FTAI Aviation (NYSE:FTAI) Hits New 1-Year High – Here’s What Happened

FTAI Aviation Ltd. (NYSE:FTAI) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $166.74 and last traded at $166.43, with a volume of 106497 shares. The stock had previously closed at $163.02.

Analyst Ratings Changes

FTAI has been the topic of several research reports. Morgan Stanley reiterated an “underperform” rating on shares of FTAI Aviation in a research report on Friday, October 18th. Compass Point increased their target price on FTAI Aviation from $118.00 to $156.00 and gave the company a “buy” rating in a report on Friday, September 27th. Benchmark boosted their price target on FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, November 1st. StockNews.com upgraded FTAI Aviation to a “sell” rating in a research report on Friday, August 2nd. Finally, Jefferies Financial Group lifted their price objective on FTAI Aviation from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $162.09.

FTAI Aviation Trading Up 0.1 %

The stock has a market capitalization of $17.56 billion, a price-to-earnings ratio of 70.67 and a beta of 2.04. The business has a 50 day simple moving average of $142.33 and a 200-day simple moving average of $114.26.

FTAI Aviation (NYSE:FTAI) last released its earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). The company had revenue of $465.80 million during the quarter, compared to analysts’ expectations of $422.45 million. FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. FTAI Aviation’s revenue for the quarter was up 60.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.33 earnings per share. Research analysts predict that FTAI Aviation Ltd. will post 2.21 EPS for the current year.

FTAI Aviation Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 0.70%. FTAI Aviation’s dividend payout ratio is presently -1,199.88%.

Institutional Trading of FTAI Aviation

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Arete Wealth Advisors LLC acquired a new stake in shares of FTAI Aviation in the third quarter worth $294,000. Geode Capital Management LLC raised its position in FTAI Aviation by 2.7% in the third quarter. Geode Capital Management LLC now owns 2,386,325 shares of the financial services provider’s stock valued at $317,202,000 after purchasing an additional 61,897 shares during the period. Barclays PLC lifted its stake in shares of FTAI Aviation by 73.5% during the third quarter. Barclays PLC now owns 214,610 shares of the financial services provider’s stock worth $28,520,000 after purchasing an additional 90,905 shares in the last quarter. Luxor Capital Group LP acquired a new position in shares of FTAI Aviation during the third quarter worth about $1,298,000. Finally, MML Investors Services LLC boosted its position in shares of FTAI Aviation by 6.3% in the third quarter. MML Investors Services LLC now owns 2,166 shares of the financial services provider’s stock worth $288,000 after buying an additional 129 shares during the period. Institutional investors and hedge funds own 88.96% of the company’s stock.

FTAI Aviation Company Profile

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.