Advisors Capital Management LLC Boosts Stock Holdings in FTAI Aviation Ltd. $FTAI

Key Points

• Advisors Capital Management LLC has significantly increased its stake in FTAI Aviation Ltd. by 99.8% during the first quarter, owning a total of 158,531 shares valued at approximately $17.6 million.
• Analysts have upgraded their outlook on FTAI Aviation, with price targets raised by firms such as BTIG Research and Royal Bank of Canada, projecting a consensus target price of $182.83.
• FTAI Aviation reported earnings of $1.57 EPS for the latest quarter, surpassing estimates, while also announcing a quarterly dividend of $0.30 per share.

Advisors Capital Management LLC grew its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 99.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 158,531 shares of the financial services provider's stock after acquiring an additional 79,190 shares during the quarter. Advisors Capital Management LLC owned 0.15% of FTAI Aviation worth $17,602,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc boosted its holdings in FTAI Aviation by 420.9% during the 1st quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider's stock worth $25,000 after acquiring an additional 181 shares during the last quarter. Virtus Fund Advisers LLC purchased a new position in FTAI Aviation during the 4th quarter worth $26,000. Virtus Advisers LLC purchased a new position in FTAI Aviation during the 1st quarter worth $29,000. Rakuten Securities Inc. purchased a new position in FTAI Aviation during the 1st quarter worth $34,000. Finally, Rossby Financial LCC purchased a new position in FTAI Aviation during the 1st quarter worth $45,000. 88.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on FTAI. BTIG Research boosted their price target on shares of FTAI Aviation from $190.00 to $230.00 and gave the stock a "buy" rating in a report on Monday, August 25th. Royal Bank Of Canada boosted their price target on shares of FTAI Aviation from $130.00 to $160.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Morgan Stanley boosted their price target on shares of FTAI Aviation from $138.00 to $175.00 and gave the stock an "overweight" rating in a report on Wednesday, August 20th. Wall Street Zen downgraded shares of FTAI Aviation from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Finally, Citigroup reissued a "buy" rating on shares of FTAI Aviation in a report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $182.83.

FTAI Aviation Stock Performance

Shares of FTAI Aviation stock opened at $169.85 on Friday. FTAI Aviation Ltd. has a 52-week low of $75.06 and a 52-week high of $181.64. The stock's 50-day simple moving average is $135.45 and its 200 day simple moving average is $120.03. The stock has a market capitalization of $17.42 billion, a P/E ratio of 42.04 and a beta of 1.65.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.33 by $0.24. FTAI Aviation had a return on equity of 465.13% and a net margin of 21.31%.The business had revenue of $676.24 million for the quarter, compared to analysts' expectations of $754.75 million. During the same period in the previous year, the business posted ($2.26) EPS. The firm's quarterly revenue was up 52.4% compared to the same quarter last year. Equities research analysts forecast that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 19th. Stockholders of record on Tuesday, August 12th were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, August 12th. This represents a $1.20 annualized dividend and a dividend yield of 0.7%. FTAI Aviation's dividend payout ratio is currently 29.70%.

FTAI Aviation Profile

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.

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