FTAI Aviation (NASDAQ:FTAI) Trading Up 7.3% Following Analyst Upgrade

FTAI Aviation Ltd. (NASDAQ:FTAI)’s stock price was up 7.3% on Monday after BTIG Research raised their price target on the stock from $335.00 to $340.00. BTIG Research currently has a buy rating on the stock. FTAI Aviation traded as high as $239.00 and last traded at $238.49. Approximately 499,079 shares traded hands during trading, a decline of 74% from the average daily volume of 1,883,726 shares. The stock had previously closed at $222.24.

FTAI has been the topic of a number of other research reports. Morgan Stanley boosted their price objective on shares of FTAI Aviation from $220.00 to $266.00 and gave the stock an “overweight” rating in a report on Tuesday, January 6th. Citizens Jmp increased their target price on shares of FTAI Aviation from $230.00 to $325.00 and gave the company a “market outperform” rating in a report on Thursday, January 29th. Wolfe Research reiterated an “outperform” rating and set a $225.00 price target on shares of FTAI Aviation in a research report on Wednesday, December 31st. Jefferies Financial Group reissued a “buy” rating and set a $350.00 price target on shares of FTAI Aviation in a research note on Monday, February 9th. Finally, Citigroup restated an “outperform” rating on shares of FTAI Aviation in a report on Thursday, January 29th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $292.78.

Hedge Funds Weigh In On FTAI Aviation

Hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC acquired a new position in FTAI Aviation during the first quarter worth about $242,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of FTAI Aviation in the second quarter valued at about $543,000. Allworth Financial LP grew its position in shares of FTAI Aviation by 737.1% in the second quarter. Allworth Financial LP now owns 1,398 shares of the financial services provider’s stock valued at $161,000 after purchasing an additional 1,231 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of FTAI Aviation by 41.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 9,656 shares of the financial services provider’s stock worth $1,111,000 after purchasing an additional 2,829 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of FTAI Aviation by 325.5% during the 2nd quarter. SG Americas Securities LLC now owns 8,711 shares of the financial services provider’s stock worth $1,002,000 after purchasing an additional 6,664 shares in the last quarter. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

FTAI Aviation Price Performance

The company has a debt-to-equity ratio of 10.32, a quick ratio of 2.30 and a current ratio of 5.28. The stock has a market capitalization of $24.22 billion, a price-to-earnings ratio of 51.10, a P/E/G ratio of 0.90 and a beta of 1.50. The company has a 50-day moving average of $272.71 and a 200-day moving average of $206.77.

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

FTAI Aviation Dividend Announcement

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

About FTAI Aviation

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.