American Assets Capital Advisers LLC Sells 49,181 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

American Assets Capital Advisers LLC lessened its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 35.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 90,123 shares of the financial services provider's stock after selling 49,181 shares during the quarter. FTAI Aviation makes up 4.3% of American Assets Capital Advisers LLC's holdings, making the stock its 9th biggest holding. American Assets Capital Advisers LLC owned approximately 0.09% of FTAI Aviation worth $12,981,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of FTAI. Brown Brothers Harriman & Co. bought a new position in FTAI Aviation in the 3rd quarter valued at approximately $26,000. Anchor Investment Management LLC acquired a new position in FTAI Aviation in the 3rd quarter valued at approximately $31,000. Private Trust Co. NA increased its position in FTAI Aviation by 221.1% in the 4th quarter. Private Trust Co. NA now owns 244 shares of the financial services provider's stock valued at $35,000 after acquiring an additional 168 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of FTAI Aviation during the fourth quarter valued at $36,000. Finally, Blue Trust Inc. acquired a new position in shares of FTAI Aviation during the fourth quarter worth $56,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Price Performance

Shares of FTAI Aviation stock traded down $2.31 during trading on Thursday, reaching $106.70. 1,333,497 shares of the company traded hands, compared to its average volume of 1,592,497. The firm has a market capitalization of $10.94 billion, a PE ratio of -1,066.89 and a beta of 2.06. The company has a 50 day moving average price of $116.08 and a 200-day moving average price of $133.33. FTAI Aviation Ltd. has a 1-year low of $59.72 and a 1-year high of $181.64.

Remove Ads

FTAI Aviation Dividend Announcement

The business 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 dividend of $0.30 per share. The ex-dividend date is Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.12%. FTAI Aviation's dividend payout ratio (DPR) is presently -342.86%.

Analyst Ratings Changes

FTAI has been the subject of a number of recent research reports. Citigroup restated a "buy" rating on shares of FTAI Aviation in a report on Thursday, March 6th. Royal Bank of Canada restated an "outperform" rating and set a $160.00 price objective on shares of FTAI Aviation in a research report on Wednesday, January 22nd. StockNews.com raised FTAI Aviation to a "sell" rating in a research note on Saturday, March 15th. Wolfe Research raised shares of FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 target price for the company in a research report on Friday, January 10th. Finally, Stifel Nicolaus restated a "hold" rating and issued a $123.00 price target (up previously from $100.00) on shares of FTAI Aviation in a research report on Monday, March 3rd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, FTAI Aviation presently has an average rating of "Moderate Buy" and an average price target of $173.67.

About FTAI Aviation

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.