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

Shares of Air Lease Corporation (NYSE:AL - Get Free Report) have earned a consensus rating of "Moderate Buy" from the six research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $59.29.

Several analysts have commented on AL shares. Wall Street Zen upgraded shares of Air Lease from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Barclays restated an "overweight" rating and set a $67.00 target price (up from $56.00) on shares of Air Lease in a research report on Thursday, July 10th. Finally, Citigroup raised Air Lease from a "neutral" rating to a "buy" rating and increased their price target for the stock from $45.00 to $68.00 in a research report on Tuesday, May 20th.

Insider Transactions at Air Lease

In other Air Lease news, EVP Grant A. Levy sold 10,000 shares of the stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $56.85, for a total value of $568,500.00. Following the sale, the executive vice president owned 146,316 shares of the company's stock, valued at $8,318,064.60. This trade represents a 6.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.80% of the stock is currently owned by company insiders.

Institutional Trading of Air Lease

Several institutional investors have recently modified their holdings of AL. Alpine Bank Wealth Management purchased a new stake in Air Lease during the 1st quarter valued at approximately $25,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Air Lease during the fourth quarter worth $28,000. Brooklyn Investment Group grew its position in Air Lease by 152.4% in the 1st quarter. Brooklyn Investment Group now owns 588 shares of the transportation company's stock valued at $28,000 after buying an additional 355 shares during the last quarter. Engine Capital Management LP acquired a new position in Air Lease in the 4th quarter valued at $36,000. Finally, Versant Capital Management Inc raised its position in Air Lease by 88.1% during the 1st quarter. Versant Capital Management Inc now owns 743 shares of the transportation company's stock worth $36,000 after buying an additional 348 shares during the last quarter. Hedge funds and other institutional investors own 94.59% of the company's stock.

Air Lease Trading Down 1.1%

Shares of AL opened at $56.91 on Tuesday. The company has a debt-to-equity ratio of 2.53, a current ratio of 0.39 and a quick ratio of 0.39. The firm has a market capitalization of $6.36 billion, a price-to-earnings ratio of 9.95, a PEG ratio of 0.62 and a beta of 1.35. The company has a 50-day moving average of $57.63 and a 200 day moving average of $50.34. Air Lease has a 1-year low of $38.25 and a 1-year high of $60.41.

Air Lease (NYSE:AL - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The transportation company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.27. The company had revenue of $738.28 million for the quarter, compared to analyst estimates of $709.70 million. Air Lease had a net margin of 24.77% and a return on equity of 8.04%. Air Lease's revenue was up 11.3% compared to the same quarter last year. During the same period last year, the company posted $0.87 earnings per share. On average, research analysts expect that Air Lease will post 5.16 EPS for the current year.

Air Lease Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Wednesday, June 4th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend was Wednesday, June 4th. Air Lease's dividend payout ratio (DPR) is 15.38%.

Air Lease Company Profile

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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