Brokerages Set FTAI Aviation Ltd. (NYSE:FTAI) Target Price at $173.67

Shares of FTAI Aviation Ltd. (NYSE:FTAI - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the twelve research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $173.67.

Several brokerages have recently weighed in on FTAI. Royal Bank of Canada reaffirmed an "outperform" rating and set a $160.00 target price on shares of FTAI Aviation in a research note on Wednesday, January 22nd. Barclays upped their price objective on shares of FTAI Aviation from $135.00 to $180.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 4th. Compass Point lifted their target price on shares of FTAI Aviation from $175.00 to $181.00 and gave the company a "buy" rating in a research report on Tuesday, December 17th. StockNews.com upgraded shares of FTAI Aviation to a "sell" rating in a research report on Saturday, March 15th. Finally, Citigroup reiterated a "buy" rating on shares of FTAI Aviation in a report on Thursday, March 6th.

Institutional Trading of FTAI Aviation

Several hedge funds have recently made changes to their positions in the company. Sara Bay Financial purchased a new position in FTAI Aviation during the 4th quarter valued at about $547,000. Ibex Wealth Advisors purchased a new position in FTAI Aviation in the fourth quarter valued at $3,518,000. Luxor Capital Group LP acquired a new position in FTAI Aviation during the 3rd quarter worth $1,298,000. Rhumbline Advisers raised its position in FTAI Aviation by 2.2% in the 4th quarter. Rhumbline Advisers now owns 142,072 shares of the financial services provider's stock valued at $20,464,000 after purchasing an additional 3,121 shares in the last quarter. Finally, SeaCrest Wealth Management LLC boosted its stake in shares of FTAI Aviation by 77.1% in the 4th quarter. SeaCrest Wealth Management LLC now owns 6,555 shares of the financial services provider's stock valued at $944,000 after buying an additional 2,853 shares during the period. Hedge funds and other institutional investors own 88.96% of the company's stock.

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FTAI Aviation Stock Up 1.8 %

Shares of NYSE:FTAI traded up $2.03 during trading on Friday, reaching $116.94. 1,970,455 shares of the company's stock traded hands, compared to its average volume of 1,597,743. The firm has a market cap of $11.99 billion, a PE ratio of -1,169.28 and a beta of 2.06. FTAI Aviation has a fifty-two week low of $65.00 and a fifty-two week high of $181.64. The company has a 50-day simple moving average of $112.51 and a 200-day simple moving average of $133.17.

FTAI Aviation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, March 14th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.03%. FTAI Aviation's dividend payout ratio is presently -342.86%.

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.