FTAI Aviation Ltd. (NYSE:FTAI) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

FTAI Aviation Ltd. (NYSE:FTAI) has received an average rating of “Moderate Buy” from the twelve analysts that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $173.67.

A number of brokerages have recently commented on FTAI. Citigroup reiterated a “buy” rating on shares of FTAI Aviation in a report on Thursday, March 6th. Wolfe Research raised FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price target on the stock in a research note on Friday, January 10th. Barclays lifted their price objective on FTAI Aviation from $135.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Compass Point raised their price target on FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Finally, BTIG Research increased their price objective on shares of FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, December 31st.

FTAI Aviation Stock Performance

FTAI stock opened at $107.23 on Friday. The stock’s 50 day moving average price is $113.51 and its 200 day moving average price is $133.00. The firm has a market cap of $11.00 billion, a P/E ratio of -1,072.19 and a beta of 2.06. FTAI Aviation has a 1 year low of $64.04 and a 1 year high of $181.64.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.12%. The ex-dividend date is Friday, March 14th. FTAI Aviation’s payout ratio is currently -342.86%.

Institutional Investors Weigh In On FTAI Aviation

Institutional investors and hedge funds have recently made changes to their positions in the company. Sara Bay Financial bought a new position in shares of FTAI Aviation during the fourth quarter valued at approximately $547,000. Ibex Wealth Advisors acquired a new position in FTAI Aviation during the 4th quarter valued at approximately $3,518,000. Luxor Capital Group LP bought a new position in FTAI Aviation during the 3rd quarter worth $1,298,000. Rhumbline Advisers increased its position in FTAI Aviation by 2.2% in the fourth quarter. Rhumbline Advisers now owns 142,072 shares of the financial services provider’s stock worth $20,464,000 after buying an additional 3,121 shares during the period. Finally, SeaCrest Wealth Management LLC increased its position in FTAI Aviation by 77.1% in the fourth quarter. SeaCrest Wealth Management LLC now owns 6,555 shares of the financial services provider’s stock worth $944,000 after buying an additional 2,853 shares during the period. 88.96% of the stock is owned by institutional investors and hedge funds.

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.