Royal Bank of Canada Initiates Coverage on FTAI Aviation (NYSE:FTAI)

Royal Bank of Canada began coverage on shares of FTAI Aviation (NYSE:FTAI) in a report issued on Friday morning, Marketbeat Ratings reports. The firm issued an outperform rating and a $85.00 price objective on the financial services provider’s stock.

FTAI has been the subject of several other research reports. Compass Point increased their target price on FTAI Aviation from $71.00 to $88.00 and gave the stock a buy rating in a research report on Friday, April 26th. Barclays increased their target price on FTAI Aviation from $62.00 to $80.00 and gave the stock an overweight rating in a research report on Thursday, April 4th. Stifel Nicolaus increased their price target on FTAI Aviation from $59.00 to $66.00 and gave the company a hold rating in a research note on Monday, April 29th. JMP Securities raised their price objective on FTAI Aviation from $66.00 to $85.00 and gave the company a market outperform rating in a research note on Monday, April 29th. Finally, StockNews.com lowered FTAI Aviation from a hold rating to a sell rating in a research note on Friday, April 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $68.95.

FTAI Aviation Stock Up 3.7 %

Shares of FTAI opened at $78.32 on Friday. The business has a 50-day simple moving average of $65.87 and a two-hundred day simple moving average of $52.83. The stock has a market cap of $7.85 billion, a price-to-earnings ratio of 35.76 and a beta of 1.90. FTAI Aviation has a 52 week low of $26.82 and a 52 week high of $79.60.

FTAI Aviation (NYSE:FTAI) last released its earnings results on Thursday, April 25th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.06). FTAI Aviation had a return on equity of 188.45% and a net margin of 21.08%. The business had revenue of $326.70 million for the quarter, compared to analysts’ expectations of $302.07 million. During the same quarter in the prior year, the business posted $0.22 EPS. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. On average, equities analysts anticipate that FTAI Aviation will post 1.88 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Friday, May 10th will be issued a $0.30 dividend. The ex-dividend date is Thursday, May 9th. This represents a $1.20 annualized dividend and a dividend yield of 1.53%. FTAI Aviation’s payout ratio is 54.79%.

Institutional Investors Weigh In On FTAI Aviation

Several hedge funds and other institutional investors have recently modified their holdings of FTAI. Public Employees Retirement System of Ohio increased its holdings in FTAI Aviation by 37.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 848 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 231 shares during the period. CWM LLC purchased a new position in FTAI Aviation during the 4th quarter worth $43,000. USA Financial Formulas increased its holdings in FTAI Aviation by 1,684.6% during the 4th quarter. USA Financial Formulas now owns 1,624 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 1,533 shares during the period. Tucker Asset Management LLC increased its holdings in FTAI Aviation by 726.5% during the 4th quarter. Tucker Asset Management LLC now owns 1,653 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 1,453 shares during the period. Finally, Operose Advisors LLC purchased a new position in FTAI Aviation during the 3rd quarter worth $75,000. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

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.