FTAI Aviation (NYSE:FTAI) Trading Down 2%

Shares of FTAI Aviation Ltd. (NYSE:FTAI) were down 2% during trading on Tuesday . The company traded as low as $34.82 and last traded at $34.89. Approximately 27,492 shares were traded during trading, a decline of 97% from the average daily volume of 1,095,302 shares. The stock had previously closed at $35.59.

Analysts Set New Price Targets

FTAI has been the subject of a number of recent research reports. JMP Securities lifted their price objective on shares of FTAI Aviation from $36.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. StockNews.com assumed coverage on FTAI Aviation in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Wolfe Research upgraded FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $38.00 target price for the company in a research note on Friday, June 30th. Raymond James increased their price target on shares of FTAI Aviation from $31.00 to $37.50 and gave the stock an “outperform” rating in a report on Friday, July 28th. Finally, Barclays increased their price target on shares of FTAI Aviation from $32.00 to $38.00 in a report on Tuesday, July 18th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, FTAI Aviation has an average rating of “Moderate Buy” and an average target price of $37.44.

FTAI Aviation Price Performance

The business’s 50 day moving average is $33.05 and its two-hundred day moving average is $29.09. The firm has a market capitalization of $3.70 billion, a PE ratio of 57.05 and a beta of 1.88.

FTAI Aviation (NYSE:FTAI) last announced its earnings results on Wednesday, July 26th. The financial services provider reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.18. The business had revenue of $274.35 million for the quarter, compared to the consensus estimate of $286.83 million. FTAI Aviation had a net margin of 8.85% and a return on equity of 25.36%. FTAI Aviation’s quarterly revenue was up 144.8% on a year-over-year basis. During the same period last year, the firm posted $0.22 earnings per share. Analysts expect that FTAI Aviation Ltd. will post 1.47 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 29th. Shareholders of record on Monday, August 14th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.24%. The ex-dividend date was Friday, August 11th. FTAI Aviation’s dividend payout ratio (DPR) is presently 184.62%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Asset Dedication LLC purchased a new position in shares of FTAI Aviation during the first quarter worth approximately $42,000. Exchange Traded Concepts LLC purchased a new position in shares of FTAI Aviation during the second quarter worth approximately $73,000. Carmel Capital Partners LLC purchased a new position in shares of FTAI Aviation during the first quarter worth approximately $77,000. PNC Financial Services Group Inc. purchased a new position in shares of FTAI Aviation in the second quarter worth $83,000. Finally, BlackRock Inc. purchased a new position in shares of FTAI Aviation in the first quarter worth $96,000. 90.95% of the stock is owned by hedge funds and other institutional investors.

About FTAI Aviation

FTAI Aviation Ltd. owns and acquires infrastructure and related 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.