FTAI Aviation (NYSE:FTAI) Shares Gap Up – Here’s What Happened

FTAI Aviation Ltd. (NYSE:FTAI)’s share price 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 changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on FTAI shares. Morgan Stanley reiterated an “underperform” rating on shares of FTAI Aviation in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft increased their price target on FTAI Aviation from $125.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Citigroup boosted their price objective on FTAI Aviation from $134.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Compass Point increased their target price on FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Finally, Jefferies Financial Group boosted their price target on FTAI Aviation from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Two equities research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, FTAI Aviation has an average rating of “Moderate Buy” and a consensus price target of $177.33.

FTAI Aviation Stock Performance

The company’s 50 day moving average price is $150.50 and its 200-day moving average price is $132.28. The stock has a market cap of $11.52 billion, a P/E ratio of -1,123.69 and a beta of 2.09.

FTAI Aviation (NYSE:FTAI) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.01). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The firm had revenue of $465.80 million during the quarter, compared to analysts’ expectations of $422.45 million. During the same quarter last year, the business posted $0.33 EPS. The company’s quarterly revenue was up 60.0% on a year-over-year basis. On average, analysts forecast that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.07%. FTAI Aviation’s dividend payout ratio (DPR) is presently -1,199.88%.

Institutional Investors Weigh In On FTAI Aviation

A number of hedge funds have recently made changes to their positions in FTAI. Avior Wealth Management LLC raised its holdings in shares of FTAI Aviation by 20.5% in the 4th quarter. Avior Wealth Management LLC now owns 6,116 shares of the financial services provider’s stock worth $881,000 after purchasing an additional 1,042 shares during the period. Nisa Investment Advisors LLC lifted its position 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. Diversify Advisory Services LLC grew its stake in shares of FTAI Aviation by 20.9% during the 4th quarter. Diversify Advisory Services LLC now owns 4,055 shares of the financial services provider’s stock worth $584,000 after acquiring an additional 700 shares during the period. Sara Bay Financial purchased a new stake in FTAI Aviation in the 4th quarter worth about $547,000. Finally, Merit Financial Group LLC raised its stake 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 valued at $613,000 after acquiring an additional 105 shares during the period. 88.96% of the stock is currently owned by institutional investors.

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.