FTAI Aviation (NASDAQ:FTAI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of FTAI Aviation (NASDAQ:FTAI) from a hold rating to a buy rating in a research report sent to investors on Saturday morning.

A number of other analysts also recently commented on FTAI. Barclays decreased their price objective on shares of FTAI Aviation from $180.00 to $150.00 and set an “overweight” rating on the stock in a report on Thursday, May 1st. JMP Securities decreased their price objective on shares of FTAI Aviation from $190.00 to $180.00 and set a “market outperform” rating on the stock in a report on Thursday, May 8th. Citigroup reissued a “buy” rating on shares of FTAI Aviation in a report on Thursday, July 10th. Citizens Jmp upgraded shares of FTAI Aviation to a “strong-buy” rating in a research report on Thursday, May 8th. Finally, Royal Bank Of Canada lifted their target price on shares of FTAI Aviation from $130.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Thirteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $174.33.

FTAI Aviation Trading Up 3.0%

FTAI stock opened at $141.47 on Friday. The company has a market cap of $14.51 billion, a P/E ratio of 35.02 and a beta of 1.61. FTAI Aviation has a 52 week low of $75.06 and a 52 week high of $181.64. The company’s 50-day moving average price is $120.54 and its 200 day moving average price is $112.60.

FTAI Aviation (NASDAQ:FTAI) last released its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.24. The firm had revenue of $676.24 million for the quarter, compared to the consensus estimate of $754.75 million. FTAI Aviation had a net margin of 21.31% and a return on equity of 601.23%. The firm’s revenue was up 52.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($2.26) earnings per share. On average, equities research analysts expect that FTAI Aviation will post 2.2 earnings per share for the current year.

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 19th. Stockholders of record on Tuesday, August 12th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, August 12th. FTAI Aviation’s payout ratio is currently 29.70%.

Hedge Funds Weigh In On FTAI Aviation

A number of institutional investors have recently modified their holdings of FTAI. Capital International Investors raised its position in shares of FTAI Aviation by 39.7% in the fourth quarter. Capital International Investors now owns 10,677,171 shares of the financial services provider’s stock valued at $1,537,940,000 after buying an additional 3,034,838 shares during the last quarter. Wellington Management Group LLP grew its holdings in FTAI Aviation by 159.6% in the first quarter. Wellington Management Group LLP now owns 2,347,633 shares of the financial services provider’s stock valued at $260,658,000 after purchasing an additional 1,443,440 shares during the period. Empyrean Capital Partners LP purchased a new stake in FTAI Aviation in the first quarter valued at approximately $61,546,000. Shellback Capital LP purchased a new stake in FTAI Aviation in the fourth quarter valued at approximately $76,510,000. Finally, Sessa Capital IM L.P. purchased a new stake in FTAI Aviation in the first quarter valued at approximately $44,412,000. Institutional investors and hedge funds own 88.96% of the company’s stock.

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.