American Assets Investment Management LLC lowered its position in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 25.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,675 shares of the financial services provider's stock after selling 3,642 shares during the period. American Assets Investment Management LLC's holdings in FTAI Aviation were worth $1,419,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Arcadia Investment Management Corp MI acquired a new position in FTAI Aviation in the second quarter valued at $33,000. Farther Finance Advisors LLC boosted its stake in FTAI Aviation by 118.1% in the third quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider's stock valued at $46,000 after acquiring an additional 189 shares in the last quarter. Ridgewood Investments LLC acquired a new position in FTAI Aviation in the second quarter valued at $59,000. EverSource Wealth Advisors LLC boosted its stake in FTAI Aviation by 165.0% in the first quarter. EverSource Wealth Advisors LLC now owns 2,875 shares of the financial services provider's stock valued at $202,000 after acquiring an additional 1,790 shares in the last quarter. Finally, RiverPark Advisors LLC acquired a new position in FTAI Aviation in the second quarter valued at $202,000. Institutional investors and hedge funds own 88.96% of the company's stock.
Wall Street Analysts Forecast Growth
FTAI has been the subject of several research analyst reports. JMP Securities upped their price objective on shares of FTAI Aviation from $90.00 to $132.00 and gave the company a "market outperform" rating in a research note on Thursday, July 25th. BTIG Research started coverage on shares of FTAI Aviation in a research note on Monday, August 26th. They set a "buy" rating and a $140.00 target price for the company. Deutsche Bank Aktiengesellschaft increased their target price on shares of FTAI Aviation from $125.00 to $160.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Barclays increased their target price on shares of FTAI Aviation from $110.00 to $135.00 and gave the stock an "overweight" rating in a research note on Friday, November 1st. Finally, 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. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $162.09.
Get Our Latest Analysis on FTAI Aviation
FTAI Aviation Stock Down 2.0 %
NYSE FTAI traded down $3.23 during trading hours on Tuesday, hitting $161.45. 815,007 shares of the stock were exchanged, compared to its average volume of 1,048,488. FTAI Aviation Ltd. has a 12-month low of $40.01 and a 12-month high of $166.00. The company has a market cap of $16.50 billion, a price-to-earnings ratio of -1,614.34 and a beta of 2.04. The stock has a 50-day moving average of $136.52 and a 200 day moving average of $110.74.
FTAI Aviation (NYSE:FTAI - Get Free Report) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share (EPS) 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 business posted $0.33 earnings per share. The company's quarterly revenue was up 60.0% on a year-over-year basis. On average, equities research analysts expect that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.
FTAI Aviation Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Thursday, November 14th will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 0.74%. FTAI Aviation's dividend payout ratio is presently -1,199.88%.
FTAI Aviation Profile
(
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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