MetLife Investment Management LLC Sells 2,092 Shares of FTAI Aviation Ltd. $FTAI

Key Points

• MetLife Investment Management LLC reduced its stake in FTAI Aviation Ltd. by 3.4%, selling 2,092 shares, bringing its total ownership to 59,113 shares worth approximately $6.56 million.
• FTAI Aviation has received several upgrades from analysts, with Zacks improving its rating from "strong sell" to "hold", while others raised the target price significantly, with JMP Securities now at $205.00.
• The firm declared a quarterly dividend of $0.30, leading to an annualized dividend yield of 0.8%, and noted that 88.96% of its shares are owned by institutional investors.

MetLife Investment Management LLC trimmed its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 3.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,113 shares of the financial services provider's stock after selling 2,092 shares during the quarter. MetLife Investment Management LLC owned approximately 0.06% of FTAI Aviation worth $6,563,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in FTAI. Versant Capital Management Inc raised its position in shares of FTAI Aviation by 420.9% during the first 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 bought a new stake in FTAI Aviation in the fourth quarter worth approximately $26,000. Kapitalo Investimentos Ltda bought a new stake in FTAI Aviation in the fourth quarter worth approximately $30,000. Rakuten Securities Inc. bought a new stake in FTAI Aviation in the first quarter worth approximately $34,000. Finally, Rossby Financial LCC bought a new stake in FTAI Aviation in the first quarter worth approximately $45,000. 88.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Zacks Research upgraded FTAI Aviation from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 20th. Wall Street Zen upgraded FTAI Aviation from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Royal Bank Of Canada lifted their target price on FTAI Aviation from $130.00 to $160.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Morgan Stanley lifted their target price on FTAI Aviation from $138.00 to $175.00 and gave the stock an "overweight" rating in a report on Wednesday, August 20th. Finally, JMP Securities lifted their target price on FTAI Aviation from $180.00 to $205.00 and gave the stock a "market outperform" rating in a report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, FTAI Aviation presently has an average rating of "Buy" and a consensus target price of $182.83.

FTAI Aviation Stock Up 0.5%

NASDAQ FTAI opened at $149.91 on Thursday. The company has a market cap of $15.38 billion, a price-to-earnings ratio of 37.11 and a beta of 1.61. FTAI Aviation Ltd. has a 52 week low of $75.06 and a 52 week high of $181.64. The business has a 50 day moving average price of $127.52 and a 200-day moving average price of $117.21.

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

FTAI Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 19th. Investors of record on Tuesday, August 12th were given a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $1.20 annualized dividend and a yield of 0.8%. FTAI Aviation's dividend payout ratio (DPR) is presently 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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