Uniplan Investment Counsel Inc. Makes New $981,000 Investment in Air Lease Co. (NYSE:AL)

Uniplan Investment Counsel Inc. bought a new stake in Air Lease Co. (NYSE:AL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 20,351 shares of the transportation company's stock, valued at approximately $981,000.

A number of other institutional investors also recently modified their holdings of the business. Aster Capital Management DIFC Ltd bought a new stake in shares of Air Lease during the 4th quarter valued at $28,000. Wilmington Savings Fund Society FSB acquired a new position in Air Lease in the third quarter valued at about $31,000. SBI Securities Co. Ltd. bought a new stake in Air Lease during the fourth quarter worth about $31,000. Brown Brothers Harriman & Co. grew its stake in Air Lease by 5,245.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,069 shares of the transportation company's stock worth $52,000 after buying an additional 1,049 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its holdings in Air Lease by 1,506.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,189 shares of the transportation company's stock valued at $57,000 after buying an additional 1,115 shares during the period. Institutional investors own 94.59% of the company's stock.

Air Lease Stock Performance

NYSE AL opened at $43.00 on Wednesday. The firm's fifty day moving average price is $45.85 and its two-hundred day moving average price is $46.71. The stock has a market cap of $4.81 billion, a PE ratio of 12.91, a PEG ratio of 1.33 and a beta of 1.34. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.37 and a current ratio of 0.37. Air Lease Co. has a fifty-two week low of $38.25 and a fifty-two week high of $52.31.

Air Lease (NYSE:AL - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The transportation company reported $1.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.44. Air Lease had a return on equity of 8.01% and a net margin of 15.65%. On average, equities analysts expect that Air Lease Co. will post 5.16 EPS for the current fiscal year.

Air Lease Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 7th. Investors of record on Tuesday, March 18th were issued a $0.22 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.88 dividend on an annualized basis and a yield of 2.05%. Air Lease's dividend payout ratio (DPR) is presently 26.43%.

Wall Street Analyst Weigh In

AL has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on shares of Air Lease from $56.00 to $57.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Bank of America lowered Air Lease from a "buy" rating to an "underperform" rating and decreased their price target for the company from $72.00 to $50.00 in a research note on Friday, March 7th. Finally, UBS Group set a $50.00 price objective on Air Lease in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Air Lease has an average rating of "Moderate Buy" and a consensus target price of $55.67.

Air Lease Company Profile

Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet aircraft to airlines worldwide. It sells aircraft from its fleet to third parties, including other leasing companies, financial services companies, airlines, and other investors. The company provides fleet management services to investors and owners of aircraft portfolios.

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