FTAI Aviation Ltd. (NYSE:FTAI) Receives $162.09 Average PT from Brokerages

Shares of FTAI Aviation Ltd. (NYSE:FTAI) have received an average recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $162.09.

A number of equities research analysts have recently weighed in on FTAI shares. Jefferies Financial Group lifted their price objective on FTAI Aviation from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Compass Point boosted their price objective on shares of FTAI Aviation from $118.00 to $156.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Morgan Stanley reaffirmed an “underperform” rating on shares of FTAI Aviation in a research report on Friday, October 18th. Royal Bank of Canada reiterated an “outperform” rating and set a $160.00 price target on shares of FTAI Aviation in a research report on Friday, November 1st. Finally, Citigroup raised their price objective on shares of FTAI Aviation from $134.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, October 28th.

FTAI Aviation Stock Down 0.7 %

Shares of FTAI opened at $173.71 on Friday. The stock has a market capitalization of $17.81 billion, a P/E ratio of -1,736.93 and a beta of 2.04. FTAI Aviation has a twelve month low of $40.29 and a twelve month high of $177.18. The firm has a fifty day simple moving average of $144.37 and a two-hundred day simple moving average of $115.61.

FTAI Aviation (NYSE:FTAI) last posted 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). 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 for the quarter, compared to analysts’ expectations of $422.45 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. The business’s revenue for the quarter was up 60.0% on a year-over-year basis. Sell-side analysts expect that FTAI Aviation will post 2.21 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Thursday, November 14th. FTAI Aviation’s dividend payout ratio (DPR) is presently -1,199.88%.

Institutional Investors Weigh In On FTAI Aviation

Hedge funds have recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. purchased a new position in shares of FTAI Aviation in the 3rd quarter worth about $26,000. Anchor Investment Management LLC purchased a new position in FTAI Aviation in the third quarter worth about $31,000. Arcadia Investment Management Corp MI bought a new position in shares of FTAI Aviation in the second quarter worth approximately $33,000. Farther Finance Advisors LLC increased 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 acquiring an additional 189 shares in the last quarter. Finally, Ridgewood Investments LLC bought a new stake in shares of FTAI Aviation during the second quarter valued at approximately $59,000. 88.96% of the stock is owned by 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.