FTAI Aviation (NYSE:FTAI) Stock Rating Reaffirmed by Benchmark

Benchmark restated their buy rating on shares of FTAI Aviation (NYSE:FTAI) in a research note released on Thursday, Benzinga reports. They currently have a $100.00 price target on the financial services provider’s stock.

Other analysts have also recently issued research reports about the stock. StockNews.com cut shares of FTAI Aviation from a hold rating to a sell rating in a research report on Friday, April 12th. Stifel Nicolaus boosted their price objective on FTAI Aviation from $59.00 to $66.00 and gave the company a hold rating in a research report on Monday, April 29th. Compass Point raised their target price on shares of FTAI Aviation from $71.00 to $88.00 and gave the stock a buy rating in a report on Friday, April 26th. Morgan Stanley upped their price target on shares of FTAI Aviation from $58.00 to $70.00 and gave the company an overweight rating in a report on Tuesday, February 27th. Finally, JMP Securities raised their price objective on shares of FTAI Aviation from $66.00 to $85.00 and gave the stock a market outperform rating in a report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $68.95.

FTAI Aviation Stock Up 3.7 %

NYSE FTAI traded up $2.81 during trading hours on Thursday, hitting $78.32. The company’s stock had a trading volume of 1,315,806 shares, compared to its average volume of 1,061,687. The stock has a fifty day moving average of $65.87 and a 200 day moving average of $52.57. FTAI Aviation has a twelve month low of $26.82 and a twelve month high of $79.60. The firm has a market capitalization of $7.85 billion, a P/E ratio of 34.48 and a beta of 1.90.

FTAI Aviation (NYSE:FTAI) last announced its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.06). FTAI Aviation had a return on equity of 188.45% and a net margin of 21.08%. The company had revenue of $326.70 million for the quarter, compared to analyst estimates of $302.07 million. During the same period last year, the firm earned $0.22 earnings per share. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. On average, analysts predict that FTAI Aviation will post 1.88 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Friday, May 10th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.53%. FTAI Aviation’s dividend payout ratio is 54.79%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FTAI. FMR LLC raised its stake in FTAI Aviation by 179.7% in 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 period. CIBC Private Wealth Group LLC increased its stake in shares of FTAI Aviation by 90.7% during 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 period. Norges Bank bought a new stake in shares of FTAI Aviation in the fourth quarter valued at about $55,039,000. Healthcare of Ontario Pension Plan Trust Fund raised its stake in FTAI Aviation by 36.8% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,736,600 shares of the financial services provider’s stock worth $97,286,000 after purchasing an additional 736,400 shares in the last quarter. Finally, Pingora Partners LLC bought a new stake in FTAI Aviation in the 4th quarter valued at about $29,147,000. 88.96% of the stock is owned by institutional investors and hedge funds.

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.