FTAI Aviation (NYSE:FTAI) Shares Gap Down to $131.65

FTAI Aviation Ltd. (NYSE:FTAI) gapped down prior to trading on Wednesday . The stock had previously closed at $131.65, but opened at $128.77. FTAI Aviation shares last traded at $130.18, with a volume of 6,661 shares traded.

Analysts Set New Price Targets

Several research firms have weighed in on FTAI. Wolfe Research downgraded shares of FTAI Aviation from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 10th. Citigroup boosted their target price on FTAI Aviation from $81.00 to $99.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. BTIG Research started coverage on FTAI Aviation in a research report on Monday, August 26th. They issued a “buy” rating and a $140.00 target price on the stock. JMP Securities boosted their price objective on FTAI Aviation from $90.00 to $132.00 and gave the stock a “market outperform” rating in a research note on Thursday, July 25th. Finally, Stifel Nicolaus raised FTAI Aviation from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $69.00 to $132.00 in a research note on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $134.73.

FTAI Aviation Stock Up 1.7 %

The company has a fifty day moving average of $117.13 and a two-hundred day moving average of $94.72. The stock has a market capitalization of $13.43 billion, a price-to-earnings ratio of 60.11 and a beta of 2.04.

FTAI Aviation (NYSE:FTAI) last issued its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.14). The company had revenue of $443.59 million for the quarter, compared to analyst estimates of $361.92 million. FTAI Aviation had a positive return on equity of 180.68% and a negative net margin of 1.50%. Equities analysts anticipate that FTAI Aviation Ltd. will post 2.13 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Monday, August 12th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend was Monday, August 12th. FTAI Aviation’s payout ratio is 54.79%.

Institutional Trading of FTAI Aviation

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FTAI. Arcadia Investment Management Corp MI purchased a new stake in FTAI Aviation during the 2nd quarter worth approximately $33,000. Ridgewood Investments LLC acquired a new position in FTAI Aviation during the 2nd quarter worth $59,000. Tucker Asset Management LLC lifted its holdings in shares of FTAI Aviation by 726.5% in the fourth quarter. Tucker Asset Management LLC now owns 1,653 shares of the financial services provider’s stock valued at $77,000 after buying an additional 1,453 shares during the period. RiverPark Advisors LLC acquired a new stake in shares of FTAI Aviation in the second quarter valued at $202,000. Finally, Profund Advisors LLC acquired a new stake in shares of FTAI Aviation in the second quarter valued at $205,000. Hedge funds and other 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.