FTAI Aviation (NYSE:FTAI) Shares Gap Down - Time to Sell?

FTAI Aviation Ltd. (NYSE:FTAI - Get Free Report)'s share price gapped down prior to trading on Thursday . The stock had previously closed at $94.41, but opened at $91.94. FTAI Aviation shares last traded at $90.80, with a volume of 89,808 shares.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Wolfe Research raised shares of FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 price target for the company in a report on Friday, January 10th. BTIG Research upped their price target on FTAI Aviation from $180.00 to $190.00 and gave the company a "buy" rating in a report on Tuesday, December 31st. StockNews.com upgraded FTAI Aviation to a "sell" rating in a research report on Saturday, March 15th. Citigroup reaffirmed a "buy" rating on shares of FTAI Aviation in a research report on Thursday, March 6th. Finally, Morgan Stanley dropped their price objective on shares of FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $172.83.

FTAI Aviation Trading Down 6.1 %

The company has a market cap of $8.96 billion, a P/E ratio of -873.41 and a beta of 1.79. The company has a 50 day moving average price of $109.41 and a 200-day moving average price of $129.28.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 14th were given a dividend of $0.30 per share. The ex-dividend date was Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.37%. FTAI Aviation's dividend payout ratio is currently -342.86%.

Institutional Investors Weigh In On FTAI Aviation

Several hedge funds have recently added to or reduced their stakes in the business. Versant Capital Management Inc raised its holdings in FTAI Aviation by 420.9% during the 1st quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider's stock worth $25,000 after purchasing an additional 181 shares during the last quarter. Virtus Fund Advisers LLC acquired a new position in FTAI Aviation in the fourth quarter valued at $26,000. Transce3nd LLC bought a new stake in FTAI Aviation during the fourth quarter valued at $29,000. Kapitalo Investimentos Ltda acquired a new stake in FTAI Aviation during the 4th quarter worth about $30,000. Finally, Anchor Investment Management LLC acquired a new position in shares of FTAI Aviation in the 3rd quarter valued at about $31,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

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.