FTAI Aviation (NYSE:FTAI) Shares Down 3.7% – What’s Next?

FTAI Aviation Ltd. (NYSE:FTAI) shares traded down 3.7% during trading on Friday . The company traded as low as $97.63 and last traded at $97.74. 1,800,219 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 5,681,344 shares. The stock had previously closed at $101.50.

Analyst Upgrades and Downgrades

FTAI has been the subject of a number of research analyst reports. Benchmark boosted their target price on FTAI Aviation from $150.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, November 1st. BTIG Research lifted their price target on shares of FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. Deutsche Bank Aktiengesellschaft increased their price objective on shares of FTAI Aviation from $125.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Stifel Nicolaus reduced their target price on shares of FTAI Aviation from $167.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Wolfe Research raised FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price target on the stock in a research note on Friday, January 10th. Two analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $171.75.

FTAI Aviation Price Performance

The stock has a market cap of $9.76 billion, a price-to-earnings ratio of -951.30 and a beta of 2.09. The business has a 50-day simple moving average of $145.37 and a two-hundred day simple moving average of $132.02.

FTAI Aviation (NYSE:FTAI) last posted 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 business had revenue of $465.80 million during the quarter, compared to the consensus estimate of $422.45 million. During the same quarter last year, the company posted $0.33 EPS. The firm’s revenue was up 60.0% on a year-over-year basis. As a group, equities analysts anticipate that FTAI Aviation Ltd. will post 2.21 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend was Thursday, November 14th. FTAI Aviation’s payout ratio is -1,199.88%.

Institutional Investors Weigh In On FTAI Aviation

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Brown Brothers Harriman & Co. acquired a new stake in FTAI Aviation during the third quarter worth approximately $26,000. Anchor Investment Management LLC bought a new stake in FTAI Aviation during the third quarter worth about $31,000. Farther Finance Advisors LLC grew its stake in 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 buying an additional 189 shares in the last quarter. USA Financial Formulas bought a new position in FTAI Aviation in the 4th quarter valued at about $93,000. Finally, Raymond James Trust N.A. acquired a new position in shares of FTAI Aviation in the 3rd quarter valued at approximately $200,000. Institutional investors and hedge funds own 88.96% of the company’s stock.

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.