FTAI Aviation (NYSE:FTAI) Shares Up 8.3% – Here’s Why

Shares of FTAI Aviation Ltd. (NYSE:FTAI) shot up 8.3% during mid-day trading on Tuesday . The stock traded as high as $104.39 and last traded at $105.79. 932,925 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 1,579,678 shares. The stock had previously closed at $97.69.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on FTAI shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $160.00 price objective on shares of FTAI Aviation in a report on Wednesday, January 22nd. Citigroup reiterated a “buy” rating on shares of FTAI Aviation in a research note on Thursday, March 6th. BTIG Research raised their price objective on FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. Wolfe Research raised FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 target price for the company in a research report on Friday, January 10th. Finally, Barclays increased their price target on FTAI Aviation from $135.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $173.67.

FTAI Aviation Stock Up 8.1 %

The firm has a 50-day moving average price of $122.84 and a two-hundred day moving average price of $134.31. The company has a market capitalization of $10.83 billion, a P/E ratio of -1,055.69 and a beta of 2.06.

FTAI Aviation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 14th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Friday, March 14th. FTAI Aviation’s dividend payout ratio (DPR) is presently -342.86%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FTAI. Farther Finance Advisors LLC raised its holdings in FTAI Aviation by 118.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 189 shares in the last quarter. Atria Investments Inc grew its holdings in shares of FTAI Aviation by 3.9% during the 3rd quarter. Atria Investments Inc now owns 6,630 shares of the financial services provider’s stock worth $881,000 after purchasing an additional 251 shares in the last quarter. Axxcess Wealth Management LLC bought a new stake in shares of FTAI Aviation during the third quarter valued at approximately $479,000. Los Angeles Capital Management LLC acquired a new position in shares of FTAI Aviation in the third quarter valued at $1,131,000. Finally, Chartwell Investment Partners LLC lifted its position in FTAI Aviation by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 34,068 shares of the financial services provider’s stock worth $4,528,000 after purchasing an additional 276 shares during the period. Institutional investors and hedge funds 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.