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

FTAI Aviation Ltd. (NYSE:FTAI – Get Rating) has been assigned a consensus rating of “Moderate Buy” from the five research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $26.38.

A number of equities research analysts have recently weighed in on FTAI shares. StockNews.com started coverage on FTAI Aviation in a report on Wednesday, October 12th. They set a “sell” rating for the company. Barclays boosted their price target on FTAI Aviation from $20.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Compass Point dropped their price target on FTAI Aviation from $39.00 to $31.00 and set a “buy” rating for the company in a research note on Wednesday, September 21st.

FTAI Aviation Price Performance

FTAI stock opened at $21.25 on Thursday. The company has a fifty day moving average price of $17.57 and a two-hundred day moving average price of $17.68. FTAI Aviation has a one year low of $14.29 and a one year high of $29.64. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of -8.14 and a beta of 1.79.

FTAI Aviation (NYSE:FTAI – Get Rating) last released its quarterly earnings data on Thursday, October 27th. The financial services provider reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.52). FTAI Aviation had a negative return on equity of 6.79% and a negative net margin of 34.65%. The company had revenue of $230.37 million for the quarter, compared to the consensus estimate of $155.11 million. Research analysts anticipate that FTAI Aviation will post -0.9 EPS for the current fiscal year.

FTAI Aviation Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 28th. Stockholders of record on Monday, November 14th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.65%. The ex-dividend date was Thursday, November 10th. FTAI Aviation’s payout ratio is -45.98%.

Insider Transactions at FTAI Aviation

In other news, CEO Joseph P. Jr. Adams bought 25,000 shares of the stock in a transaction dated Wednesday, November 9th. The shares were bought at an average cost of $18.00 per share, with a total value of $450,000.00. Following the completion of the transaction, the chief executive officer now directly owns 187,616 shares of the company’s stock, valued at $3,377,088. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is owned by insiders.

Institutional Investors Weigh In On FTAI Aviation

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Gamco Investors INC. ET AL raised its position in FTAI Aviation by 1.1% in the 1st quarter. Gamco Investors INC. ET AL now owns 64,340 shares of the financial services provider’s stock valued at $1,657,000 after buying an additional 722 shares during the last quarter. Bard Associates Inc. raised its position in FTAI Aviation by 4.5% in the 2nd quarter. Bard Associates Inc. now owns 18,500 shares of the financial services provider’s stock valued at $358,000 after buying an additional 800 shares during the last quarter. Trust Co. of Vermont bought a new position in FTAI Aviation in the 2nd quarter valued at $26,000. Clear Harbor Asset Management LLC grew its stake in FTAI Aviation by 4.3% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 36,250 shares of the financial services provider’s stock valued at $544,000 after purchasing an additional 1,500 shares during the period. Finally, Orchard Capital Management LLC grew its stake in FTAI Aviation by 0.6% in the 3rd quarter. Orchard Capital Management LLC now owns 542,183 shares of the financial services provider’s stock valued at $8,130,000 after purchasing an additional 3,100 shares during the period. 74.89% of the stock is owned by hedge funds and other institutional investors.

About FTAI Aviation

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FTAI Aviation Ltd. owns and acquires infrastructure and related 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.