American Assets Investment Management LLC Has $1.29 Million Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

American Assets Investment Management LLC reduced its position in FTAI Aviation Ltd. (NYSE:FTAI) by 16.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 8,927 shares of the financial services provider’s stock after selling 1,748 shares during the quarter. American Assets Investment Management LLC’s holdings in FTAI Aviation were worth $1,286,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of FTAI. William Blair Investment Management LLC bought a new position in shares of FTAI Aviation in the 4th quarter valued at approximately $174,372,000. Westfield Capital Management Co. LP raised its stake in shares of FTAI Aviation by 87.1% in the 3rd 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 acquiring an additional 773,017 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of FTAI Aviation by 102.8% in the 3rd quarter. Franklin Resources Inc. now owns 411,476 shares of the financial services provider’s stock valued at $54,685,000 after acquiring an additional 208,613 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of FTAI Aviation by 18.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,154,808 shares of the financial services provider’s stock valued at $153,474,000 after acquiring an additional 182,252 shares in the last quarter. Finally, Citigroup Inc. raised its stake in shares of FTAI Aviation by 4,184.5% in the 3rd quarter. Citigroup Inc. now owns 118,778 shares of the financial services provider’s stock valued at $15,786,000 after acquiring an additional 121,686 shares in the last quarter. 88.96% of the stock is owned by institutional investors and hedge funds.

FTAI Aviation Trading Up 2.6 %

Shares of NYSE:FTAI opened at $106.98 on Tuesday. FTAI Aviation Ltd. has a 1-year low of $58.41 and a 1-year high of $181.64. The firm has a market capitalization of $10.97 billion, a PE ratio of -1,069.69 and a beta of 2.06. The business’s 50 day moving average is $118.43 and its 200-day moving average is $133.68.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Friday, March 14th. FTAI Aviation’s payout ratio is presently -342.86%.

Wall Street Analyst Weigh In

FTAI has been the topic of a number of recent analyst reports. StockNews.com raised FTAI Aviation to a “sell” rating in a research note on Saturday. Wolfe Research raised FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 target price on the stock in a report on Friday, January 10th. Citigroup reaffirmed a “buy” rating on shares of FTAI Aviation in a report on Thursday, March 6th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $123.00 target price (up previously from $100.00) on shares of FTAI Aviation in a report on Monday, March 3rd. Finally, Barclays raised their target price on FTAI Aviation from $135.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $173.67.

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.