FTAI Aviation (NYSE:FTAI) Stock Rating Reaffirmed by Benchmark

Benchmark reissued their buy rating on shares of FTAI Aviation (NYSE:FTAI - Free Report) in a report released on Thursday, Benzinga reports. Benchmark currently has a $100.00 price target on the financial services provider's stock.

Several other research analysts have also recently issued reports on FTAI. JMP Securities raised their target price on FTAI Aviation from $66.00 to $85.00 and gave the stock a market outperform rating in a research report on Monday. StockNews.com downgraded FTAI Aviation from a hold rating to a sell rating in a research note on Friday, April 12th. Compass Point raised their price objective on FTAI Aviation from $71.00 to $88.00 and gave the stock a buy rating in a research note on Friday, April 26th. Morgan Stanley raised their price objective on FTAI Aviation from $58.00 to $70.00 and gave the stock an overweight rating in a research note on Tuesday, February 27th. Finally, Stifel Nicolaus raised their price objective on FTAI Aviation from $59.00 to $66.00 and gave the stock a hold rating in a research note on Monday. 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 stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of $67.17.

FTAI Aviation Price Performance

Shares of FTAI Aviation stock traded up $2.31 during trading on Thursday, hitting $75.51. 1,068,563 shares of the company's stock traded hands, compared to its average volume of 881,513. FTAI Aviation has a 1 year low of $26.82 and a 1 year high of $75.70. The stock has a market capitalization of $7.57 billion, a P/E ratio of 33.96 and a beta of 1.90. The business has a 50-day simple moving average of $65.04 and a 200-day simple moving average of $52.11.

FTAI Aviation (NYSE:FTAI - Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.31 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.06). The business had revenue of $326.70 million for the quarter, compared to analysts' expectations of $302.07 million. FTAI Aviation had a net margin of 21.08% and a return on equity of 188.45%. The company's quarterly revenue was up 11.6% on a year-over-year basis. During the same period last year, the business earned $0.22 earnings per share. On average, equities analysts predict that FTAI Aviation will post 2.51 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Friday, May 10th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.59%. The ex-dividend date is Thursday, May 9th. FTAI Aviation's dividend payout ratio (DPR) is presently 54.79%.

Institutional Trading of FTAI Aviation

A number of large investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its stake in FTAI Aviation by 37.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 848 shares of the financial services provider's stock worth $30,000 after acquiring an additional 231 shares during the last quarter. Arizona State Retirement System increased its stake in FTAI Aviation by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 28,396 shares of the financial services provider's stock worth $1,009,000 after acquiring an additional 384 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in FTAI Aviation by 25.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,264 shares of the financial services provider's stock worth $116,000 after acquiring an additional 657 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in FTAI Aviation by 1.8% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 39,944 shares of the financial services provider's stock worth $2,688,000 after acquiring an additional 718 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in FTAI Aviation by 2.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,389 shares of the financial services provider's stock worth $2,106,000 after acquiring an additional 902 shares during the last quarter. Institutional investors own 88.96% of the company's stock.

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.