FTAI Aviation (NYSE:FTAI) Shares Down 5.8% – Time to Sell?

FTAI Aviation Ltd. (NYSE:FTAI) shares were down 5.8% during trading on Thursday . The stock traded as low as $140.61 and last traded at $140.98. Approximately 759,052 shares changed hands during trading, a decline of 27% from the average daily volume of 1,043,502 shares. The stock had previously closed at $149.67.

Analyst Ratings Changes

Several research firms have recently weighed in on FTAI. Deutsche Bank Aktiengesellschaft increased their price objective on FTAI Aviation from $125.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Barclays raised their price objective on shares of FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Citigroup upped their target price on shares of FTAI Aviation from $134.00 to $165.00 and gave the company a “buy” rating in a report on Monday, October 28th. BTIG Research assumed coverage on FTAI Aviation in a report on Monday, August 26th. They set a “buy” rating and a $140.00 price target on the stock. Finally, Benchmark boosted their price target on FTAI Aviation from $150.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Two 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 MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $166.18.

FTAI Aviation Stock Down 2.5 %

The stock has a fifty day moving average of $152.48 and a two-hundred day moving average of $123.43. The stock has a market cap of $13.51 billion, a price-to-earnings ratio of -1,317.07 and a beta of 2.06.

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

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 0.91%. FTAI Aviation’s dividend payout ratio is presently -1,199.88%.

Institutional Trading of FTAI Aviation

Several institutional investors and hedge funds have recently modified their holdings of FTAI. Franklin Resources Inc. raised its stake in FTAI Aviation by 102.8% in 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. Tidal Investments LLC raised its position in shares of FTAI Aviation by 64.7% in the third quarter. Tidal Investments LLC now owns 23,652 shares of the financial services provider’s stock valued at $3,143,000 after buying an additional 9,293 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of FTAI Aviation during the third quarter valued at approximately $478,000. Anchor Investment Management LLC purchased a new stake in FTAI Aviation in the 3rd quarter worth approximately $31,000. Finally, Arete Wealth Advisors LLC purchased a new stake in FTAI Aviation in the 3rd quarter worth approximately $294,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

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.