orleans, and Orlando, as well as a 25% interest in the Capital Hilton in Washington, D.C. These are all prime vacation destinations, and are just a few of Park’s 52 properties. Park saw $2.7 billion in total revenues, and $477 million in net profits, from its hotels in fiscal 2018, a sign of the underlying strength of its niche.While hotels in prime tourist destinations are valuable in and of themselves, Park also manages its investments wisely. The company shed 13 assets in 2018, describing them as “non-core.” The shed assets included 10 of 14 international properties, indicating a strategic move toward solidifying US business. The sale netted the company $519 million. More recently, in the Q3 conference call, CEO Thomas Baltimore said, “Less than three years after launching the company, we successfully executed on our long-term strategic plan by completing the acquisition of Chesapeake Lodging Trust, a $2.5 billion transaction that accelerates our progress toward achieving several long-term goals.”REITs are required by US tax law to return as much as 90% of their income to shareholders, Park pays a quarterly dividend of 45 cents per share. This may not sound like much, but it comes out to a payment ratio of 137%, which would not be sustainable normally – except for that tax regulation requiring the high payout. Park’s dividend yield is 7.86%, which is nearly 4x the S&P 500 average.Nomura analyst Brian Dobson writes of Park Hotels, “In 2020E, we expect management to improve results at recently acquired hotels by: 1) adding group occupancy, 2) increasing F&B/hotel margins, 3) right-sizing transient ADR & occupancy, and 4) repurposing underutilized square feet. We believe that PK has already thoroughly reviewed legacy Chesapeake properties and that changes should be implemented shortly." The analyst added, "We remain positive on PK as its strategy to increase group occupancy and drive higher property-level margin continues to generate relative outperformance."Dobson suggests that if everything goes as planned, PK will be a $29 stock in the next 12 months, implying 24% return. (To watch Dobson's track record, click here)Richard Hightower, from Evercore ISI, is also bullish on Park. After the earnings conference call, he wrote, “As PK said on the call, it’s incumbent upon them to execute, and our view is that value is generally ascribed as value is earned.” In the same note, Hightower reiterated his Buy rating and $30 price target. That target suggests a 31% upside, so he clearly believes the company will execute. (To watch Hightower's track record, click here)Wall Street sizes up PK as a ‘Moderate Buy’ stock, as the bulls edge out the cautious on the stock. In the last 3 months, PK has received 4 bullish ratings versus 3 analysts hedging their bets, and one bear who doubts the company can secure a turnaround. The consensus price target hints there could be about 14% upside for investors, with the stock fetching $26.50. (See Park Hotels' stock analysis on TipRanks)Six Flags Entertainment (SIX)After getting three upgrades last summer, Six Flags, the amusement park operator, is now in the midst of its down season. Q3 is typically the company’s best, as it encompasses the high-volume summer months, and while this year was no exception to the pattern, SIX disappointed investors by missing the EPS expectations.Earnings came in at $2.11, down 20 cents from the forecast. Total quarterly earnings, at $200 million, were slightly below the $204 million from last year’s Q3. At the same time, revenues were up – the company brought in $621 million gross, $1 million more than a year ago. That gain came on attendance growth of 3%, but at the same time, park-goers were not spending as much as in previous years.Company SEO Jim Reid-Anderson put a positive spin on the quarterly report, saying, “We were pleased to achieve record attendance and revenue for the first nine months of 2019… we are laser focused on achieving our tenth consecutive record year…”In a boon for investors, SIX kept up its dividend payment, paying out 83 cents. This was in-line with the company’s dividend payment for the previous four quarters, and with Six’s 9-year history of maintaining or growing the dividend. The current yield is 7.39%. The payment ratio of 127% is a dark spot, especially going into the low-income winter months, but will likely be sustainable if park attendance continues to increase next year.4-star Oppenheimer analyst Ian Zaffino describes the Q3 report as “disappointing,” but maintains his Buy rating on SIX. He writes, “Six Flags Entertainment Corporation (SIX) is the world's largest regional theme park operator, with 25 locations across North America, including 22 in the United States, one in Canada, and two in Mexico…” He points out the company’s 2010 bankruptcy emergence, and adds, “The company now has a significantly delevered balance sheet.” Zaffino gives SIX a $63 price target, for a 44% upside potential. (To watch Zaffino's track record, click here)Also bullish is Eric Wold, from B. Riley, writing, “While we had previewed the potential for an upside quarter, we do not come away concerned with the 3Q19 miss and actually believe the improving membership base growth provides a more attractive set-up into 2020 and beyond.” Wold’s $67 price target suggests a robust 53% upside. (To watch Wold's track record, click here)Six Flags stock sells for $43.83, and the average price target of $56.57 indicates a 30% upside despite the recent down quarter. The Street’s consensus is a Moderate Buy, based on 5 "buys" and 3 "holds" set in recent weeks. (See Six Flags' stock analysis on TipRanks)
- Thomson Reuters StreetEvents
Edited Transcript of FTAI earnings conference call or presentation 1-Nov-19 12:00pm GMT
Q3 2019 Fortress Transportation and Infrastructure Investors LLC Earnings Call
- GlobeNewswire
Fortress Transportation and Infrastructure Investors LLC Prices Its Public Offering of Preferred Shares
Fortress Transportation and Infrastructure Investors LLC (FTAI) (the “Company”) announced today that it has priced its previously announced registered underwritten public offering of 4,000,000 Fixed-to-Floating Rate Series B Cumulative Perpetual Redeemable Preferred Shares, liquidation preference of $25.00 per share, representing limited liability company interests (the “Preferred Shares”), at a public offering price of $25.00 per share for gross proceeds of approximately $100 million. The Company intends to apply to list the Preferred Shares on the New York Stock Exchange under the symbol “FTAI PR B.” The offering is expected to close on November 27, 2019, subject to customary closing conditions.
- GlobeNewswire
Fortress Transportation and Infrastructure Investors LLC Announces Proposed Public Offering of Preferred Shares
Fortress Transportation and Infrastructure Investors LLC (FTAI) (the “Company”) announced today its intention to offer Fixed-to-Floating Rate Series B Cumulative Perpetual Redeemable Preferred Shares, liquidation preference $25.00 per share, representing limited liability company interests (the “Preferred Shares”), in a registered underwritten public offering. The Company intends to apply to list the Preferred Shares on the New York Stock Exchange under the symbol “FTAI PR B.” In connection with the offering, the Company expects to grant to the underwriters a 30-day option to purchase up to an additional 15% of the Preferred Shares being offered to cover over-allotments, if any.
- CNW Group
CP to acquire Central Maine & Quebec Railway from FTAI
CALGARY and NEW YORK , Nov. 20, 2019 /CNW/ - Canadian Pacific (CP) (CP) and Fortress Transportation and Infrastructure Investors LLC (FTAI) announced they have entered into a definitive agreement whereby CP will acquire the Central Maine & Quebec Railway ("CMQ"). CMQ owns 481 miles (774 kilometres) of rail lines primarily in Quebec and Maine . The end-to-end transaction will provide CP customers with seamless, safe and efficient access to ports at Searsport, Maine and to Saint John, New Brunswick , via Eastern Maine Railway Company (EMRY) and New Brunswick Southern Railway (NBSR), thereby preserving and enhancing competition.
- Simply Wall St.
Before You Buy Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI), Consider Its Volatility
If you own shares in Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) then it's worth thinking...
