Air Lease Stock Price, News & Analysis (NYSE:AL)

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Air Lease in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" AL shares.
View AL analyst ratings or view top-rated stocks.

5 brokerages have issued twelve-month price objectives for Air Lease's stock. Their AL share price targets range from $43.00 to $60.00. On average, they expect the company's stock price to reach $52.60 in the next year. This suggests a possible upside of 38.2% from the stock's current price.
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Air Lease's stock was trading at $38.42 at the start of the year. Since then, AL stock has decreased by 0.9% and is now trading at $38.06.
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Air Lease saw a drop in short interest during the month of November. As of November 15th, there was short interest totaling 1,120,000 shares, a drop of 8.2% from the October 31st total of 1,220,000 shares. Based on an average daily trading volume, of 700,700 shares, the days-to-cover ratio is currently 1.6 days. Currently, 1.1% of the company's shares are sold short.
View Air Lease's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 15th 2024.
View our AL earnings forecast.

Air Lease Co. (NYSE:AL) announced its quarterly earnings data on Monday, November, 6th. The transportation company reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $1.08 by $0.02. The transportation company had revenue of $659.36 million for the quarter, compared to analyst estimates of $659.17 million. Air Lease had a net margin of 20.97% and a trailing twelve-month return on equity of 7.92%.

Air Lease declared a quarterly dividend on Monday, November 6th. Investors of record on Friday, December 15th will be given a dividend of $0.21 per share on Wednesday, January 10th. This represents a $0.84 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Thursday, December 14th. This is a positive change from the stock's previous quarterly dividend of $0.20.
Read our dividend analysis for AL.

Air Lease (NYSE:AL) pays an annual dividend of $0.80 per share and currently has a dividend yield of 2.09%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 17.90%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AL will have a dividend payout ratio of 15.56% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AL.

ETFs with the largest weight of Air Lease (NYSE:AL) stock in their portfolio include Cambiar Aggressive Value ETF (CAMX), First Trust Dorsey Wright Momentum & Value ETF (DVLU), First Trust Industrials/Producer Durables AlphaDEX Fund (FXR), Harbor Small Cap Explorer ETF (QWST), First Trust Dorsey Wright Momentum & Dividend ETF (DDIV), Avantis U.S. Small Cap Value ETF (AVUV), First Trust Mid Cap Value AlphaDEX Fund (FNK) and Vanguard U.S. Value Factor (VFVA).

15 employees have rated Air Lease Chief Executive Officer Ugo Ruffalo on Glassdoor.com. Ugo Ruffalo has an approval rating of 98% among the company's employees. This puts Ugo Ruffalo in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Air Lease investors own include Alibaba Group (BABA), CVS Health (CVS), Delta Air Lines (DAL), Walt Disney (DIS), Micron Technology (MU), QUALCOMM (QCOM), Intel (INTC), Bank of America (BAC), Advanced Micro Devices (AMD) and NVIDIA (NVDA).

Air Lease's stock is owned by many different institutional and retail investors. Top institutional shareholders include JPMorgan Chase & Co. (5.97%), Invesco Ltd. (2.45%), Artisan Partners Limited Partnership (2.38%), Allspring Global Investments Holdings LLC (2.10%), Earnest Partners LLC (1.64%) and Copeland Capital Management LLC (1.54%). Insiders that own company stock include Alex A Khatibi, Grant A Levy, Jie Chen, Steven F Udvar-Hazy and Yvette Hollingsworth Clark.
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Shares of AL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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