FTAI Aviation Ltd. (NYSE:FTAI) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of FTAI Aviation Ltd. (NYSE:FTAI) have been given a consensus rating of “Moderate Buy” by the twelve analysts that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $172.83.

Several research firms have recently weighed in on FTAI. Stifel Nicolaus restated a “hold” rating and set a $123.00 price objective (up previously from $100.00) on shares of FTAI Aviation in a research report on Monday, March 3rd. Citigroup restated a “buy” rating on shares of FTAI Aviation in a report on Thursday, March 6th. 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 report on Friday, January 10th. Royal Bank of Canada reissued an “outperform” rating and set a $160.00 price objective on shares of FTAI Aviation in a research note on Wednesday, January 22nd. Finally, BTIG Research boosted their target price on FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st.

Institutional Trading of FTAI Aviation

A number of hedge funds have recently made changes to their positions in FTAI. Versant Capital Management Inc grew its position in FTAI Aviation by 420.9% during the first quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 181 shares in the last quarter. Virtus Fund Advisers LLC purchased a new position in shares of FTAI Aviation during the 4th quarter valued at $26,000. Transce3nd LLC acquired a new position in shares of FTAI Aviation in the fourth quarter worth $29,000. Kapitalo Investimentos Ltda purchased a new stake in shares of FTAI Aviation during the fourth quarter worth $30,000. Finally, Anchor Investment Management LLC acquired a new stake in FTAI Aviation during the third quarter valued at $31,000. 88.96% of the stock is owned by hedge funds and other institutional investors.

FTAI Aviation Trading Up 5.4 %

FTAI stock opened at $92.04 on Wednesday. The company has a market capitalization of $9.44 billion, a price-to-earnings ratio of -920.31 and a beta of 1.79. FTAI Aviation has a 52 week low of $69.01 and a 52 week high of $181.64. The firm’s 50-day moving average is $109.09 and its two-hundred day moving average is $129.02.

FTAI Aviation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 14th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.30%. FTAI Aviation’s payout ratio 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.