Aircastle Limited (NYSE:AYR) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Aircastle Limited (NYSE:AYR) have been assigned an average recommendation of “Hold” from the nine ratings firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $23.75.

Several research analysts have commented on the stock. ValuEngine upgraded shares of Aircastle from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Cowen lowered shares of Aircastle from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $29.00 to $32.00 in a report on Friday, November 8th. Goldman Sachs Group raised shares of Aircastle from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 6th. Zacks Investment Research upgraded shares of Aircastle from a “sell” rating to a “hold” rating in a research note on Monday, November 25th. Finally, JPMorgan Chase & Co. raised Aircastle from an “underweight” rating to a “neutral” rating in a report on Wednesday, October 23rd.

In related news, insider Hart Kevin 15,000,000 shares of the business’s stock in a transaction that occurred on Thursday, November 28th. Corporate insiders own 2.10% of the company’s stock.

Several large investors have recently modified their holdings of the company. WINTON GROUP Ltd acquired a new position in shares of Aircastle in the 2nd quarter valued at $238,000. Nisa Investment Advisors LLC boosted its stake in Aircastle by 13.0% in the second quarter. Nisa Investment Advisors LLC now owns 50,500 shares of the transportation company’s stock valued at $1,074,000 after acquiring an additional 5,800 shares in the last quarter. Rothschild & Co. Asset Management US Inc. grew its holdings in shares of Aircastle by 3.5% during the second quarter. Rothschild & Co. Asset Management US Inc. now owns 1,939,992 shares of the transportation company’s stock worth $41,244,000 after purchasing an additional 64,726 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Aircastle by 9.0% during the second quarter. First Trust Advisors LP now owns 340,357 shares of the transportation company’s stock worth $7,236,000 after purchasing an additional 28,238 shares during the last quarter. Finally, KBC Group NV grew its holdings in shares of Aircastle by 95.1% during the second quarter. KBC Group NV now owns 195,049 shares of the transportation company’s stock worth $4,147,000 after purchasing an additional 95,087 shares during the last quarter. Institutional investors and hedge funds own 57.24% of the company’s stock.

NYSE:AYR traded down $0.03 during mid-day trading on Monday, hitting $32.10. The stock had a trading volume of 277,294 shares, compared to its average volume of 373,400. The stock has a 50-day simple moving average of $29.63 and a two-hundred day simple moving average of $23.30. The company has a market capitalization of $2.40 billion, a PE ratio of 10.13 and a beta of 1.54. Aircastle has a twelve month low of $15.75 and a twelve month high of $32.47.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 3.99%. This is an increase from Aircastle’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Wednesday, November 27th. Aircastle’s dividend payout ratio is 40.38%.

About Aircastle

Aircastle Limited, through its subsidiaries, leases, finances, sells, and manages commercial flight equipment to airlines worldwide. As of December 31, 2018, its aircraft portfolio comprised 261 aircraft leased to 81 lessees located in 44 countries. Aircastle Limited was founded in 2004 and is based in Stamford, Connecticut.

Featured Story: What are high-yield dividend stocks?

Analyst Recommendations for Aircastle (NYSE:AYR)

Receive News & Ratings for Aircastle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aircastle and related companies with MarketBeat.com's FREE daily email newsletter.