Shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Get Free Report) rose 7.4% during mid-day trading on Monday . The stock traded as high as $166.65 and last traded at $165.45. Approximately 912,654 shares traded hands during trading, a decline of 58% from the average daily volume of 2,194,345 shares. The stock had previously closed at $154.00.
Wall Street Analysts Forecast Growth
FTAI has been the topic of several analyst reports. Citigroup restated a "buy" rating on shares of FTAI Aviation in a report on Thursday, July 10th. JMP Securities increased their target price 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. Morgan Stanley increased their target price on FTAI Aviation from $138.00 to $175.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 20th. Royal Bank Of Canada increased their target price on FTAI Aviation from $130.00 to $160.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Finally, BTIG Research increased their target price on FTAI Aviation from $190.00 to $230.00 and gave the stock a "buy" rating in a research report on Monday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $182.83.
Check Out Our Latest Research Report on FTAI Aviation
FTAI Aviation Stock Up 8.1%
The stock has a 50 day simple moving average of $131.19 and a 200 day simple moving average of $118.84. The company has a market capitalization of $17.07 billion, a price-to-earnings ratio of 41.19 and a beta of 1.65.
FTAI Aviation (NASDAQ:FTAI - Get Free Report) last announced its earnings results on Tuesday, July 29th. The financial services provider reported $1.57 EPS for the quarter, topping the consensus estimate of $1.33 by $0.24. FTAI Aviation had a return on equity of 465.13% and a net margin of 21.31%.The firm had revenue of $676.24 million for the quarter, compared to analysts' expectations of $754.75 million. During the same quarter in the previous year, the company earned ($2.26) earnings per share. The firm's quarterly revenue was up 52.4% compared to the same quarter last year. As a group, analysts forecast that FTAI Aviation Ltd. will post 2.2 EPS for the current year.
FTAI Aviation Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Tuesday, August 12th were issued a $0.30 dividend. The ex-dividend date of this dividend 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%.
Hedge Funds Weigh In On FTAI Aviation
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. grew its holdings in shares of FTAI Aviation by 27.3% during the 1st quarter. Harbor Capital Advisors Inc. now owns 147,753 shares of the financial services provider's stock valued at $16,405,000 after acquiring an additional 31,694 shares in the last quarter. WCM Investment Management LLC grew its holdings in shares of FTAI Aviation by 11.2% during the 1st quarter. WCM Investment Management LLC now owns 242,083 shares of the financial services provider's stock valued at $27,200,000 after acquiring an additional 24,296 shares in the last quarter. Royce & Associates LP grew its holdings in shares of FTAI Aviation by 97.9% during the 1st quarter. Royce & Associates LP now owns 411,248 shares of the financial services provider's stock valued at $45,661,000 after acquiring an additional 203,447 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of FTAI Aviation by 24,780.1% during the 1st quarter. GAMMA Investing LLC now owns 47,521 shares of the financial services provider's stock valued at $5,276,000 after acquiring an additional 47,330 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in FTAI Aviation by 5.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,879 shares of the financial services provider's stock worth $986,000 after purchasing an additional 443 shares in the last quarter. 88.96% of the stock is currently owned by hedge funds and other institutional investors.
About FTAI Aviation
(
Get Free Report)
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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