FTAI Aviation (NYSE:FTAI) Upgraded to “Sell” by StockNews.com

StockNews.com upgraded shares of FTAI Aviation (NYSE:FTAI) to a sell rating in a research report released on Friday morning.

Several other research analysts also recently commented on FTAI. Benchmark reissued a buy rating and set a $100.00 price objective on shares of FTAI Aviation in a report on Wednesday, July 24th. Wolfe Research downgraded shares of FTAI Aviation from an outperform rating to a peer perform rating in a report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft increased their price target on shares of FTAI Aviation from $120.00 to $125.00 and gave the company a buy rating in a report on Thursday, July 25th. Jefferies Financial Group started coverage on shares of FTAI Aviation in a report on Tuesday, June 25th. They issued a buy rating and a $120.00 price target for the company. Finally, Compass Point increased their price target on shares of FTAI Aviation from $88.00 to $96.00 and gave the company a buy rating in a report on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, FTAI Aviation presently has a consensus rating of Moderate Buy and a consensus price target of $110.90.

FTAI Aviation Stock Down 6.4 %

Shares of FTAI opened at $101.96 on Friday. The stock has a market cap of $10.22 billion, a P/E ratio of 54.73 and a beta of 2.03. FTAI Aviation has a 52 week low of $32.09 and a 52 week high of $117.45. The business’s 50 day moving average price is $96.83 and its 200-day moving average price is $75.47.

FTAI Aviation Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 20th. Stockholders of record on Monday, August 12th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Monday, August 12th. FTAI Aviation’s dividend payout ratio (DPR) is presently 54.79%.

Insider Transactions at FTAI Aviation

In related news, CEO Joseph P. Jr. Adams bought 59,000 shares of FTAI Aviation stock in a transaction dated Thursday, May 30th. The shares were acquired at an average cost of $82.00 per share, with a total value of $4,838,000.00. Following the completion of the transaction, the chief executive officer now owns 197,382 shares in the company, valued at approximately $16,185,324. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On FTAI Aviation

Several institutional investors have recently bought and sold shares of FTAI. Ridgewood Investments LLC acquired a new stake in shares of FTAI Aviation during the second quarter worth $59,000. CWM LLC acquired a new stake in shares of FTAI Aviation during the fourth quarter worth $43,000. USA Financial Formulas lifted its stake in shares of FTAI Aviation by 1,684.6% during the fourth quarter. USA Financial Formulas now owns 1,624 shares of the financial services provider’s stock worth $75,000 after buying an additional 1,533 shares during the period. Tucker Asset Management LLC lifted its stake in shares of FTAI Aviation by 726.5% during the fourth quarter. Tucker Asset Management LLC now owns 1,653 shares of the financial services provider’s stock worth $77,000 after buying an additional 1,453 shares during the period. Finally, RiverPark Advisors LLC acquired a new stake in shares of FTAI Aviation during the second quarter worth $202,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

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.