FTAI - Fortress Transportation and Infrastructure Investors LLC
Chart Events
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 11.12 |
| Open | 10.77 |
| Bid | 10.69 x 1000 |
| Ask | 11.57 x 900 |
| Day's Range | 10.69 - 11.34 |
| 52 Week Range | 3.69 - 21.73 |
| Volume | 515,561 |
| Avg. Volume | 928,880 |
| Market Cap | 957.539M |
| Beta (5Y Monthly) | 1.92 |
| PE Ratio (TTM) | 4.29 |
| EPS (TTM) | 2.62 |
| Earnings Date | Jul 30, 2020 - Aug 03, 2020 |
| Forward Dividend & Yield | 1.32 (11.87%) |
| Ex-Dividend Date | May 14, 2020 |
| 1y Target Est | 17.10 |
- Thomson Reuters StreetEvents
Edited Transcript of FTAI earnings conference call or presentation 1-May-20 12:00pm GMT
Q1 2020 Fortress Transportation and Infrastructure Investors LLC Earnings Call
- Simply Wall St.
Downgrade: Here's How Analysts See Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) Performing In The Near Term
The latest analyst coverage could presage a bad day for Fortress Transportation and Infrastructure Investors LLC...
- Motley Fool
Fortress Transportation and Infrastructure Investors LLC (FTAI) Q1 2020 Earnings Call Transcript
FTAI earnings call for the period ending March 31, 2020.
- Zacks
Fortress Transportation (FTAI) Reports Break-Even Earnings for Q1
Fortress Transportation (FTAI) delivered earnings and revenue surprises of -100.00% and -19.35%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
- GlobeNewswire
FTAI Reports First Quarter 2020 Results, Dividend of $0.33 per Common Share
NEW YORK, April 30, 2020 -- Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) (the “Company” or “FTAI”) today reported financial results for the first.
- GlobeNewswire
Fortress Transportation and Infrastructure Investors LLC and Air France Announce an Agreement for the Sale and Leaseback of Sixteen Aircraft
Fortress Transportation and Infrastructure Investors, LLC (FTAI) and Société Air France, a wholly owned subsidiary of Air France – KLM S.A. (OTCMKTS: AFLYY; “Air France”) announce an agreement in which FTAI has agreed to purchase and leaseback 16 aircraft from Air France for an average term of 34 months. “We are excited to partner with the Air France team on this transaction,” said Joe Adams, FTAI’s Chairman and Chief Executive Officer. “FTAI’s flexible approach to leasing and expertise in the CFM engine market has allowed us to provide significant value to Air France.”
- Simply Wall St.
Here’s why Fortress Transportation and Infrastructure Investors LLC’s (NYSE:FTAI) Returns On Capital Matters So Much
Today we'll look at Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) and reflect on its potential...
- Zacks
Fortress Transportation (FTAI) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
Fortress Transportation (FTAI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- TipRanks
3 Hot Insider Stock Picks You Need to Know
The S&P 500 has gained nearly 11% so far this month, and this rally is truly what seems to be – a bullish rally in the midst of a larger bear market. And this, of course, brings us to the main issue that investors must answer now: where to put their money. Markets bottomed on March 23, almost four weeks ago, and that trough brought many stocks down to an attractive point of entry. The current rally has not pushed them back high enough to erase that; the current price plateau offers latecomers a chance to buy into the rally while prices are still attractively low.So how to recognize the most compelling buying opportunities?One way is to follow the insiders. The word may have an unsavory flavor, especially after recent allegations that several Senators made ‘inside trades’ just as the coronavirus lockdowns started. But in reality, insiders are just corporate officers and Board members, the men and women responsible to shareholders for running America’s publicly traded corporations – and who also, by virtue of their positions, have access to earlier and better knowledge of the factors that will move stock values. They do trade on that knowledge – and to help keep the playing field level, they are required to make their inside stock moves public. Following their purchases is a viable strategy for finding potentially profitable stock plays.TipRanks has the tools to help you do just that. The Insiders’ Hot Stocks page shows which stocks top insiders are most active on, for both purchases and sales. You can sort insider trades by a variety of filters, including trading strategy. We’ve done some of the legwork for you, and pulled up three stocks with recent informative buy-side transactions. Here are the results.Fortress Transportation and Infrastructure (FTAI)The first company on our list today, Fortress Transportation, resembles REITs. Fortress buys, owns, and manages properties in the transportation industry, especially in the infrastructure segment. Where it deviates from the usual REIT