FTAI Aviation (NYSE:FTAI) Trading 8.3% Higher – Still a Buy?

FTAI Aviation Ltd. (NYSE:FTAI) was up 8.3% during mid-day trading on Tuesday . The company traded as high as $104.39 and last traded at $105.79. Approximately 932,925 shares changed hands during trading, a decline of 41% from the average daily volume of 1,579,678 shares. The stock had previously closed at $97.69.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Royal Bank of Canada reiterated an “outperform” rating and set a $160.00 price target on shares of FTAI Aviation in a research report on Wednesday, January 22nd. StockNews.com upgraded shares of FTAI Aviation to a “sell” rating in a research report on Friday, February 28th. Compass Point upped their price target on shares of FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. 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 note on Friday, January 10th. Finally, BTIG Research increased their target price on shares of FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $173.67.

FTAI Aviation Price Performance

The firm has a market cap of $10.83 billion, a PE ratio of -1,055.69 and a beta of 2.06. The business has a fifty day moving average price of $122.84 and a two-hundred day moving average price of $134.31.

FTAI Aviation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, March 14th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Friday, March 14th. FTAI Aviation’s payout ratio is presently -342.86%.

Institutional Investors Weigh In On FTAI Aviation

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Orion Portfolio Solutions LLC raised its holdings in shares of FTAI Aviation by 2.9% during the third quarter. Orion Portfolio Solutions LLC now owns 3,634 shares of the financial services provider’s stock worth $483,000 after acquiring an additional 102 shares in the last quarter. Merit Financial Group LLC increased its position in FTAI Aviation by 2.5% in the 4th quarter. Merit Financial Group LLC now owns 4,256 shares of the financial services provider’s stock worth $613,000 after purchasing an additional 105 shares during the last quarter. MML Investors Services LLC raised its stake in shares of FTAI Aviation by 6.3% during the 3rd quarter. MML Investors Services LLC now owns 2,166 shares of the financial services provider’s stock worth $288,000 after purchasing an additional 129 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of FTAI Aviation by 4.5% during the 4th quarter. CIBC Asset Management Inc now owns 3,389 shares of the financial services provider’s stock valued at $488,000 after buying an additional 147 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of FTAI Aviation by 7.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,405 shares of the financial services provider’s stock valued at $346,000 after buying an additional 161 shares during the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

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.