StockNews.com Lowers FTAI Aviation (NYSE:FTAI) to Sell

StockNews.com cut shares of FTAI Aviation (NYSE:FTAI) from a hold rating to a sell rating in a report released on Friday.

Several other equities analysts also recently issued reports on the company. Barclays boosted their price objective on FTAI Aviation from $62.00 to $80.00 and gave the stock an overweight rating in a research report on Thursday, April 4th. Morgan Stanley boosted their price objective on FTAI Aviation from $58.00 to $70.00 and gave the stock an overweight rating in a research report on Tuesday, February 27th. Stifel Nicolaus restated a hold rating and issued a $59.00 target price (up from $40.00) on shares of FTAI Aviation in a research report on Monday, February 26th. Finally, Benchmark upped their target price on FTAI Aviation from $45.00 to $100.00 and gave the stock a buy rating in a research report on Friday, March 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, FTAI Aviation presently has an average rating of Moderate Buy and an average target price of $54.25.

FTAI Aviation Trading Down 0.1 %

NYSE:FTAI opened at $71.02 on Friday. The firm has a market capitalization of $7.12 billion, a PE ratio of 33.82 and a beta of 1.90. The stock has a 50 day moving average of $60.82 and a 200-day moving average of $49.13. FTAI Aviation has a 52 week low of $26.58 and a 52 week high of $73.54.

FTAI Aviation (NYSE:FTAI) last posted its earnings results on Thursday, February 22nd. The financial services provider reported $1.09 EPS for the quarter, beating the consensus estimate of $0.37 by $0.72. The company had revenue of $312.74 million during the quarter, compared to analyst estimates of $310.04 million. FTAI Aviation had a return on equity of 223.80% and a net margin of 20.82%. The business’s revenue was up 14.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.20 earnings per share. As a group, analysts predict that FTAI Aviation will post 2.43 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Friday, March 8th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.69%. FTAI Aviation’s dividend payout ratio (DPR) is presently 57.14%.

Institutional Trading of FTAI Aviation

Large investors have recently added to or reduced their stakes in the company. Citigroup Inc. increased its stake in shares of FTAI Aviation by 221.0% in the first quarter. Citigroup Inc. now owns 28,196 shares of the financial services provider’s stock worth $726,000 after acquiring an additional 19,413 shares during the last quarter. BlackRock Inc. acquired a new position in shares of FTAI Aviation in the first quarter worth $96,000. Spring Creek Capital LLC increased its stake in shares of FTAI Aviation by 2.7% in the first quarter. Spring Creek Capital LLC now owns 446,322 shares of the financial services provider’s stock worth $11,493,000 after acquiring an additional 11,856 shares during the last quarter. Cruiser Capital Advisors LLC increased its stake in shares of FTAI Aviation by 8.0% in the first quarter. Cruiser Capital Advisors LLC now owns 251,016 shares of the financial services provider’s stock worth $6,464,000 after acquiring an additional 18,628 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its stake in shares of FTAI Aviation by 1.1% in the first quarter. Gamco Investors INC. ET AL now owns 64,340 shares of the financial services provider’s stock worth $1,657,000 after acquiring an additional 722 shares during the last quarter. 88.96% of the stock is owned by institutional investors and hedge funds.

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.