format is in its other assets: Fortress also owns and operates the actual equipment in the transport niche, equipment like shipping containers, offshore drilling ships, and commercial jet aircraft. That last, commercial aircraft, makes up over 61% of the company’s asset portfolio. Fortress generates its profits through leases on its owned assets.On the insider front, three informative purchases have swung sentiment on this stock strongly positive. Two were made by members of the Board of Directors; the smaller, by Kenneth Nicholson, for $215,700, and the larger, by Paul Goodwin, for $435,880. The truly huge purchase, however, was made by a 10% owner in the company – an institutional investor, the Washington State Investment Board, which laid down $19.9 million for a 2.353 million shares. The magnitude of these purchases are clear indicators of confidence in the stock.As last year ended, FTAI finished with strong quarterly earnings. The 12 cents reported were 71% above the forecast, it was the third consecutive quarter to beat the forecast. Better yet, for investors, Fortress reported that, as of the end of 2019, 80% of its aviation equipment assets were leased out – and that the average remaining lease term was 29 months. This puts the company in a strong position to weather the coronavirus storm, as it guarantees income from half of the company’s assets for another two years.In addition to a solid fiscal footing, FTAI offers a 33-cent quarterly dividend. At $1.32, the annualized payment gives the stock a yield of 14.4%, more than enough to attract investors now that the Fed has cut rates back to near-zero, and made sweeter by a 5-year reliable payment history.Stephens analyst Justin Long is also confident in FTAI. He notes the stock’s high dividend, as well as its advantageous debt position, despite a heavy recent sell-off. At the bottom line, he writes, “We feel like the damage has been done with a draconian scenario being priced-in. We would also note FTAI is relatively well positioned in the aviation leasing industry with total debt to cap under 50% and no debt maturities until 2022... We also believe the infrastructure assets should drive substantial cash flow over the long term with FTAI continuing to opportunistically assess opportunities to monetize these assets…”Long puts a Buy on this FTAI shares, and his $22 price target implies a powerful upside potential of 125%, another attractive feature to go along with the high-yield dividend. (To watch Long’s track record, click here)Fortress has a Strong Buy rating from the analyst consensus, with 6 Buys outweighing a single Hold. The shares sell for $9.77, and the $21.43 average price target suggests that there is room for an impressive 118% upside growth in the coming 12 months. (See Fortress stock analysis at TipRanks)Stich Fix, Inc. (SFIX)Now here is an interesting niche; this small-cap company works to personalize online clothing shopping. The company’s platform allows customers to make stylistic preferences – and then receive periodic packages of clothing, selected by the company’s stylists. Once received, customers can choose to keep or return some or all of the clothes choices. It’s a unique take on eCommerce, combining data science, machine learning, and a personal touch to predict what customers will enjoy most.Looking ahead, the company is expected to post a 15-cent per share loss in fiscal Q3, for the period in this month – and covering, in large part, the economic shutdown due to the COVID-19 epidemic.But despite the tough path forward, two company directors have made multi-million dollar purchases in recent days. William Gurley spent $15.8 million on a 1 million share purchase this past Monday; Steven Spurlock spent $16.6 million on 1.05 million shares the same day. The two buys swung the sentiment need sharply into positive territory, and also show that both shareholders are willing to take advantage of current low prices to expand their holdings.Youssef Squali, 5-star analyst with SunTrust Robinson, explains why this may be a good idea. Acknowledging that the company has sharply pulled back its Q3 and full year guidance due to the commercial disruptions of COVID-19, Squali also says, “While we recognize that demand trends are likely to worsen in 2Q and possibly 3Q before they start getting better in 4Q (our estimate), we believe that shareholders with a longer-term horizon will be rewarded given the company's strong competitive positioning and sustainable business model…”For that long term, Squali sees a fit to place $27 price target, implying 80% growth for the stock. In line with this, he maintains his Buy rating. (To watch Squali’s track record, click here)The Moderate Buy analyst consensus view on this stock is backed by a near-even split of 8 Buys and 6 Holds. The $19.31 average price target indicates a 23% premium from