3,782 Shares in FTAI Aviation Ltd. $FTAI Bought by Townsquare Capital LLC

Townsquare Capital LLC bought a new stake in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,782 shares of the financial services provider's stock, valued at approximately $420,000.

A number of other hedge funds have also recently made changes to their positions in the company. Versant Capital Management Inc raised its holdings in FTAI Aviation by 420.9% in the 1st quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider's stock valued at $25,000 after buying an additional 181 shares during the last quarter. Virtus Fund Advisers LLC acquired a new position in FTAI Aviation in the 4th quarter valued at approximately $26,000. Transce3nd LLC bought a new position in shares of FTAI Aviation during the fourth quarter valued at $29,000. Kapitalo Investimentos Ltda acquired a new position in shares of FTAI Aviation during the fourth quarter worth $30,000. Finally, Rakuten Securities Inc. bought a new stake in shares of FTAI Aviation in the first quarter worth $34,000. 88.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FTAI has been the subject of several analyst reports. Citizens Jmp raised FTAI Aviation to a "strong-buy" rating in a research report on Thursday, May 8th. Stifel Nicolaus raised FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 price target for the company in a research note on Friday, May 2nd. JMP Securities raised their price objective on FTAI Aviation from $180.00 to $205.00 and gave the stock a "market outperform" rating in a research report on Wednesday, August 6th. Citigroup reiterated a "buy" rating on shares of FTAI Aviation in a report on Thursday, July 10th. Finally, Morgan Stanley increased their target price on shares of FTAI Aviation from $138.00 to $175.00 and gave the company an "overweight" rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $179.50.

FTAI Aviation Stock Performance

Shares of FTAI Aviation stock traded up $6.29 on Thursday, reaching $146.69. 819,847 shares of the company's stock were exchanged, compared to its average volume of 2,265,802. The company has a market capitalization of $15.05 billion, a P/E ratio of 36.31 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 firm's 50-day moving average is $125.19 and its two-hundred day moving average is $116.00.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last released its earnings results 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. The company had revenue of $676.24 million for the quarter, compared to the consensus estimate of $754.75 million. FTAI Aviation had a net margin of 21.31% and a return on equity of 465.13%. FTAI Aviation's quarterly revenue was up 52.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($2.26) EPS. On average, analysts expect that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 19th. Stockholders of record on Tuesday, August 12th were paid a $0.30 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $1.20 annualized dividend and a dividend yield of 0.8%. FTAI Aviation's dividend payout ratio (DPR) is currently 29.70%.

About FTAI Aviation

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.