FTAI Aviation (NYSE:FTAI) Stock Price Down 5.4% – Here’s Why

FTAI Aviation Ltd. (NYSE:FTAI) shares traded down 5.4% on Tuesday . The stock traded as low as $154.70 and last traded at $155.66. 832,030 shares traded hands during mid-day trading, a decline of 55% from the average session volume of 1,828,734 shares. The stock had previously closed at $164.57.

Analyst Ratings Changes

Several brokerages have commented on FTAI. Stifel Nicolaus raised their target price on FTAI Aviation from $156.00 to $167.00 and gave the stock a “buy” rating in a research note on Tuesday, December 31st. Wolfe Research upgraded FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 target price for the company in a research note on Friday. Barclays raised their target price on FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Benchmark raised their target price on FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Morgan Stanley restated an “underperform” rating on shares of FTAI Aviation in a research note on Friday, October 18th. Two research analysts have rated the stock with a sell rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $177.33.

FTAI Aviation Stock Performance

The stock has a 50-day moving average of $152.37 and a two-hundred day moving average of $132.08. The company has a market cap of $15.85 billion, a P/E ratio of -1,545.75 and a beta of 2.09.

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

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 0.78%. FTAI Aviation’s dividend payout ratio (DPR) is currently -1,200.00%.

Hedge Funds Weigh In On FTAI Aviation

A number of large investors have recently bought and sold shares of the stock. Brown Brothers Harriman & Co. purchased a new position in shares of FTAI Aviation during the third quarter valued at approximately $26,000. Anchor Investment Management LLC bought a new stake in shares of FTAI Aviation during the third quarter valued at approximately $31,000. Farther Finance Advisors LLC boosted its position in shares of FTAI Aviation by 118.1% during the third quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 189 shares in the last quarter. Raymond James Trust N.A. bought a new stake in shares of FTAI Aviation during the third quarter valued at approximately $200,000. Finally, Everence Capital Management Inc. bought a new stake in shares of FTAI Aviation during the fourth quarter valued at approximately $203,000. 88.96% of the stock is owned by hedge funds and other institutional investors.

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.