the $15.70 current trading price of the shares. (See Stitch Fix stock analysis at TipRanks)Public Storage (PSA)Public Storage is well known for its chain of self-storage facilities across the US. In organization, PSA is a real estate investment trust, owning the properties and deriving income from leases and management fees.In recent days, three company Board members – Avedick Baruyr, Wayne Hughes, and Gary Pruitt – each purchased a block of 5,000 shares, for the price of $471,250. The purchases show clear confidence in the stock. These purchases bring the insider buys of the past three months to well over $1.5 million dollars.Public Storage came into 2020 with rising earnings, although results were just below the forecasts. Finishing calendar year 2019, PSA showed $2.84 in Q4 funds from operations, along with $598 million in total quarterly revenues. For the full year, FFO was $10.75, up 1.8% yoy, and revenue came in at $2.4 billion, up 1.4% from 2018. The numbers give the company a firm foundation, which it found it needed to face the dislocations in today’s economic landscape. Looking forward, PSA will be reporting first quarter results at the end of the month, and is expected to show $2.58 in FFO – a sequential decline of 9.2%.In a bright spot, however, PSA is maintaining its dividend. The company has made the payments reliably for the last 11 years – an admirable record – and the current payment is $2 per share quarterly. This gives a payout ratio of 70%, indicating that the dividend is affordable at current income levels – and will likely stay affordable, even if FFO slips this year. The annualized payment of $8 per share makes the dividend yield 4.1%; not huge, but still double the average among S&P listed companies.Turning to Wall Street’s view of the stock, we find that Merrill Lynch analyst Jeffrey Spector has recently upgraded his stance on PSA. Spector bumped his outlook from Neutral to Buy, and raised his price target to $267, suggesting a robust 36% upside. (To watch Spector’s track record, click here)Backing his view, Spector wrote, “PSA remains well positioned in our view, with minimal debt coming due in 2020 and ~$400M cash on hand as of 4Q… PSA [has] ample liquidity to take advantage of acquisition opportunities that arise.”Overall, PSA shares are still rated a "hold" by Wall Street’s analyst corps, based on an even 3-way split: 3 Buys, 3 Holds, and 3 Sells. The stock sells for $196.48 – and the average price target of $208.78 suggests only 6% upside. (See Public Storage stock analysis on TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
- GlobeNewswire
Fortress Transportation and Infrastructure Investors LLC Announces Timing of First Quarter 2020 Earnings and Conference Call
Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI; the "Company") plans to announce its financial results for the first quarter 2020 after the closing of the New York Stock Exchange on Thursday, April 30, 2020. The conference call may be accessed by dialing (877) 447-5636 (from within the U.S.) or (615) 247-0080 (from outside of the U.S.) ten minutes prior to the scheduled start of the call; please reference "FTAI First Quarter 2020 Earnings Call." Fortress Transportation and Infrastructure Investors LLC owns and acquires high quality infrastructure and equipment that is essential for the transportation of goods and people globally.
- GuruFocus.com
Insiders Roundup: Carnival, Bank Of New York Mellon
Largest insider trades of the week Continue reading...
- GlobeNewswire
Fortress Transportation and Infrastructure Investors LLC Announces 2019 K-1 Tax Package
NEW YORK, March 24, 2020 -- Fortress Transportation and Infrastructure Investors LLC (“NYSE:FTAI”) today announced that its 2019 Schedule K-1 tax packages are available online..
- Moody's
Voyager Aviation Holdings, LLC -- Moody's takes actions on the ratings of 7 aircraft lessors; changes aircraft leasing sector outlook to negative from stable due to coronavirus uncertainty
Moody's Investors Service, ("Moody's") has affirmed the ratings of the following aircraft leasing companies and revised their outlooks to negative: AerCap Holdings N.V. (Baa3 backed issuer rating), Aviation Capital Group LLC (Baa2 issuer rating), Avolon Holdings Limited (Baa3 backed issuer rating), DAE Funding LLC (Baa3 backed long-term senior unsecured), Fly Leasing Limited (Ba3 corporate family rating), and Voyager Aviation Holdings, LLC (B1 corporate family rating). Moody's has also revised the review of Aircastle Limited's Baa3 long-term senior unsecured rating to review for downgrade from review direction uncertain.
- Simply Wall St.
Trade Alert: The Director Of Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI), Kenneth Nicholson, Has Just Spent US$216k Buying Shares
Investors who take an interest in Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) should...
