Aircastle Ltd. (AYR) Stock Price Down 1.7%
Aircastle Ltd. (NYSE:AYR)’s share price was down 1.7% during mid-day trading on Thursday . The stock traded as low as $20.61 and last traded at $20.65, with a volume of 160,354 shares trading hands. The stock had previously closed at $21.01.
Several equities analysts have issued reports on AYR shares. Zacks Investment Research lowered Aircastle from a “buy” rating to a “hold” rating in a research note on Tuesday, May 10th. Wells Fargo & Co. lowered Aircastle from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 14th. Royal Bank Of Canada lifted their target price on Aircastle from $25.00 to $27.00 and gave the company a “sector perform” rating in a research note on Thursday, April 14th. Barclays PLC lowered Aircastle from an “overweight” rating to an “underweight” rating and cut their target price for the company from $28.00 to $22.00 in a research note on Friday, April 15th. Finally, Cowen and Company lifted their target price on Aircastle from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Thursday, April 14th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. Aircastle presently has a consensus rating of “Hold” and a consensus price target of $23.10.
The stock has a market capitalization of $1.61 billion and a PE ratio of 17.75. The company has a 50 day moving average price of $21.06 and a 200-day moving average price of $20.62.
Aircastle (NYSE:AYR) last posted its earnings results on Thursday, August 4th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by $0.10. During the same quarter last year, the firm posted $0.58 earnings per share. The company earned $190 million during the quarter, compared to analysts’ expectations of $188.25 million. The company’s quarterly revenue was down 7.1% compared to the same quarter last year. On average, analysts expect that Aircastle Ltd. will post $1.84 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Friday, August 26th will be issued a dividend of $0.24 per share. The ex-dividend date is Wednesday, August 24th. This represents a $0.96 annualized dividend and a yield of 4.68%.
Other large investors recently modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in shares of Aircastle by 15.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,802,625 shares of the company’s stock valued at $58,547,000 after buying an additional 366,814 shares during the period. Bank of Montreal Can increased its stake 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 valued at $1,485,000 after buying an additional 53,881 shares during the period. Finally, New York State Common Retirement Fund increased its stake 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 valued at $1,416,000 after buying an additional 2,900 shares during the period.
Aircastle Limited is a holding company. The Company, through its subsidiaries, is engaged in investing in aviation assets, including acquiring, leasing, managing and selling utility commercial jet aircraft. The Company operates through leasing, financing, selling and managing commercial flight equipment segment.
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