FTAI Aviation (NYSE:FTAI) Stock Price Down 3.7% – Should You Sell?

FTAI Aviation Ltd. (NYSE:FTAI)’s share price traded down 3.7% during mid-day trading on Friday . The stock traded as low as $97.63 and last traded at $97.74. 1,800,219 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 5,681,344 shares. The stock had previously closed at $101.50.

Wall Street Analysts Forecast Growth

FTAI has been the topic of several recent research reports. StockNews.com upgraded shares of FTAI Aviation to a “sell” rating in a research report on Tuesday. Stifel Nicolaus reduced their price objective on shares of FTAI Aviation from $167.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday. Jefferies Financial Group raised their target price on FTAI Aviation from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Benchmark upped their price target on FTAI Aviation from $150.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Compass Point raised their price objective on FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Two analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $171.75.

FTAI Aviation Stock Down 6.2 %

The firm has a market capitalization of $9.76 billion, a P/E ratio of -951.30 and a beta of 2.09. The company’s 50 day moving average is $145.37 and its 200-day moving average is $132.02.

FTAI Aviation (NYSE:FTAI) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.01). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The firm had revenue of $465.80 million during the quarter, compared to analyst estimates of $422.45 million. During the same quarter in the prior year, the business earned $0.33 earnings per share. The business’s quarterly revenue was up 60.0% on a year-over-year basis. On average, analysts predict that FTAI Aviation Ltd. will post 2.21 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Thursday, November 14th. FTAI Aviation’s dividend payout ratio is currently -1,199.88%.

Institutional Trading of FTAI Aviation

Hedge funds have recently bought and sold shares of the business. Brown Brothers Harriman & Co. acquired a new position in FTAI Aviation during the 3rd quarter valued at about $26,000. Anchor Investment Management LLC bought a new position in shares of FTAI Aviation in the third quarter valued at approximately $31,000. Farther Finance Advisors LLC boosted its position in shares of FTAI Aviation by 118.1% during the third quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock valued at $46,000 after buying an additional 189 shares during the last quarter. USA Financial Formulas bought a new stake in FTAI Aviation during the fourth quarter worth $93,000. Finally, Raymond James Trust N.A. purchased a new stake in FTAI Aviation in the 3rd quarter valued at $200,000. 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.