FTAI Aviation (NYSE:FTAI) PT Raised to $88.00

FTAI Aviation (NYSE:FTAI - Free Report) had its price target hoisted by Compass Point from $71.00 to $88.00 in a research report report published on Friday morning, Benzinga reports. Compass Point currently has a buy rating on the financial services provider's stock.

A number of other brokerages have also recently commented on FTAI. StockNews.com cut FTAI Aviation from a hold rating to a sell rating in a research report on Friday, April 12th. Barclays boosted their price objective on FTAI Aviation from $62.00 to $80.00 and gave the company an overweight rating in a report on Thursday, April 4th. Benchmark raised their price target on shares of FTAI Aviation from $45.00 to $100.00 and gave the company a buy rating in a research report on Friday, March 15th. Morgan Stanley boosted their price objective on shares of FTAI Aviation from $58.00 to $70.00 and gave the company an overweight rating in a research note on Tuesday, February 27th. Finally, Stifel Nicolaus reaffirmed a hold rating and set a $59.00 price objective (up previously from $40.00) on shares of FTAI Aviation in a research note on Monday, February 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, FTAI Aviation has a consensus rating of Moderate Buy and a consensus target price of $58.45.

FTAI Aviation Stock Down 3.4 %

Shares of FTAI traded down $2.50 during midday trading on Friday, reaching $70.75. 1,806,318 shares of the stock were exchanged, compared to its average volume of 868,759. FTAI Aviation has a twelve month low of $26.79 and a twelve month high of $74.99. The company has a market cap of $7.09 billion, a P/E ratio of 33.69 and a beta of 1.90. The stock's 50 day simple moving average is $63.57 and its 200 day simple moving average is $50.97.

FTAI Aviation (NYSE:FTAI - Get Free Report) last posted its earnings results on Thursday, April 25th. The financial services provider reported $0.31 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.06). FTAI Aviation had a return on equity of 223.80% and a net margin of 20.82%. The firm had revenue of $326.70 million for the quarter, compared to analyst estimates of $302.07 million. During the same period in the prior year, the business posted $0.22 EPS. The firm's quarterly revenue was up 11.6% compared to the same quarter last year. As a group, analysts predict that FTAI Aviation will post 2.43 earnings per share for the current year.

FTAI Aviation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Friday, March 8th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend was Thursday, March 7th. FTAI Aviation's dividend payout ratio is presently 57.14%.

Institutional Trading of FTAI Aviation

Institutional investors have recently bought and sold shares of the company. Handelsbanken Fonder AB grew its holdings in FTAI Aviation by 27.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 14,000 shares of the financial services provider's stock valued at $498,000 after buying an additional 3,000 shares in the last quarter. Xponance Inc. bought a new stake in shares of FTAI Aviation in the third quarter valued at about $209,000. Bank of New York Mellon Corp raised its holdings in shares of FTAI Aviation by 1.1% in the third quarter. Bank of New York Mellon Corp now owns 372,574 shares of the financial services provider's stock valued at $13,245,000 after acquiring an additional 3,895 shares in the last quarter. Brown Advisory Inc. bought a new stake in shares of FTAI Aviation in the third quarter valued at about $754,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of FTAI Aviation by 32.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,823 shares of the financial services provider's stock valued at $705,000 after acquiring an additional 4,903 shares in the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

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.