American Assets Capital Advisers LLC cut its holdings in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 14.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 139,304 shares of the financial services provider's stock after selling 23,542 shares during the quarter. FTAI Aviation accounts for 5.7% of American Assets Capital Advisers LLC's investment portfolio, making the stock its 6th largest position. American Assets Capital Advisers LLC owned about 0.14% of FTAI Aviation worth $18,514,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in FTAI. Arcadia Investment Management Corp MI purchased a new stake in FTAI Aviation during the 2nd quarter worth approximately $33,000. Farther Finance Advisors LLC increased its position in shares of FTAI Aviation by 118.1% during the third quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider's stock worth $46,000 after purchasing an additional 189 shares in the last quarter. Ridgewood Investments LLC purchased a new stake in shares of FTAI Aviation during the second quarter worth approximately $59,000. EverSource Wealth Advisors LLC increased its position in shares of FTAI Aviation by 165.0% during the first quarter. EverSource Wealth Advisors LLC now owns 2,875 shares of the financial services provider's stock worth $202,000 after purchasing an additional 1,790 shares in the last quarter. Finally, RiverPark Advisors LLC purchased a new stake in shares of FTAI Aviation during the second quarter worth approximately $202,000. 88.96% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on FTAI shares. Citigroup upped their target price on shares of FTAI Aviation from $134.00 to $165.00 and gave the stock a "buy" rating in a report on Monday, October 28th. StockNews.com upgraded FTAI Aviation to a "sell" rating in a research report on Friday, August 2nd. Barclays increased their price target on FTAI Aviation from $110.00 to $135.00 and gave the stock an "overweight" rating in a report on Friday, November 1st. Benchmark increased their target price on shares of FTAI Aviation from $150.00 to $300.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Finally, Stifel Nicolaus raised shares of FTAI Aviation from a "hold" rating to a "buy" rating and increased their price objective for the stock from $69.00 to $132.00 in a research report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $162.09.
Read Our Latest Stock Report on FTAI
FTAI Aviation Price Performance
Shares of NYSE:FTAI traded down $3.23 during trading on Tuesday, hitting $161.45. 815,007 shares of the company were exchanged, compared to its average volume of 1,048,488. The stock has a market capitalization of $16.50 billion, a P/E ratio of -1,614.34 and a beta of 2.04. FTAI Aviation Ltd. has a 12-month low of $40.01 and a 12-month high of $166.00. The firm's 50 day moving average price is $136.52 and its 200-day moving average price is $110.74.
FTAI Aviation (NYSE:FTAI - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share for the quarter, missing analysts' consensus estimates of $0.77 by ($0.01). FTAI Aviation had a net margin of 1.59% and a return on equity of 198.02%. The company had revenue of $465.80 million during the quarter, compared to analysts' expectations of $422.45 million. During the same period last year, the firm earned $0.33 earnings per share. FTAI Aviation's revenue was up 60.0% on a year-over-year basis. As a group, equities research analysts anticipate that FTAI Aviation Ltd. will post 2.2 EPS for the current year.
FTAI Aviation Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Thursday, November 14th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Thursday, November 14th. FTAI Aviation's dividend payout ratio is currently -1,199.88%.
About FTAI Aviation
(
Free Report)
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.
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