FTAI Aviation Ltd. (NYSE:FTAI) Shares Acquired by Arizona State Retirement System

Arizona State Retirement System grew its stake in FTAI Aviation Ltd. (NYSE:FTAI) by 2.7% in the fourth quarter, Holdings Channel reports. The fund owned 29,656 shares of the financial services provider’s stock after purchasing an additional 791 shares during the period. Arizona State Retirement System’s holdings in FTAI Aviation were worth $4,272,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brown Brothers Harriman & Co. acquired a new stake in shares of FTAI Aviation in the 3rd quarter worth $26,000. Anchor Investment Management LLC purchased a new position in shares of FTAI Aviation during the 3rd quarter worth $31,000. Private Trust Co. NA grew its holdings in shares of FTAI Aviation by 221.1% during the 4th quarter. Private Trust Co. NA now owns 244 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 168 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of FTAI Aviation during the 4th quarter worth $36,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of FTAI Aviation by 118.1% during the 3rd 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 period. 88.96% of the stock is owned by institutional investors and hedge funds.

FTAI Aviation Price Performance

Shares of FTAI Aviation stock opened at $104.22 on Friday. The business has a 50-day moving average of $123.42 and a 200 day moving average of $134.35. FTAI Aviation Ltd. has a 12 month low of $54.84 and a 12 month high of $181.64. The stock has a market capitalization of $10.69 billion, a price-to-earnings ratio of -1,042.10 and a beta of 2.06.

FTAI Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 14th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Friday, March 14th. FTAI Aviation’s payout ratio is presently -342.86%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on FTAI shares. Compass Point increased their price target on FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. BTIG Research increased their price target on FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, December 31st. Royal Bank of Canada reiterated an “outperform” rating and set a $160.00 price target on shares of FTAI Aviation in a report on Wednesday, January 22nd. Stifel Nicolaus reiterated a “hold” rating and set a $123.00 price target (up from $100.00) on shares of FTAI Aviation in a report on Monday, March 3rd. Finally, Barclays increased their price target on FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $173.67.

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.