FTAI Aviation (NYSE:FTAI) Downgraded by StockNews.com

StockNews.com downgraded shares of FTAI Aviation (NYSE:FTAI) from a hold rating to a sell rating in a research note issued to investors on Friday.

FTAI has been the topic of a number of other research reports. Morgan Stanley lifted their price target on shares of FTAI Aviation from $58.00 to $70.00 and gave the stock an overweight rating in a report on Tuesday, February 27th. Benchmark boosted their target price on shares of FTAI Aviation from $45.00 to $100.00 and gave the company a buy rating in a report on Friday, March 15th. Stifel Nicolaus reissued a hold rating and set a $59.00 target price (up previously from $40.00) on shares of FTAI Aviation in a report on Monday, February 26th. Finally, Barclays boosted their target price on shares of FTAI Aviation from $62.00 to $80.00 and gave the company an overweight rating in a report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $54.25.

FTAI Aviation Stock Performance

FTAI stock opened at $71.08 on Friday. The company has a market capitalization of $7.13 billion, a P/E ratio of 33.85 and a beta of 1.90. FTAI Aviation has a 52-week low of $26.58 and a 52-week high of $73.54. The business has a 50-day simple moving average of $60.51 and a two-hundred day simple moving average of $48.88.

FTAI Aviation (NYSE:FTAI) last announced its earnings results on Thursday, February 22nd. The financial services provider reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.72. FTAI Aviation had a return on equity of 223.80% and a net margin of 20.82%. The firm had revenue of $312.74 million for the quarter, compared to the consensus estimate of $310.04 million. During the same quarter in the previous year, the business earned $0.20 EPS. The company’s revenue was up 14.0% compared to the same quarter last year. As a group, sell-side analysts forecast that FTAI Aviation will post 2.43 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Friday, March 8th were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, March 7th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.69%. FTAI Aviation’s dividend payout ratio (DPR) is currently 57.14%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FTAI. BlackRock Inc. grew its stake in shares of FTAI Aviation by 291.1% during the second quarter. BlackRock Inc. now owns 6,706,655 shares of the financial services provider’s stock valued at $212,333,000 after buying an additional 4,991,674 shares during the last quarter. FMR LLC grew its stake in shares of FTAI Aviation by 179.7% during the third quarter. FMR LLC now owns 6,216,983 shares of the financial services provider’s stock valued at $221,014,000 after buying an additional 3,994,578 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of FTAI Aviation by 131.9% during the first quarter. Ameriprise Financial Inc. now owns 2,627,978 shares of the financial services provider’s stock valued at $73,478,000 after buying an additional 1,494,515 shares during the last quarter. State Street Corp grew its stake in shares of FTAI Aviation by 307.0% during the second quarter. State Street Corp now owns 1,915,031 shares of the financial services provider’s stock valued at $60,630,000 after buying an additional 1,444,455 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its stake in shares of FTAI Aviation by 90.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,858,682 shares of the financial services provider’s stock worth $132,643,000 after purchasing an additional 1,359,302 shares during the last quarter. 88.96% of the stock is owned by institutional investors.

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.