Proficio Capital Partners LLC Purchases Shares of 15,988 FTAI Aviation Ltd. (NYSE:FTAI)

Proficio Capital Partners LLC bought a new position in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 15,988 shares of the financial services provider's stock, valued at approximately $2,303,000.

Several other institutional investors have also recently made changes to their positions in the company. Los Angeles Capital Management LLC lifted its holdings in shares of FTAI Aviation by 87.6% in the 4th quarter. Los Angeles Capital Management LLC now owns 15,961 shares of the financial services provider's stock worth $2,299,000 after acquiring an additional 7,452 shares during the last quarter. Colonial River Investments LLC lifted its holdings in shares of FTAI Aviation by 10.3% in the 4th quarter. Colonial River Investments LLC now owns 3,986 shares of the financial services provider's stock worth $574,000 after acquiring an additional 372 shares during the last quarter. Callan Capital LLC bought a new stake in shares of FTAI Aviation in the 4th quarter worth about $203,000. Peregrine Asset Advisers Inc. bought a new stake in FTAI Aviation during the 4th quarter valued at about $1,020,000. Finally, Bradley Foster & Sargent Inc. CT bought a new stake in FTAI Aviation during the 4th quarter valued at about $247,000. Institutional investors own 88.96% of the company's stock.

FTAI Aviation Stock Down 3.7 %

Shares of FTAI Aviation stock traded down $4.06 on Friday, reaching $104.22. The stock had a trading volume of 2,791,464 shares, compared to its average volume of 3,751,672. The company has a 50 day moving average price of $123.42 and a 200 day moving average price of $134.35. FTAI Aviation Ltd. has a 1 year low of $54.84 and a 1 year high of $181.64. The stock has a market capitalization of $10.69 billion, a P/E ratio of -1,042.10 and a beta of 2.06.

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FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 14th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Friday, March 14th. FTAI Aviation's payout ratio is currently -342.86%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on FTAI shares. Barclays lifted their price objective on shares of FTAI Aviation from $135.00 to $180.00 and gave the company an "overweight" rating in a report on Wednesday, December 4th. Stifel Nicolaus reiterated a "hold" rating and set a $123.00 price objective (up previously from $100.00) on shares of FTAI Aviation in a report on Monday, March 3rd. Compass Point lifted their price objective on shares of FTAI Aviation from $175.00 to $181.00 and gave the company a "buy" rating in a report on Tuesday, December 17th. Royal Bank of Canada reiterated an "outperform" rating and set a $160.00 price objective on shares of FTAI Aviation in a report on Wednesday, January 22nd. Finally, Wolfe Research upgraded shares of FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 price objective for the company in a report on Friday, January 10th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $173.67.

FTAI Aviation Company Profile

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.