By otakuyassine3@gmail.com 
FTAI Aviation Ltd. (NYSE:FTAI – Get Free Report) traded up 7.6% during mid-day trading on Wednesday . The company traded as high as $89.49 and last traded at $90.13. 4,249,280 shares were traded during trading, a decline of 24% from the average session volume of 5,593,800 shares. The stock had previously closed at $83.79.
Analyst Ratings Changes
FTAI has been the topic of several analyst reports. StockNews.com upgraded shares of FTAI Aviation to a “sell” rating in a report on Tuesday. Benchmark lifted their price objective on shares of FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. BTIG Research lifted their price objective on shares of FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. Compass Point lifted their price objective on shares of FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Finally, Stifel Nicolaus lowered their price objective on shares of FTAI Aviation from $167.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $171.75.
Get Our Latest Stock Report on FTAI Aviation
FTAI Aviation Trading Up 9.8 %
The firm has a market capitalization of $9.43 billion, a P/E ratio of -919.81 and a beta of 2.09. The company’s fifty day simple moving average is $147.90 and its 200 day simple moving average is $132.52.
FTAI Aviation (NYSE:FTAI – Get Free Report) last issued its quarterly earnings results 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). The business had revenue of $465.80 million during the quarter, compared to the consensus estimate of $422.45 million. FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. The firm’s revenue was up 60.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.33 earnings per share. On average, analysts predict that FTAI Aviation Ltd. will post 2.21 earnings per share for the current fiscal 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 given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend was Thursday, November 14th. FTAI Aviation’s dividend payout ratio (DPR) is -1,199.88%.
Institutional Trading of FTAI Aviation
A number of large investors have recently made changes to their positions in the stock. Westfield Capital Management Co. LP grew its position in FTAI Aviation by 87.1% during the third quarter. Westfield Capital Management Co. LP now owns 1,660,031 shares of the financial services provider’s stock valued at $220,618,000 after buying an additional 773,017 shares during the period. International Assets Investment Management LLC lifted its holdings in FTAI Aviation by 14,553.9% during the third quarter. International Assets Investment Management LLC now owns 564,028 shares of the financial services provider’s stock valued at $74,959,000 after purchasing an additional 560,179 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in FTAI Aviation by 229.9% during the third quarter. Victory Capital Management Inc. now owns 380,207 shares of the financial services provider’s stock valued at $50,530,000 after purchasing an additional 264,971 shares in the last quarter. Vantage Investment Partners LLC purchased a new position in FTAI Aviation during the third quarter valued at approximately $32,769,000. Finally, Franklin Resources Inc. lifted its holdings in FTAI Aviation by 102.8% during the third quarter. Franklin Resources Inc. now owns 411,476 shares of the financial services provider’s stock valued at $54,685,000 after purchasing an additional 208,613 shares in the last quarter. 88.96% of the stock is currently owned by institutional investors.
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.
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