Shares of Aircastle Ltd. (NYSE:AYR) were up 3.8% during mid-day trading on Monday . The stock traded as high as $21.03 and last traded at $21.03, with a volume of 151,915 shares changing hands. The stock had previously closed at $20.26.

Several analysts have recently issued reports on AYR shares. Citigroup Inc. upped their price objective on Aircastle from $19.00 to $26.00 and gave the company a “buy” rating in a research report on Tuesday, March 15th. FBR & Co upped their price objective on Aircastle from $22.00 to $24.00 and gave the company an “outperform” rating in a research report on Monday, March 21st. Zacks Investment Research upgraded Aircastle from a “sell” rating to a “hold” rating in a research report on Tuesday, April 12th. Cowen and Company upped their price objective on Aircastle from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Thursday, April 14th. Finally, Royal Bank Of Canada upped their price objective on Aircastle from $25.00 to $27.00 and gave the company a “sector perform” rating in a research report on Thursday, April 14th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $23.20.

The stock has a market capitalization of $1.71 billion and a P/E ratio of 15.23. The company has a 50 day moving average of $20.57 and a 200 day moving average of $20.32.

Aircastle (NYSE:AYR) last issued its quarterly earnings results on Wednesday, May 4th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.10. The firm had revenue of $183.70 million for the quarter, compared to analyst estimates of $186.44 million. The firm’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.62 earnings per share. Equities research analysts anticipate that Aircastle Ltd. will post $1.89 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 4.47%. The ex-dividend date of this dividend was Thursday, May 26th.

In related news, Director Douglas A. Hacker sold 4,000 shares of Aircastle stock in a transaction on Tuesday, May 10th. The stock was sold at an average price of $21.54, for a total value of $86,160.00. Following the transaction, the director now directly owns 97,385 shares in the company, valued at approximately $2,097,672.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Several institutional investors recently modified their holdings of AYR. New York State Common Retirement Fund boosted its position in shares of Aircastle by 4.5% in the fourth quarter. New York State Common Retirement Fund now owns 67,800 shares of the company’s stock worth $1,416,000 after buying an additional 2,900 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Aircastle by 3.8% in the fourth quarter. Rhumbline Advisers now owns 103,992 shares of the company’s stock worth $2,172,000 after buying an additional 3,770 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Aircastle by 313.8% in the fourth quarter. Bank of Montreal Can now owns 71,050 shares of the company’s stock worth $1,485,000 after buying an additional 53,881 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of Aircastle by 79.7% in the fourth quarter. Advisors Asset Management Inc. now owns 553,571 shares of the company’s stock worth $11,564,000 after buying an additional 245,563 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. boosted its position in shares of Aircastle by 17.8% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 2,358,600 shares of the company’s stock worth $49,271,000 after buying an additional 356,670 shares during the last quarter.

Aircastle Limited (Aircastle) is a holding company. The Company, through its subsidiaries, is engaged in acquiring, leasing and selling commercial jet aircrafts. As of December 31, 2014, the Company’s aircraft portfolio consisted of 148 aircraft leased to 54 lessees located in about 34 countries. The Company manages its aircraft fleet through offices in the United States, Ireland and Singapore.

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