FTAI Aviation Ltd. (NYSE:FTAI) Receives $88.50 Average PT from Brokerages

Shares of FTAI Aviation Ltd. (NYSE:FTAI) have been given an average recommendation of “Moderate Buy” by the twelve analysts that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $88.50.

Several research firms have commented on FTAI. JMP Securities increased their price target on shares of FTAI Aviation from $66.00 to $85.00 and gave the company a “market outperform” rating in a research report on Monday, April 29th. Royal Bank of Canada increased their price target on shares of FTAI Aviation from $85.00 to $95.00 and gave the company an “outperform” rating in a research report on Friday, June 7th. Benchmark reissued a “buy” rating and set a $100.00 price target on shares of FTAI Aviation in a research report on Friday, June 7th. Deutsche Bank Aktiengesellschaft increased their price target on shares of FTAI Aviation from $84.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, May 30th. Finally, Citigroup increased their price target on shares of FTAI Aviation from $81.00 to $99.00 and gave the company a “buy” rating in a research report on Tuesday, June 11th.

FTAI Aviation Price Performance

Shares of FTAI Aviation stock opened at $102.06 on Monday. FTAI Aviation has a 1 year low of $31.73 and a 1 year high of $111.02. The firm’s 50-day moving average is $91.16 and its two-hundred day moving average is $71.55. The stock has a market cap of $10.23 billion, a price-to-earnings ratio of 46.60 and a beta of 2.03.

FTAI Aviation (NYSE:FTAI) last issued its earnings results on Thursday, April 25th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.06). FTAI Aviation had a return on equity of 188.45% and a net margin of 21.08%. The business had revenue of $326.70 million for the quarter, compared to the consensus estimate of $302.07 million. During the same quarter in the previous year, the company earned $0.22 earnings per share. The firm’s revenue was up 11.6% on a year-over-year basis. On average, equities analysts expect that FTAI Aviation will post 2.04 earnings per share for the current year.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Friday, May 10th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Thursday, May 9th. FTAI Aviation’s dividend payout ratio is presently 54.79%.

Insiders Place Their Bets

In other FTAI Aviation news, CEO Joseph P. Jr. Adams purchased 59,000 shares of FTAI Aviation stock in a transaction on Thursday, May 30th. The stock was bought at an average cost of $82.00 per share, with a total value of $4,838,000.00. Following the transaction, the chief executive officer now owns 197,382 shares of the company’s stock, valued at approximately $16,185,324. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On FTAI Aviation

A number of institutional investors have recently bought and sold shares of the business. Capital International Investors acquired a new stake in shares of FTAI Aviation during the 1st quarter worth approximately $274,052,000. CIBC Private Wealth Group LLC grew its stake in shares of FTAI Aviation by 90.7% during the 4th 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 period. Norges Bank acquired a new stake in shares of FTAI Aviation during the 4th quarter worth approximately $55,039,000. Price T Rowe Associates Inc. MD grew its stake in shares of FTAI Aviation by 1,488.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 867,963 shares of the financial services provider’s stock worth $58,415,000 after purchasing an additional 813,311 shares during the period. Finally, Pingora Partners LLC acquired a new stake in shares of FTAI Aviation during the 4th quarter worth approximately $29,147,000. 88.96% of the stock is owned by hedge funds and other institutional investors.

About FTAI Aviation

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.