Air Lease Corporation (NYSE:AL) Given Average Rating of "Hold" by Brokerages

Key Points

• Air Lease Corporation (NYSE: AL) has received an average rating of "Hold" from analysts, with one sell and five buy recommendations among nine brokerages.
• The company recently reported a 9.7% increase in revenue year-over-year, with earnings per share (EPS) of $1.40 for the last quarter, surpassing estimates.
• Air Lease announced a quarterly dividend of $0.22 per share, translating to an annual yield of 1.4%, set to be paid on October 8th.

Shares of Air Lease Corporation (NYSE:AL - Get Free Report) have been assigned a consensus recommendation of "Hold" from the nine brokerages that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $60.2857.

Several equities research analysts recently weighed in on AL shares. TD Cowen lowered Air Lease from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 3rd. Weiss Ratings reissued a "buy (b)" rating on shares of Air Lease in a report on Saturday, September 27th. Deutsche Bank Aktiengesellschaft lowered Air Lease from a "buy" rating to a "hold" rating and set a $65.00 price objective for the company. in a report on Wednesday, September 3rd. Cowen lowered Air Lease from a "buy" rating to a "hold" rating in a report on Wednesday, September 3rd. Finally, Barclays reissued an "overweight" rating and issued a $67.00 price objective (up previously from $56.00) on shares of Air Lease in a report on Thursday, July 10th.

Insider Transactions at Air Lease

In other Air Lease news, EVP Grant A. Levy sold 5,000 shares of Air Lease stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $63.57, for a total transaction of $317,850.00. Following the completion of the transaction, the executive vice president owned 141,316 shares of the company's stock, valued at $8,983,458.12. The trade was a 3.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP David Beker sold 5,000 shares of Air Lease stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $63.53, for a total value of $317,650.00. Following the transaction, the executive vice president directly owned 13,970 shares of the company's stock, valued at $887,514.10. The trade was a 26.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,000 shares of company stock valued at $746,380 in the last ninety days. Insiders own 6.64% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Archer Investment Corp grew its holdings in shares of Air Lease by 6.6% during the second quarter. Archer Investment Corp now owns 3,250 shares of the transportation company's stock worth $190,000 after purchasing an additional 200 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Air Lease by 0.7% during the second quarter. Public Employees Retirement System of Ohio now owns 34,793 shares of the transportation company's stock worth $2,035,000 after purchasing an additional 234 shares in the last quarter. Illinois Municipal Retirement Fund grew its holdings in shares of Air Lease by 0.5% during the first quarter. Illinois Municipal Retirement Fund now owns 56,306 shares of the transportation company's stock worth $2,720,000 after purchasing an additional 272 shares in the last quarter. Yousif Capital Management LLC grew its holdings in shares of Air Lease by 0.7% during the second quarter. Yousif Capital Management LLC now owns 41,004 shares of the transportation company's stock worth $2,398,000 after purchasing an additional 273 shares in the last quarter. Finally, MBM Wealth Consultants LLC grew its holdings in shares of Air Lease by 2.1% during the first quarter. MBM Wealth Consultants LLC now owns 14,131 shares of the transportation company's stock worth $686,000 after purchasing an additional 284 shares in the last quarter. Hedge funds and other institutional investors own 94.59% of the company's stock.

Air Lease Trading Up 0.1%

NYSE AL opened at $63.70 on Friday. The stock has a market capitalization of $7.12 billion, a price-to-earnings ratio of 7.73, a PEG ratio of 0.66 and a beta of 1.37. Air Lease has a one year low of $38.25 and a one year high of $64.30. The company has a debt-to-equity ratio of 2.47, a current ratio of 0.42 and a quick ratio of 0.42. The business's fifty day moving average is $60.47 and its 200-day moving average is $55.48.

Air Lease (NYSE:AL - Get Free Report) last released its earnings results on Monday, August 4th. The transportation company reported $1.40 EPS for the quarter, topping analysts' consensus estimates of $1.33 by $0.07. Air Lease had a return on equity of 7.99% and a net margin of 34.04%.The company had revenue of $731.70 million for the quarter, compared to analysts' expectations of $723.35 million. During the same period in the previous year, the business posted $1.23 EPS. The business's revenue for the quarter was up 9.7% compared to the same quarter last year. Equities research analysts predict that Air Lease will post 5.16 EPS for the current year.

Air Lease Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Wednesday, September 3rd will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, September 3rd. Air Lease's payout ratio is presently 10.68%.

About Air Lease

Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet aircraft to airlines worldwide. It sells aircraft from its fleet to third parties, including other leasing companies, financial services companies, airlines, and other investors. The company provides fleet management services to investors and owners of aircraft portfolios.

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