FTAI Aviation (NYSE:FTAI) Stock Price Up 3.3% - Here's What Happened

Shares of FTAI Aviation Ltd. (NYSE:FTAI - Get Free Report) traded up 3.3% during trading on Wednesday . The stock traded as high as $165.62 and last traded at $165.17. 596,392 shares were traded during mid-day trading, a decline of 60% from the average session volume of 1,475,588 shares. The stock had previously closed at $159.91.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on FTAI shares. Citigroup boosted their price target on shares of FTAI Aviation from $134.00 to $165.00 and gave the stock a "buy" rating in a report on Monday, October 28th. Morgan Stanley reissued an "underperform" rating on shares of FTAI Aviation in a report on Friday, October 18th. Benchmark raised 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. Compass Point increased their price objective on FTAI Aviation from $175.00 to $181.00 and gave the company a "buy" rating in a report on Tuesday, December 17th. Finally, Barclays boosted their target price on FTAI Aviation from $135.00 to $180.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $176.18.

FTAI Aviation Trading Up 5.5 %

The firm has a market cap of $17.31 billion, a P/E ratio of -1,687.63 and a beta of 2.09. The stock's fifty day moving average is $150.51 and its two-hundred day moving average is $130.36.

FTAI Aviation (NYSE:FTAI - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.01). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The business had revenue of $465.80 million for the quarter, compared to the consensus estimate of $422.45 million. During the same period in the prior year, the business posted $0.33 EPS. FTAI Aviation's quarterly revenue was up 60.0% on a year-over-year basis. On average, analysts forecast that FTAI Aviation Ltd. will post 2.21 EPS for the current year.

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.71%. FTAI Aviation's dividend payout ratio is -1,200.00%.

Institutional Investors Weigh In On FTAI Aviation

Institutional investors have recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. purchased a new position in FTAI Aviation during the third quarter valued at $26,000. Anchor Investment Management LLC bought a new stake in FTAI Aviation during the third quarter valued at approximately $31,000. Farther Finance Advisors LLC raised its holdings in FTAI Aviation by 118.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider's stock worth $46,000 after purchasing an additional 189 shares during the period. Raymond James Trust N.A. purchased a new position in shares of FTAI Aviation during the 3rd quarter valued at about $200,000. Finally, Everence Capital Management Inc. bought a new position in shares of FTAI Aviation in the fourth quarter worth approximately $203,000. Hedge funds and other institutional investors own 88.96% of the company's stock.

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.