FTAI Aviation (NYSE:FTAI) Receives Buy Rating from Benchmark

Benchmark reissued their buy rating on shares of FTAI Aviation (NYSE:FTAI) in a report released on Thursday morning, Benzinga reports. Benchmark currently has a $100.00 price objective on the financial services provider’s stock.

Several other equities analysts have also commented on FTAI. Morgan Stanley upped their target price on FTAI Aviation from $58.00 to $70.00 and gave the company an overweight rating in a research note on Tuesday, February 27th. Stifel Nicolaus increased their price objective on shares of FTAI Aviation from $59.00 to $66.00 and gave the stock a hold rating in a report on Monday, April 29th. StockNews.com downgraded shares of FTAI Aviation from a hold rating to a sell rating in a report on Friday, April 12th. Barclays increased their price target on shares of FTAI Aviation from $62.00 to $80.00 and gave the stock an overweight rating in a research note on Thursday, April 4th. Finally, Compass Point boosted their price objective on shares of FTAI Aviation from $71.00 to $88.00 and gave the company a buy rating in a research note on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, FTAI Aviation presently has a consensus rating of Moderate Buy and a consensus price target of $68.95.

FTAI Aviation Price Performance

NYSE:FTAI traded up $2.81 on Thursday, reaching $78.32. The stock had a trading volume of 1,315,806 shares, compared to its average volume of 1,061,687. FTAI Aviation has a 12-month low of $26.82 and a 12-month high of $79.60. The company has a market cap of $7.85 billion, a price-to-earnings ratio of 34.48 and a beta of 1.90. The firm’s fifty day moving average is $65.87 and its two-hundred day moving average is $52.57.

FTAI Aviation (NYSE:FTAI) last announced its quarterly earnings data 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). The firm had revenue of $326.70 million for the quarter, compared to analysts’ expectations of $302.07 million. FTAI Aviation had a net margin of 21.08% and a return on equity of 188.45%. The business’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.22 EPS. As a group, research analysts forecast that FTAI Aviation will post 1.88 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

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

Institutional Trading of FTAI Aviation

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sequoia Financial Advisors LLC bought a new stake in shares of FTAI Aviation during the 1st quarter valued at about $1,111,000. Diversify Advisory Services LLC bought a new position in shares of FTAI Aviation during the first quarter valued at approximately $240,000. Private Advisor Group LLC lifted its holdings in shares of FTAI Aviation by 10.7% in the 1st quarter. Private Advisor Group LLC now owns 12,654 shares of the financial services provider’s stock worth $852,000 after purchasing an additional 1,221 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of FTAI Aviation by 1.2% in the 1st quarter. Principal Financial Group Inc. now owns 99,250 shares of the financial services provider’s stock worth $6,680,000 after purchasing an additional 1,154 shares during the last quarter. Finally, K.J. Harrison & Partners Inc boosted its position in FTAI Aviation by 2.5% during the 1st quarter. K.J. Harrison & Partners Inc now owns 41,000 shares of the financial services provider’s stock valued at $2,759,000 after purchasing an additional 1,000 shares during the period. 88.96% of the stock is owned by institutional investors.

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.