FTAI Aviation (NYSE:FTAI) Stock Price Down 5.4% – Here’s Why

Shares of FTAI Aviation Ltd. (NYSE:FTAIGet Free Report) fell 5.4% during trading on Tuesday . The company traded as low as $154.70 and last traded at $155.66. 832,030 shares changed hands during trading, a decline of 55% from the average session volume of 1,828,734 shares. The stock had previously closed at $164.57.

Analysts Set New Price Targets

A number of research firms have commented on FTAI. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of FTAI Aviation from $125.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Morgan Stanley reaffirmed an “underperform” rating on shares of FTAI Aviation in a research report on Friday, October 18th. Jefferies Financial Group upped their price objective on shares of FTAI Aviation from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. BTIG Research upped their price objective on shares of FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. Finally, Barclays boosted their target price on FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Two research analysts have rated the stock with a sell rating and eleven have given a buy rating to the company. According to MarketBeat, FTAI Aviation presently has a consensus rating of “Moderate Buy” and a consensus target price of $177.33.

Check Out Our Latest Report on FTAI

FTAI Aviation Stock Performance

The stock has a market capitalization of $15.85 billion, a P/E ratio of -1,545.75 and a beta of 2.09. The business has a fifty day simple moving average of $152.37 and a 200-day simple moving average of $132.08.

FTAI Aviation (NYSE:FTAIGet Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). The business had revenue of $465.80 million for the quarter, compared to the consensus estimate of $422.45 million. FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. FTAI Aviation’s quarterly revenue was up 60.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.33 earnings per share. On average, sell-side analysts anticipate that FTAI Aviation Ltd. will post 2.21 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date was Thursday, November 14th. FTAI Aviation’s dividend payout ratio is currently -1,200.00%.

Hedge Funds Weigh In On FTAI Aviation

A number of large investors have recently modified their holdings of the company. Oppenheimer & Co. Inc. raised its position in FTAI Aviation by 96.8% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 8,349 shares of the financial services provider’s stock valued at $1,110,000 after buying an additional 4,106 shares during the last quarter. Concurrent Investment Advisors LLC purchased a new stake in shares of FTAI Aviation during the 3rd quarter valued at $498,000. Diversified Trust Co purchased a new stake in shares of FTAI Aviation during the 3rd quarter valued at $1,738,000. Luxor Capital Group LP purchased a new stake in shares of FTAI Aviation during the 3rd quarter valued at $1,298,000. Finally, Franklin Resources Inc. increased its position in shares of FTAI Aviation by 102.8% during the 3rd quarter. Franklin Resources Inc. now owns 411,476 shares of the financial services provider’s stock valued at $54,685,000 after purchasing an additional 208,613 shares during the last quarter. 88.96% of the stock is currently owned by institutional investors.

FTAI Aviation Company Profile

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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.

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