Brokerages Set FTAI Aviation Ltd. (NYSE:FTAI) Target Price at $171.83

Shares of FTAI Aviation Ltd. (NYSE:FTAI - Get Free Report) have been given an average recommendation of "Buy" by the thirteen research firms that are covering the stock, Marketbeat reports. Twelve analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $171.83.

Several equities research analysts have issued reports on FTAI shares. Citigroup restated a "buy" rating on shares of FTAI Aviation in a report on Thursday, March 6th. Citizens Jmp upgraded FTAI Aviation to a "strong-buy" rating in a research report on Thursday, May 8th. Morgan Stanley lowered their target price on FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. JMP Securities cut their price target on shares of FTAI Aviation from $190.00 to $180.00 and set a "market outperform" rating on the stock in a research note on Thursday, May 8th. Finally, Stifel Nicolaus upgraded shares of FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 price target for the company in a report on Friday, May 2nd.

FTAI Aviation Trading Up 4.6%

Shares of NYSE:FTAI traded up $5.68 during mid-day trading on Thursday, reaching $129.17. The stock had a trading volume of 1,045,957 shares, compared to its average volume of 1,774,421. The firm has a market cap of $13.25 billion, a PE ratio of -1,291.57 and a beta of 1.64. The firm has a 50 day simple moving average of $106.91 and a two-hundred day simple moving average of $121.35. FTAI Aviation has a twelve month low of $75.06 and a twelve month high of $181.64.

FTAI Aviation (NYSE:FTAI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.87 earnings per share for the quarter, missing analysts' consensus estimates of $0.95 by ($0.08). FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. During the same quarter in the prior year, the firm earned $0.31 EPS. FTAI Aviation's revenue for the quarter was up 53.7% compared to the same quarter last year. On average, equities analysts anticipate that FTAI Aviation will post 2.2 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 16th were paid a $0.30 dividend. The ex-dividend date was Friday, May 16th. This represents a $1.20 annualized dividend and a yield of 0.93%. FTAI Aviation's payout ratio is currently 571.43%.

Insider Transactions at FTAI Aviation

In other news, insider Stacy Kuperus bought 1,087 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The stock was acquired at an average cost of $92.90 per share, with a total value of $100,982.30. Following the completion of the purchase, the insider now owns 88,423 shares of the company's stock, valued at $8,214,496.70. This represents a 1.24% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Joseph P. Jr. Adams purchased 3,000 shares of the company's stock in a transaction on Friday, May 2nd. The shares were purchased at an average cost of $94.54 per share, for a total transaction of $283,620.00. Following the completion of the transaction, the chief executive officer now directly owns 341,852 shares of the company's stock, valued at approximately $32,318,688.08. This represents a 0.89% increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 10,667 shares of company stock worth $1,008,715 in the last three months. Insiders own 1.30% of the company's stock.

Hedge Funds Weigh In On FTAI Aviation

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Rhumbline Advisers lifted its position in shares of FTAI Aviation by 2.2% in the fourth quarter. Rhumbline Advisers now owns 142,072 shares of the financial services provider's stock valued at $20,464,000 after buying an additional 3,121 shares during the last quarter. Channing Capital Management LLC lifted its stake in shares of FTAI Aviation by 15.0% during the 4th quarter. Channing Capital Management LLC now owns 61,531 shares of the financial services provider's stock worth $8,863,000 after buying an additional 8,023 shares during the last quarter. Clearbridge Investments LLC lifted its stake in shares of FTAI Aviation by 104.3% during the 4th quarter. Clearbridge Investments LLC now owns 463,411 shares of the financial services provider's stock worth $66,750,000 after buying an additional 236,556 shares during the last quarter. Cynosure Group LLC bought a new stake in shares of FTAI Aviation during the 4th quarter worth about $321,000. Finally, Entropy Technologies LP acquired a new position in FTAI Aviation in the 4th quarter valued at about $545,000. Institutional investors own 88.96% of the company's stock.

FTAI Aviation Company 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.