FTAI Aviation (NYSE:FTAI) Trading 3.3% Higher – Here’s What Happened

FTAI Aviation Ltd. (NYSE:FTAI)’s stock price was up 3.3% during mid-day trading on Wednesday . The company traded as high as $165.62 and last traded at $165.17. Approximately 596,392 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 1,475,588 shares. The stock had previously closed at $159.91.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Morgan Stanley restated an “underperform” rating on shares of FTAI Aviation in a research note on Friday, October 18th. Benchmark raised their price target on FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their price objective on shares of FTAI Aviation from $125.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada reissued an “outperform” rating and issued a $160.00 price objective on shares of FTAI Aviation in a research note on Friday, November 1st. Finally, Compass Point lifted their target price on FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $177.33.

FTAI Aviation Price Performance

The stock has a 50 day moving average price of $151.20 and a 200-day moving average price of $130.62. The stock has a market capitalization of $17.85 billion, a P/E ratio of -1,740.03 and a beta of 2.09.

FTAI Aviation (NYSE:FTAI) last announced its 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). FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. The firm had revenue of $465.80 million during the quarter, compared to the consensus estimate of $422.45 million. During the same period in the prior year, the company posted $0.33 EPS. The firm’s revenue was up 60.0% on a year-over-year basis. Research analysts predict that FTAI Aviation Ltd. will post 2.21 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.69%. The ex-dividend date was Thursday, November 14th. FTAI Aviation’s dividend payout ratio is currently -1,200.00%.

Hedge Funds Weigh In On FTAI Aviation

A number of institutional investors and hedge funds have recently modified their holdings of FTAI. Brown Brothers Harriman & Co. purchased a new stake in shares of FTAI Aviation during the third quarter valued at $26,000. Anchor Investment Management LLC purchased a new stake in FTAI Aviation during the 3rd quarter worth approximately $31,000. Farther Finance Advisors LLC increased its position in shares of FTAI Aviation by 118.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 189 shares during the period. Everence Capital Management Inc. purchased a new stake in FTAI Aviation in the fourth quarter valued at approximately $203,000. Finally, Raymond James Trust N.A. purchased a new stake in shares of FTAI Aviation in the 3rd quarter valued at $200,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Company Profile

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.