9,506 Shares in FTAI Aviation Ltd. (NYSE:FTAI) Purchased by Cibc World Markets Corp

Cibc World Markets Corp bought a new stake in FTAI Aviation Ltd. (NYSE:FTAI) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 9,506 shares of the financial services provider’s stock, valued at approximately $1,369,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brown Brothers Harriman & Co. acquired a new position in shares of FTAI Aviation in the third quarter valued at approximately $26,000. Anchor Investment Management LLC acquired a new position in shares of FTAI Aviation in the third quarter worth $31,000. Private Trust Co. NA increased its position in shares of FTAI Aviation by 221.1% during the fourth quarter. Private Trust Co. NA now owns 244 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 168 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of FTAI Aviation in the fourth quarter valued at $36,000. Finally, Blue Trust Inc. purchased a new position in FTAI Aviation in the fourth quarter valued at $56,000. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on FTAI shares. BTIG Research increased their price target on FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, December 31st. StockNews.com raised shares of FTAI Aviation to a “sell” rating in a report on Saturday, March 15th. Barclays boosted their price target on shares of FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Wolfe Research raised shares of FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective on the stock in a research report on Friday, January 10th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $123.00 price objective (up from $100.00) on shares of FTAI Aviation in a research report on Monday, March 3rd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, FTAI Aviation presently has an average rating of “Moderate Buy” and a consensus price target of $173.67.

FTAI Aviation Price Performance

NYSE FTAI opened at $107.23 on Friday. The company has a fifty day moving average of $113.51 and a two-hundred day moving average of $133.00. The company has a market capitalization of $11.00 billion, a PE ratio of -1,072.19 and a beta of 2.06. FTAI Aviation Ltd. has a 1 year low of $64.04 and a 1 year high of $181.64.

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, March 14th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.12%. FTAI Aviation’s dividend payout ratio (DPR) is presently -342.86%.

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.