FTAI Aviation Ltd. (NASDAQ:FTAI) Sees Significant Growth in Short Interest

FTAI Aviation Ltd. (NASDAQ:FTAI) was the recipient of a large growth in short interest in February. As of February 27th, there was short interest totaling 3,786,270 shares, a growth of 23.1% from the February 12th total of 3,075,318 shares. Currently, 3.8% of the company’s shares are sold short. Based on an average daily trading volume, of 2,141,551 shares, the short-interest ratio is presently 1.8 days. Based on an average daily trading volume, of 2,141,551 shares, the short-interest ratio is presently 1.8 days. Currently, 3.8% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FTAI. Morgan Stanley lifted their price objective on shares of FTAI Aviation from $220.00 to $266.00 and gave the company an “overweight” rating in a research note on Tuesday, January 6th. BTIG Research increased their target price on shares of FTAI Aviation from $335.00 to $340.00 and gave the stock a “buy” rating in a research note on Friday. Wolfe Research restated an “outperform” rating and issued a $225.00 price target on shares of FTAI Aviation in a report on Wednesday, December 31st. Citizens Jmp lifted their price target on shares of FTAI Aviation from $230.00 to $325.00 and gave the company a “market outperform” rating in a research note on Thursday, January 29th. Finally, Citigroup reiterated an “outperform” rating on shares of FTAI Aviation in a report on Thursday, January 29th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $292.78.

FTAI Aviation Price Performance

Shares of NASDAQ:FTAI opened at $222.24 on Monday. The company has a quick ratio of 2.30, a current ratio of 5.28 and a debt-to-equity ratio of 10.32. FTAI Aviation has a twelve month low of $81.45 and a twelve month high of $323.51. The stock’s 50 day moving average is $272.50 and its 200-day moving average is $206.20. The firm has a market capitalization of $22.80 billion, a price-to-earnings ratio of 48.10, a PEG ratio of 0.90 and a beta of 1.50.

FTAI Aviation (NASDAQ:FTAI) last posted its quarterly earnings results on Wednesday, February 25th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.14). The business had revenue of $662.03 million during the quarter, compared to analyst estimates of $710.37 million. FTAI Aviation had a net margin of 19.98% and a return on equity of 257.07%. The business’s revenue for the quarter was up 32.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.84 EPS. Sell-side analysts forecast that FTAI Aviation will post 2.2 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Friday, March 13th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, March 13th. FTAI Aviation’s dividend payout ratio (DPR) is 34.63%.

Institutional Investors Weigh In On FTAI Aviation

Several hedge funds and other institutional investors have recently made changes to their positions in FTAI. Mather Group LLC. bought a new position in FTAI Aviation in the 3rd quarter valued at about $28,000. Garton & Associates Financial Advisors LLC bought a new stake in FTAI Aviation during the 4th quarter worth approximately $30,000. Greenline Wealth Management LLC bought a new stake in FTAI Aviation during the 4th quarter worth approximately $50,000. Global Retirement Partners LLC raised its stake in shares of FTAI Aviation by 880.0% in the third quarter. Global Retirement Partners LLC now owns 343 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 308 shares during the last quarter. Finally, First Horizon Corp raised its stake in shares of FTAI Aviation by 131.9% in the fourth quarter. First Horizon Corp now owns 320 shares of the financial services provider’s stock worth $63,000 after purchasing an additional 182 shares during the last quarter. 88.96% of the stock is owned by institutional investors.

FTAI Aviation Company Profile

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.