FTAI Aviation (NASDAQ:FTAIM) Trading 0.4% Higher – Here’s What Happened

FTAI Aviation Ltd. (NASDAQ:FTAIM)’s stock price traded up 0.4% on Thursday . The company traded as high as $27.08 and last traded at $27.00. 1,982 shares changed hands during trading, a decline of 54% from the average session volume of 4,324 shares. The stock had previously closed at $26.89.

FTAI Aviation Stock Performance

The business has a 50 day moving average price of $26.93 and a two-hundred day moving average price of $26.97.

FTAI Aviation Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a dividend of $0.5938 per share. This represents a $2.38 dividend on an annualized basis and a dividend yield of 8.8%. This is a boost from FTAI Aviation’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Monday, June 1st.

Institutional Investors Weigh In On FTAI Aviation

An institutional investor recently raised its position in FTAI Aviation stock. Shikiar Asset Management Inc. raised its holdings in FTAI Aviation Ltd. (NASDAQ:FTAIM) by 1.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 160,930 shares of the company’s stock after buying an additional 2,900 shares during the quarter. FTAI Aviation comprises 1.3% of Shikiar Asset Management Inc.’s investment portfolio, making the stock its 25th largest position. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $4,352,000 as of its most recent SEC filing.

FTAI Aviation Company Profile

FTAI Aviation Ltd., trading on the NASDAQ under the symbol FTAIM, is a publicly listed holding company that offers investors exposure to the commercial aviation sector through its wholly owned operating subsidiary, Azorra Aviation. The company’s core business is centered on acquiring, leasing and trading narrowbody aircraft, with a fleet predominantly comprised of Airbus A320- and Boeing 737-family jets. Through long-term lease agreements, sale-and-leaseback transactions and selective asset disposals, FTAI Aviation seeks to generate predictable rental streams and capture residual value appreciation over the life cycle of each aircraft.

FTAI Aviation emerged in mid-2021 following the completion of a business combination with Azorra Aviation and the subsequent rebranding of its former sponsor, FTAI Infrastructure.