FTAI Aviation Ltd. (NYSE:FTAI - Get Free Report) was down 5.4% on Tuesday . The company traded as low as $154.70 and last traded at $155.66. Approximately 832,030 shares traded hands during trading, a decline of 55% from the average daily volume of 1,828,734 shares. The stock had previously closed at $164.57.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the stock. Jefferies Financial Group boosted their price objective on shares of FTAI Aviation from $140.00 to $155.00 and gave the stock a "buy" rating in a report on Monday, September 30th. Benchmark boosted their price target 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. Morgan Stanley reaffirmed an "underperform" rating on shares of FTAI Aviation in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft boosted their target price on FTAI Aviation from $125.00 to $160.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Finally, Stifel Nicolaus raised their price target on FTAI Aviation from $156.00 to $167.00 and gave the stock a "buy" rating in a research report on Tuesday, December 31st. Two investment analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $177.33.
View Our Latest Report on FTAI Aviation
FTAI Aviation Stock Performance
The firm has a market capitalization of $15.72 billion, a PE ratio of -1,532.75 and a beta of 2.09. The company has a fifty day simple moving average of $152.37 and a two-hundred day simple moving average of $132.08.
FTAI Aviation (NYSE:FTAI - Get Free Report) last announced 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). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The company had revenue of $465.80 million during the quarter, compared to analysts' expectations of $422.45 million. During the same quarter in the prior year, the business posted $0.33 earnings per share. The company's revenue was up 60.0% compared to the same quarter last year. On average, equities analysts anticipate that FTAI Aviation Ltd. will post 2.21 earnings per share for the current fiscal year.
FTAI Aviation Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 0.78%. FTAI Aviation's dividend payout ratio is currently -1,200.00%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. USA Financial Formulas purchased a new position in FTAI Aviation during the fourth quarter worth approximately $93,000. Park Avenue Securities LLC raised its stake in shares of FTAI Aviation by 8.5% during the 4th quarter. Park Avenue Securities LLC now owns 2,187 shares of the financial services provider's stock worth $315,000 after buying an additional 172 shares during the period. SeaCrest Wealth Management LLC lifted its position in shares of FTAI Aviation by 77.1% during 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 in the last quarter. Harbour Capital Advisors LLC grew its stake in FTAI Aviation by 13.2% in the 4th quarter. Harbour Capital Advisors LLC now owns 7,690 shares of the financial services provider's stock valued at $1,164,000 after acquiring an additional 895 shares during the period. Finally, Harbor Capital Advisors Inc. increased its holdings in FTAI Aviation by 148.0% in the 4th quarter. Harbor Capital Advisors Inc. now owns 116,059 shares of the financial services provider's stock worth $16,717,000 after acquiring an additional 69,260 shares in the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.
About FTAI Aviation
(
Get 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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