FTAI Aviation (NASDAQ:FTAI) Trading Down 4.6% – What’s Next?

FTAI Aviation Ltd. (NASDAQ:FTAI)’s share price traded down 4.6% during mid-day trading on Tuesday . The stock traded as low as $245.04 and last traded at $245.41. 208,275 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 1,694,798 shares. The stock had previously closed at $257.30.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Morgan Stanley lifted their target price on shares of FTAI Aviation from $266.00 to $293.00 and gave the company an “overweight” rating in a report on Tuesday, March 24th. Zacks Research upgraded FTAI Aviation from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Citigroup reissued an “outperform” rating on shares of FTAI Aviation in a research report on Thursday, January 29th. BTIG Research boosted their price objective on FTAI Aviation from $335.00 to $340.00 and gave the stock a “buy” rating in a research note on Friday, March 13th. Finally, Royal Bank Of Canada increased their target price on FTAI Aviation from $270.00 to $350.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Eleven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $295.78.

FTAI Aviation Stock Performance

The firm has a market capitalization of $24.02 billion, a price-to-earnings ratio of 50.69, a price-to-earnings-growth ratio of 0.90 and a beta of 1.59. The company has a debt-to-equity ratio of 10.32, a quick ratio of 2.30 and a current ratio of 5.28. The stock’s fifty day moving average is $261.06 and its two-hundred day moving average is $221.42.

FTAI Aviation (NASDAQ:FTAI) last issued its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). The firm had revenue of $662.03 million during the quarter, compared to analyst estimates of $710.37 million. FTAI Aviation had a return on equity of 257.07% and a net margin of 19.98%.The business’s quarterly revenue was up 32.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.84 EPS. Analysts forecast that FTAI Aviation Ltd. will post 7.21 earnings per share for the current year.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 23rd. Investors of record on Friday, March 13th were paid a $0.40 dividend. The ex-dividend date was Friday, March 13th. This represents a $1.60 annualized dividend and a dividend yield of 0.7%. FTAI Aviation’s payout ratio is 34.63%.

Institutional Investors Weigh In On FTAI Aviation

A number of hedge funds have recently bought and sold shares of FTAI. Capital International Investors raised its position in shares of FTAI Aviation by 0.7% in the 3rd quarter. Capital International Investors now owns 13,895,852 shares of the financial services provider’s stock valued at $2,318,615,000 after purchasing an additional 94,383 shares in the last quarter. Capital World Investors increased its stake in shares of FTAI Aviation by 41.1% in the fourth quarter. Capital World Investors now owns 8,916,830 shares of the financial services provider’s stock worth $1,755,290,000 after buying an additional 2,596,265 shares during the last quarter. Rubric Capital Management LP increased its stake in shares of FTAI Aviation by 10.1% in the fourth quarter. Rubric Capital Management LP now owns 3,700,000 shares of the financial services provider’s stock worth $728,345,000 after buying an additional 339,447 shares during the last quarter. Westfield Capital Management Co. LP raised its holdings in FTAI Aviation by 10.3% in the fourth quarter. Westfield Capital Management Co. LP now owns 2,350,625 shares of the financial services provider’s stock valued at $462,721,000 after acquiring an additional 220,384 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in FTAI Aviation by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 2,004,963 shares of the financial services provider’s stock valued at $394,757,000 after acquiring an additional 71,271 shares during the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.

FTAI Aviation Company Profile

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.