American Assets Capital Advisers LLC Cuts Position in FTAI Aviation Ltd. (NYSE:FTAI)

American Assets Capital Advisers LLC reduced its stake in FTAI Aviation Ltd. (NYSE:FTAI) by 35.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,123 shares of the financial services provider’s stock after selling 49,181 shares during the period. FTAI Aviation accounts for 4.3% of American Assets Capital Advisers LLC’s portfolio, making the stock its 9th largest position. American Assets Capital Advisers LLC owned approximately 0.09% of FTAI Aviation worth $12,981,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of FTAI. Brown Brothers Harriman & Co. bought a new stake in shares of FTAI Aviation during the 3rd quarter valued at $26,000. Anchor Investment Management LLC bought a new stake in FTAI Aviation during the third quarter worth about $31,000. Private Trust Co. NA grew its holdings in FTAI Aviation by 221.1% in the fourth quarter. Private Trust Co. NA now owns 244 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 168 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of FTAI Aviation during the fourth quarter valued at approximately $36,000. Finally, Blue Trust Inc. purchased a new position in shares of FTAI Aviation during the fourth quarter valued at approximately $56,000. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

FTAI Aviation Stock Performance

FTAI Aviation stock opened at $104.31 on Friday. FTAI Aviation Ltd. has a one year low of $58.41 and a one year high of $181.64. The stock has a fifty day moving average of $119.45 and a 200 day moving average of $133.71. The stock has a market cap of $10.70 billion, a PE ratio of -1,043.00 and a beta of 2.06.

FTAI Aviation Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 14th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Friday, March 14th. FTAI Aviation’s dividend payout ratio (DPR) is presently -342.86%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on FTAI shares. Stifel Nicolaus reaffirmed 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. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $160.00 price target on shares of FTAI Aviation in a research report on Wednesday, January 22nd. 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 report on Friday, January 10th. Barclays lifted their target price on shares of FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Finally, StockNews.com raised shares of FTAI Aviation to a “sell” rating in a research report on Saturday. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, FTAI Aviation has a consensus rating of “Moderate Buy” and a consensus price target of $173.67.

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.