FTAI Aviation (NYSE:FTAI) Shares Gap Up – What’s Next?

FTAI Aviation Ltd. (NYSE:FTAI) shares gapped up before the market opened on Thursday . The stock had previously closed at $116.08, but opened at $126.86. FTAI Aviation shares last traded at $121.62, with a volume of 2,025,980 shares traded.

Analyst Upgrades and Downgrades

FTAI has been the subject of several research analyst reports. Benchmark raised their price objective on FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Citigroup upped their price target 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. Compass Point boosted their price objective on FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Jefferies Financial Group raised their target price on FTAI Aviation from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Finally, Morgan Stanley restated an “underperform” rating on shares of FTAI Aviation in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, FTAI Aviation currently has an average rating of “Moderate Buy” and an average target price of $177.33.

FTAI Aviation Stock Up 4.8 %

The stock has a market capitalization of $12.47 billion, a price-to-earnings ratio of -1,216.08 and a beta of 2.09. The business’s 50-day moving average is $151.99 and its two-hundred day moving average is $132.31.

FTAI Aviation (NYSE:FTAI) 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). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The company had revenue of $465.80 million during the quarter, compared to analysts’ expectations of $422.45 million. During the same quarter last year, the company earned $0.33 earnings per share. FTAI Aviation’s revenue for the quarter was up 60.0% on a year-over-year basis. As a group, analysts forecast that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend was Thursday, November 14th. FTAI Aviation’s payout ratio is -1,200.00%.

Institutional Trading of FTAI Aviation

Several hedge funds have recently modified their holdings of FTAI. Oppenheimer & Co. Inc. raised its holdings in FTAI Aviation by 96.8% in the third quarter. Oppenheimer & Co. Inc. now owns 8,349 shares of the financial services provider’s stock valued at $1,110,000 after acquiring an additional 4,106 shares in the last quarter. Concurrent Investment Advisors LLC purchased a new position in FTAI Aviation in the third quarter valued at approximately $498,000. Diversified Trust Co acquired a new stake in FTAI Aviation during the 3rd quarter worth $1,738,000. Luxor Capital Group LP purchased a new stake in FTAI Aviation in the third quarter valued at $1,298,000. Finally, Franklin Resources Inc. grew its holdings in shares of FTAI Aviation by 102.8% during the third quarter. Franklin Resources Inc. now owns 411,476 shares of the financial services provider’s stock worth $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 and hedge funds.

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.