- Thomson Reuters StreetEvents
Edited Transcript of FTAI earnings conference call or presentation 28-Feb-20 1:00pm GMT
Q4 2019 Fortress Transportation and Infrastructure Investors LLC Earnings Call
- Moody's
Aircastle Limited -- Moody's takes actions on the ratings of 7 aircraft lessors; changes aircraft leasing sector outlook to negative from stable due to coronavirus uncertainty
Moody's Investors Service, ("Moody's") has affirmed the ratings of the following aircraft leasing companies and revised their outlooks to negative: AerCap Holdings N.V. (Baa3 backed issuer rating), Aviation Capital Group LLC (Baa2 issuer rating), Avolon Holdings Limited (Baa3 backed issuer rating), DAE Funding LLC (Baa3 backed long-term senior unsecured), Fly Leasing Limited (Ba3 corporate family rating), and Voyager Aviation Holdings, LLC (B1 corporate family rating). Moody's has also revised the review of Aircastle Limited's Baa3 long-term senior unsecured rating to review for downgrade from review direction uncertain.
- Moody's
International Lease Finance Corporation -- Moody's takes actions on the ratings of 7 aircraft lessors; changes aircraft leasing sector outlook to negative from stable due to coronavirus uncertainty
Moody's Investors Service, ("Moody's") has affirmed the ratings of the following aircraft leasing companies and revised their outlooks to negative: AerCap Holdings N.V. (Baa3 backed issuer rating), Aviation Capital Group LLC (Baa2 issuer rating), Avolon Holdings Limited (Baa3 backed issuer rating), DAE Funding LLC (Baa3 backed long-term senior unsecured), Fly Leasing Limited (Ba3 corporate family rating), and Voyager Aviation Holdings, LLC (B1 corporate family rating). Moody's has also revised the review of Aircastle Limited's Baa3 long-term senior unsecured rating to review for downgrade from review direction uncertain.
- Zacks
Here is Why Growth Investors Should Buy Fortress Transportation (FTAI) Now
Fortress Transportation (FTAI) possesses solid growth attributes, which could help it handily outperform the market.
- Zacks
Should Value Investors Buy Fortress Transportation (FTAI) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- TipRanks
BTIG: 3 High-Yield Dividend Stocks to Weather the Market Storm
The stock markets are setting new records again, but not the good kind. Yesterday’s trading session opened with a point drop steep enough to trigger the stop-trading circuit breaker system, and by the end of the day the S&P was down 12% and the Dow Jones had fallen 13%. Once again, it was the worst single-day loss since the financial crisis of 2008. It is, as they say, interesting times.The view on Wall Street attributes the sell-off to worries that the Fed has used up all of its resources in the initial stage of the bear market, and will not be able to intervene if markets continue to deteriorate. Terence Wong, CEO of Azure Capital, said as much in comments to the Wall Street Journal: “It’s basically using up all of their ammunition within a three-week span. There’s nothing left. They can’t use monetary loosening as part of their arsenal anymore.”But that doesn’t mean you can’t still make money trading stocks. Bear markets are on us, but they bring with them opportunities to buy into fundamentally sound investments, and at discount prices. Investors can choose from a range of strategies to take advantage of falling markets; one of the simplest is just to buy low in a segment offering high returns.BTIG has just released a report that highlights exactly the kind of stocks you want to be thinking about right now. These are ‘high quality’ dividend stocks specially selected by the firm. And by ‘high-quality’ BTIG means stocks with the 'highest conviction.' In other words, these stocks are the best-positioned to 1) withstand an economic deterioration; and 2) diminishing equity returns. Let's take a closer look:Fortress Transportation and Infrastructure (FTAI)We’ll start with a company that offers a variation on the usual REIT. Fortress acquired properties and assets in transportation infrastructure. The company’s assets include aircraft and jet engines, oil distribution terminals, power plants, and railroad tanker cars. Fortress’ income stream comes primarily from leasing out equipment assets.FTAI’s Q4 results included 12-cent EPS, well above the 7-cent forecast, and the third quarter in a row that beat the estimates. The company also announced a 33-cent quarterly dividend, giving the stock an extraordinary dividend yield of 15.4%. With the average dividend yield among S&P companies hovering near 2%, and Treasury bonds yielding below 1%, there is quite simply no comparison between FTAI’s return and the average.Analyst Giuliano Bologna, of BTIG, believes that FTAI has a clear path forward, especially based on its aviation assets. He writes, “FTAI has a pipeline of near-term catalysts that should drive substantial EBITDA and dividend upside… While FTAI shares have traded lower with airlines and other aircraft leasing companies, we believe FTAI is well positioned with the Company’s focus on CFM56 engines which are cheaper to operate and power narrow-body aircrafts… FTAI may have a greater advantage with the Company’s unique and proprietary ability to substantially reduce maintenance