FTAI Aviation (NYSE:FTAI) Hits New 1-Year High – What’s Next?

FTAI Aviation Ltd. (NYSE:FTAI)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $150.00 and last traded at $150.00, with a volume of 6094 shares changing hands. The stock had previously closed at $149.02.

Wall Street Analysts Forecast Growth

FTAI has been the topic of several recent research reports. BTIG Research started coverage on shares of FTAI Aviation in a research report on Monday, August 26th. They set a “buy” rating and a $140.00 target price on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on FTAI Aviation from $125.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Citigroup upped their price target on FTAI Aviation from $134.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, October 28th. JMP Securities boosted their price target on shares of FTAI Aviation from $90.00 to $132.00 and gave the stock a “market outperform” rating in a research report on Thursday, July 25th. Finally, Wolfe Research cut shares of FTAI Aviation from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $162.09.

FTAI Aviation Stock Up 0.8 %

The firm has a market capitalization of $15.36 billion, a P/E ratio of -1,490.05 and a beta of 2.04. The business’s 50-day simple moving average is $133.82 and its 200 day simple moving average is $108.06.

FTAI Aviation (NYSE:FTAI) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.01). FTAI Aviation had a return on equity of 198.02% and a net margin of 1.59%. The firm had revenue of $465.80 million during the quarter, compared to analysts’ expectations of $422.45 million. During the same period in the previous year, the firm earned $0.33 earnings per share. The firm’s quarterly revenue was up 60.0% compared to the same quarter last year. Sell-side analysts predict that FTAI Aviation Ltd. will post 2.17 earnings per share for the current year.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 0.80%. FTAI Aviation’s dividend payout ratio is presently -1,199.88%.

Institutional Investors Weigh In On FTAI Aviation

Several institutional investors and hedge funds have recently bought and sold shares of the business. Arcadia Investment Management Corp MI bought a new position in FTAI Aviation in the second quarter worth about $33,000. Farther Finance Advisors LLC lifted its stake in shares of 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 purchasing an additional 189 shares during the period. Ridgewood Investments LLC bought a new stake in shares of FTAI Aviation during the second quarter valued at approximately $59,000. EverSource Wealth Advisors LLC grew its stake in FTAI Aviation by 165.0% in the first quarter. EverSource Wealth Advisors LLC now owns 2,875 shares of the financial services provider’s stock worth $202,000 after purchasing an additional 1,790 shares during the period. Finally, RiverPark Advisors LLC bought a new position in FTAI Aviation in the second quarter worth $202,000. 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.