FTAI Aviation (NASDAQ:FTAI) Shares Down 7.9% – Time to Sell?

FTAI Aviation Ltd. (NASDAQ:FTAI) shares dropped 7.9% on Thursday . The company traded as low as $237.84 and last traded at $239.25. Approximately 539,566 shares changed hands during trading, a decline of 71% from the average daily volume of 1,887,742 shares. The stock had previously closed at $259.91.

Analysts Set New Price Targets

FTAI has been the subject of a number of research reports. Morgan Stanley lifted their price target on FTAI Aviation from $220.00 to $266.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 6th. Wolfe Research reaffirmed an “outperform” rating and set a $225.00 target price on shares of FTAI Aviation in a report on Wednesday, December 31st. Jefferies Financial Group reiterated a “buy” rating and issued a $350.00 target price on shares of FTAI Aviation in a research report on Monday, February 9th. Citigroup reiterated an “outperform” rating on shares of FTAI Aviation in a report on Thursday, January 29th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of FTAI Aviation in a research note on Monday, December 29th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, FTAI Aviation has an average rating of “Moderate Buy” and an average price target of $292.22.

FTAI Aviation Trading Down 8.1%

The company has a current ratio of 5.28, a quick ratio of 2.30 and a debt-to-equity ratio of 10.32. The firm has a market cap of $24.51 billion, a PE ratio of 51.73, a price-to-earnings-growth ratio of 1.10 and a beta of 1.50. The company has a 50-day simple moving average of $271.46 and a 200 day simple moving average of $204.68.

FTAI Aviation (NASDAQ:FTAI) last announced its quarterly earnings results on Wednesday, February 25th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). The firm had revenue of $662.03 million for the quarter, compared to analysts’ expectations of $710.37 million. FTAI Aviation had a return on equity of 257.07% and a net margin of 19.98%.The business’s quarterly revenue was up 32.7% on a year-over-year basis. During the same period last year, the company posted $0.84 earnings per share. As a group, sell-side analysts forecast that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, March 23rd. Investors of record on Friday, March 13th will be paid a $0.40 dividend. The ex-dividend date is Friday, March 13th. FTAI Aviation’s payout ratio is currently 30.30%.

Institutional Trading of FTAI Aviation

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Garton & Associates Financial Advisors LLC acquired a new stake in FTAI Aviation in the 4th quarter valued at $30,000. Mather Group LLC. acquired a new stake in shares of FTAI Aviation in the third quarter worth approximately $28,000. Greenline Wealth Management LLC purchased a new stake in shares of FTAI Aviation during the fourth quarter worth approximately $50,000. First Horizon Corp raised its stake in FTAI Aviation by 131.9% in the 4th quarter. First Horizon Corp now owns 320 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 182 shares during the last quarter. Finally, Global Retirement Partners LLC raised its stake in FTAI Aviation by 880.0% in the 3rd quarter. Global Retirement Partners LLC now owns 343 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 308 shares during the last quarter. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

About FTAI Aviation

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.