FTAI Aviation (NYSE:FTAI) Shares Down 5.8% – Here’s Why

FTAI Aviation Ltd. (NYSE:FTAI)’s stock price was down 5.8% during mid-day trading on Thursday . The company traded as low as $140.61 and last traded at $140.98. Approximately 759,052 shares traded hands during mid-day trading, a decline of 27% from the average daily volume of 1,043,502 shares. The stock had previously closed at $149.67.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on FTAI shares. Barclays upped their price objective on shares of FTAI Aviation from $135.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Citigroup upped their price target on shares of FTAI Aviation from $134.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Royal Bank of Canada reiterated an “outperform” rating and issued a $160.00 price target on shares of FTAI Aviation in a report on Friday, November 1st. Benchmark upped their price objective on FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft increased their target price on FTAI Aviation from $125.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $166.18.

FTAI Aviation Price Performance

The company has a market cap of $13.51 billion, a price-to-earnings ratio of -1,317.07 and a beta of 2.06. The company’s 50-day simple moving average is $152.48 and its 200-day simple moving average is $123.43.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $422.45 million. During the same period in the previous year, the business posted $0.33 earnings per share. FTAI Aviation’s revenue for the quarter was up 60.0% on a year-over-year basis. Equities analysts predict that FTAI Aviation Ltd. will post 2.21 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date was Thursday, November 14th. FTAI Aviation’s payout ratio is -1,199.88%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Brown Brothers Harriman & Co. acquired a new position in shares of FTAI Aviation in the 3rd quarter valued at approximately $26,000. Anchor Investment Management LLC bought a new stake in shares of FTAI Aviation in the 3rd quarter worth about $31,000. Arcadia Investment Management Corp MI acquired a new stake in shares of FTAI Aviation in the 2nd quarter valued at about $33,000. Farther Finance Advisors LLC lifted 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 worth $46,000 after purchasing an additional 189 shares during the last quarter. Finally, Ridgewood Investments LLC acquired a new position in FTAI Aviation in the second quarter worth about $59,000. Hedge funds and other institutional investors 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.