FTAI Aviation (NYSE:FTAI) Upgraded at StockNews.com

StockNews.com upgraded shares of FTAI Aviation (NYSE:FTAI) to a sell rating in a research report released on Tuesday morning.

Several other equities analysts have also recently commented on the stock. Jefferies Financial Group boosted their price objective on shares of FTAI Aviation from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, September 30th. BTIG Research increased their price objective on FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. Royal Bank of Canada restated an “outperform” rating and set a $160.00 target price on shares of FTAI Aviation in a research report on Friday, November 1st. Citigroup upped their price objective on shares of FTAI Aviation from $134.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Finally, Compass Point raised their price target on FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, FTAI Aviation has a consensus rating of “Moderate Buy” and an average price target of $171.75.

FTAI Aviation Stock Performance

NYSE FTAI opened at $101.50 on Tuesday. The company has a market capitalization of $10.41 billion, a PE ratio of -1,014.90 and a beta of 2.09. FTAI Aviation has a 52-week low of $50.44 and a 52-week high of $181.64. The company has a 50-day simple moving average of $145.37 and a 200 day simple moving average of $132.02.

FTAI Aviation (NYSE:FTAI) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.01). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The firm had revenue of $465.80 million during the quarter, compared to analysts’ expectations of $422.45 million. During the same quarter in the previous year, the company posted $0.33 EPS. FTAI Aviation’s revenue for the quarter was up 60.0% on a year-over-year basis. As a group, analysts forecast that FTAI Aviation will post 2.21 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Thursday, November 14th. FTAI Aviation’s payout ratio is -1,199.88%.

Institutional Trading of FTAI Aviation

A number of hedge funds have recently bought and sold shares of the company. Westfield Capital Management Co. LP grew its stake in shares of 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 last quarter. International Assets Investment Management LLC boosted its holdings in shares of FTAI Aviation by 14,553.9% in the 3rd quarter. International Assets Investment Management LLC now owns 564,028 shares of the financial services provider’s stock valued at $74,959,000 after buying an additional 560,179 shares in the last quarter. Victory Capital Management Inc. boosted its stake in FTAI Aviation by 229.9% in 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 acquiring an additional 264,971 shares in the last quarter. Vantage Investment Partners LLC acquired a new stake in shares of FTAI Aviation in the 3rd quarter worth $32,769,000. Finally, Franklin Resources Inc. grew its position in FTAI Aviation by 102.8% during the 3rd quarter. Franklin Resources Inc. now owns 411,476 shares of the financial services provider’s stock worth $54,685,000 after purchasing an additional 208,613 shares during the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

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.