FTAI Aviation (NYSE:FTAI) Shares Gap Up - Should You Buy?

FTAI Aviation Ltd. (NYSE:FTAI - Get Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $116.08, but opened at $126.86. FTAI Aviation shares last traded at $121.62, with a volume of 2,025,980 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms have commented on FTAI. Deutsche Bank Aktiengesellschaft increased their price objective on shares of FTAI Aviation from $125.00 to $160.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Barclays increased their price target on FTAI Aviation from $135.00 to $180.00 and gave the company an "overweight" rating in a report on Wednesday, December 4th. Wolfe Research upgraded FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 price objective on the stock in a research report on Friday, January 10th. Morgan Stanley restated an "underperform" rating on shares of FTAI Aviation in a report on Friday, October 18th. Finally, BTIG Research lifted their price target on FTAI Aviation from $180.00 to $190.00 and gave the stock a "buy" rating in a report on Tuesday, December 31st. Two equities research analysts have rated the stock with a sell rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $177.33.

FTAI Aviation Stock Down 6.4 %

The company has a market cap of $11.52 billion, a price-to-earnings ratio of -1,123.69 and a beta of 2.09. The stock's 50-day simple moving average is $151.39 and its 200 day simple moving average is $132.23.

FTAI Aviation (NYSE:FTAI - Get Free Report) last released its quarterly 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). The company had revenue of $465.80 million during the quarter, compared to analysts' expectations of $422.45 million. FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. FTAI Aviation's revenue was up 60.0% on a year-over-year basis. During the same period last year, the firm posted $0.33 earnings per share. On average, sell-side analysts expect that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend was Thursday, November 14th. FTAI Aviation's dividend payout ratio (DPR) is -1,199.88%.

Institutional Investors Weigh In On FTAI Aviation

A number of institutional investors have recently modified their holdings of FTAI. Avior Wealth Management LLC boosted its holdings in FTAI Aviation by 20.5% during the 4th quarter. Avior Wealth Management LLC now owns 6,116 shares of the financial services provider's stock valued at $881,000 after acquiring an additional 1,042 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of FTAI Aviation by 7.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,405 shares of the financial services provider's stock worth $346,000 after purchasing an additional 161 shares in the last quarter. Diversify Advisory Services LLC boosted its stake in shares of FTAI Aviation by 20.9% in the fourth quarter. Diversify Advisory Services LLC now owns 4,055 shares of the financial services provider's stock valued at $584,000 after purchasing an additional 700 shares during the period. Sara Bay Financial acquired a new position in shares of FTAI Aviation in the fourth quarter valued at approximately $547,000. Finally, Merit Financial Group LLC grew its holdings in shares of FTAI Aviation by 2.5% in the fourth quarter. Merit Financial Group LLC now owns 4,256 shares of the financial services provider's stock valued at $613,000 after purchasing an additional 105 shares in the last quarter. 88.96% of the stock is 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.