costs.”Bologna puts a $27 price target on FTAI shares, backing up his Buy rating and implying that the upside could reach an impressive 260%. (To watch Bologna’s track record, click here)Overall, FTAI shares have a Strong Buy analyst consensus rating, based on a lopsided mix of reviews: 5 Buy-sides, and only 1 Hold set in recent weeks. The stock is affordable, at just $8.60 per share, while the average price target suggests room for 181% growth to the upside. (See Fortress stock analysis on TipRanks)Corporate Office Properties Trust (OFC)As its name suggests, Corporate Office Properties Trust is an REIT focused on commercial properties, specifically office buildings. The majority of the company’s properties are located in a narrow corridor of Northern Virginia, Washington DC, and Maryland, with a large presence in the Washington Naval Yard, Baltimore, and College Park. Most of OFC’s tenants are US government agencies or contractors.Catering to the US government is a lucrative niche, especially in the Washington area, and OFC reported $40.3 million in funds from operations during Q4. Total net income was $42.8 million. Total revenue for the quarter beat the forecast, and came in at $157.8 million. Full year 2019 income came to $2.03 per share.OFC’s income stream supports a 27.5 cent quarterly dividend. At $1.10, the annualized payment gives a strong yield of 5.4%. OFC has held its dividend steady since 2012 – but has also not missed a payment. The payout ratio, at 55%, shows that the company can easily afford to keep up the dividend at the current yield and income levels – a good sign for investors seeking a reliable income stream.BTIG analyst Tom Catherwood sees an easy route for OFC continued profitability, writing of the company, “We expect increased DoD spending and incremental demand for cloud-based data center solutions (especially given recent work-from-home protocols) to drive leasing demand and development opportunities. Additionally, the counter-cyclical nature of DoD funding could positively impact both near-term revenue growth and long-term value creation upside for Corporate Office, even if we see further economic erosion.”In-line with his upbeat outlook on this company, Catherwood rates OFC shares a Buy. His $33 price target indicates his confidence a 67% upside for the stock. (To watch Catherwood’s track record, click here)With 3 Buy ratings against a single Hold, OFC shares have a Strong Buy rating from the analyst consensus. The stock is currently trading for $20.39, and the $32.75 average price target suggests a 60% upside for the next 12 months. (See OFC stock analysis at TipRanks)Getty Realty Corporation (GTY)The final stock on our list is Getty realty, an REIT with a unique niche. The company owns, leases, and finances convenience stores and gas stations across the US. Getty has 945 properties across the lower 48 states and Hawaii, of which 877 are fully owned and 68 are leased from third-party landlords. A majority of GTY’s properties are located in the Northeast.GTY reported Q4 revenues up 31% year-over-year, to $11.5 million, with full-year 2019 revenue growth at 22% to $36.4 million. Company management described 2019 as a ‘strong growth year,’ with 62 new customers in the final quarter.Along with revenue growth, GTY offers investors a steadily growing dividend; the company has been gradually increasing payments since 2017. At 37 cents, the quarterly dividend annualizes to $1.48, and gives a yield of 7.2%.GTY has kept a reliable dividend payment since 2011, and the payout ratio of 86% implies that the payment is affordable for the foreseeable future.BTIG’s Michael Gorman, rated 4-stars in the Tipranks database, gives GTY a $36 price target, suggesting the stock will grow 74% in the coming year and supporting his Buy rating. (To watch Gorman’s track record, click here)Backing this view, and outlining the company’s probably path for the near- to mid-term, Gorman writes, “As continued volatility in the market and concerns about the impact of COVID-19 play out, we think stable cash flows and strong balance sheets will be key traits investors will look for… GTY does not have exposure to some of the retail categories that we consider most at risk with COVID-19, including entertainment and restaurants... GTY’s low leverage gives management plenty of “dry powder” to pursue additional deals if they present themselves.”This stock’s Moderate Buy consensus view is based on 2 Buy ratings and 1 Sell. The average price target is $34, which indicates room for 66% upside potential in the coming 12 months. (See Getty Realty stock analysis at TipRanks)
- GlobeNewswire
Fortress Transportation and Infrastructure Investors LLC to Participate in the J.P. Morgan Industrials Conference
NEW YORK, March 03, 2020 -- Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) (the “Company”) today announced that Joe Adams, FTAI Chief Executive Officer,.
- GlobeNewswire
FTAI Reports Record Fourth Quarter and Full Year 2019 Results, Dividend of $0.33 per Common Share
NEW YORK, Feb. 27, 2020 -- Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) (the “Company” or “FTAI”) today reported financial results for the quarter and.
- 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,.
