FTAI Aviation (NYSE:FTAI) Stock Price Down 12.9% - What's Next?

FTAI Aviation Ltd. (NYSE:FTAI - Get Free Report)'s stock price fell 12.9% during trading on Friday . The stock traded as low as $92.01 and last traded at $90.87. 247,171 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 1,652,545 shares. The stock had previously closed at $104.34.

Analyst Ratings Changes

Several equities analysts have issued reports on FTAI shares. Royal Bank of Canada reiterated an "outperform" rating and issued a $160.00 target price on shares of FTAI Aviation in a research note on Wednesday, January 22nd. StockNews.com raised shares of FTAI Aviation to a "sell" rating in a research report on Saturday, March 15th. Compass Point increased 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. Wolfe Research upgraded 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 note on Friday, January 10th. Finally, BTIG Research upped their price target on FTAI Aviation from $180.00 to $190.00 and gave the stock a "buy" rating in a research report on Tuesday, December 31st. 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, FTAI Aviation currently has an average rating of "Moderate Buy" and an average target price of $173.67.

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FTAI Aviation Price Performance

The stock has a market cap of $11.17 billion, a PE ratio of -1,089.39 and a beta of 1.79. The company's fifty day moving average is $112.31 and its 200-day moving average is $131.67.

FTAI Aviation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, March 14th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.10%. FTAI Aviation's dividend payout ratio (DPR) is presently -342.86%.

Institutional Trading of FTAI Aviation

Several hedge funds and other institutional investors have recently bought and sold shares of FTAI. Virtus Fund Advisers LLC acquired a new position in FTAI Aviation in the fourth quarter valued at approximately $26,000. Transce3nd LLC purchased a new position in shares of FTAI Aviation during the 4th quarter valued at approximately $29,000. Kapitalo Investimentos Ltda acquired a new position in shares of FTAI Aviation in the 4th quarter valued at $30,000. Versant Capital Management Inc boosted its holdings in FTAI Aviation by 420.9% during the first quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider's stock worth $25,000 after buying an additional 181 shares in the last quarter. Finally, Anchor Investment Management LLC acquired a new stake in FTAI Aviation during the third quarter valued at $31,000. 88.96% of the stock is owned by institutional investors and hedge funds.

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.