SLT Holdings LLC Makes New $349,000 Investment in FTAI Aviation Ltd. (NYSE:FTAI)

SLT Holdings LLC purchased a new position in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,420 shares of the financial services provider's stock, valued at approximately $349,000.

Several other hedge funds have also recently added to or reduced their stakes in FTAI. Amundi bought a new stake in shares of FTAI Aviation in the 4th quarter valued at $238,000. Ashton Thomas Private Wealth LLC acquired a new stake in FTAI Aviation in the 4th quarter valued at $210,000. Promus Capital LLC acquired a new stake in FTAI Aviation in the 4th quarter valued at $230,000. Arizona State Retirement System grew its position in FTAI Aviation by 2.7% in the 4th quarter. Arizona State Retirement System now owns 29,656 shares of the financial services provider's stock valued at $4,272,000 after purchasing an additional 791 shares during the period. Finally, Proficio Capital Partners LLC acquired a new stake in FTAI Aviation in the 4th quarter valued at $2,303,000. Institutional investors own 88.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on FTAI shares. Barclays lifted their price target on shares of FTAI Aviation from $135.00 to $180.00 and gave the company an "overweight" rating in a research report on Wednesday, December 4th. Compass Point lifted their price target 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. StockNews.com raised shares of FTAI Aviation to a "sell" rating in a report on Friday, February 28th. Wolfe Research raised shares of FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 price objective on the stock in a report on Friday, January 10th. Finally, BTIG Research boosted their price target on shares of FTAI Aviation from $180.00 to $190.00 and gave the stock a "buy" rating in a report on Tuesday, December 31st. Two analysts have rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, FTAI Aviation currently has an average rating of "Moderate Buy" and an average price target of $173.67.

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FTAI Aviation Stock Performance

Shares of FTAI Aviation stock opened at $104.22 on Friday. FTAI Aviation Ltd. has a 52-week low of $54.84 and a 52-week high of $181.64. The stock's 50-day simple moving average is $123.42 and its 200 day simple moving average is $134.35. The stock has a market capitalization of $10.69 billion, a P/E ratio of -1,042.10 and a beta of 2.06.

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 14th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Friday, March 14th. FTAI Aviation's dividend payout ratio is presently -342.86%.

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.

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