Aircastle Limited (NYSE:AYR) has received a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $24.25.
A number of brokerages have commented on AYR. Wells Fargo & Company restated a “market perform” rating and set a $24.00 price objective (down from $26.00) on shares of Aircastle Limited in a research report on Thursday, May 25th. Royal Bank of Canada restated a “hold” rating and set a $25.00 price objective on shares of Aircastle Limited in a research report on Friday, April 21st. Zacks Investment Research upgraded Aircastle Limited from a “hold” rating to a “strong-buy” rating and set a $29.00 price objective for the company in a research report on Friday, February 17th. Bank of America Corporation upgraded Aircastle Limited from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $25.98 to $26.00 in a research report on Tuesday, February 28th. Finally, FBR & Co decreased their price objective on Aircastle Limited from $27.50 to $26.00 and set a “market perform” rating for the company in a research report on Thursday, May 4th.
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Several large investors have recently made changes to their positions in AYR. Vanguard Group Inc. raised its stake in shares of Aircastle Limited by 3.2% in the first quarter. Vanguard Group Inc. now owns 5,629,041 shares of the transportation company’s stock valued at $135,829,000 after buying an additional 176,874 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Aircastle Limited by 6.9% in the first quarter. Dimensional Fund Advisors LP now owns 4,629,739 shares of the transportation company’s stock valued at $111,716,000 after buying an additional 297,984 shares in the last quarter. LSV Asset Management raised its stake in shares of Aircastle Limited by 1.1% in the first quarter. LSV Asset Management now owns 3,909,745 shares of the transportation company’s stock valued at $94,342,000 after buying an additional 43,254 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of Aircastle Limited by 7.4% in the first quarter. Advisors Asset Management Inc. now owns 1,271,262 shares of the transportation company’s stock valued at $30,676,000 after buying an additional 87,699 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Aircastle Limited by 4.8% in the first quarter. State Street Corp now owns 1,080,807 shares of the transportation company’s stock valued at $26,079,000 after buying an additional 49,617 shares in the last quarter. Institutional investors and hedge funds own 63.44% of the company’s stock.
Shares of Aircastle Limited (AYR) traded up 0.64% on Tuesday, hitting $21.94. 689,408 shares of the stock traded hands. Aircastle Limited has a one year low of $18.26 and a one year high of $25.98. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 10.97 and a beta of 1.81. The company’s 50 day moving average is $22.33 and its 200 day moving average is $22.69.
Aircastle Limited (NYSE:AYR) last announced its quarterly earnings data on Thursday, May 4th. The transportation company reported $0.58 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.58. Aircastle Limited had a return on equity of 8.88% and a net margin of 19.81%. The firm had revenue of $204.30 million during the quarter, compared to analyst estimates of $204.22 million. During the same period last year, the company posted $0.56 EPS. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. On average, equities analysts forecast that Aircastle Limited will post $2.41 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Wednesday, May 31st were issued a dividend of $0.26 per share. The ex-dividend date was Friday, May 26th. This represents a $1.04 annualized dividend and a dividend yield of 4.74%. Aircastle Limited’s dividend payout ratio is 52.00%.
About Aircastle Limited
Aircastle Limited is a holding company. The Company, through its subsidiaries, acquires, leases and sells commercial jet aircrafts to airlines. The Company is engaged in financing and managing commercial flight equipment. The Company manages its aircrafts in the United States, Ireland and Singapore. As of December 31, 2016, the Company owned and managed on behalf of its joint ventures 206 aircrafts leased to 71 lessees located in 36 countries.
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