Aircastle Ltd. (NYSE:AYR) shares traded down 1.4% during mid-day trading on Thursday . The stock traded as low as $20.86 and last traded at $21.05, with a volume of 101,735 shares changing hands. The stock had previously closed at $21.35.

Several research firms have weighed in on AYR. Zacks Investment Research cut Aircastle from a “hold” rating to a “sell” rating in a research report on Tuesday, August 9th. FBR & Co restated a “buy” rating on shares of Aircastle in a research note on Thursday, May 5th. Finally, Deutsche Bank AG lowered Aircastle from a “buy” rating to a “hold” rating and set a $19.00 target price on the stock. in a research note on Thursday, May 5th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. Aircastle currently has a consensus rating of “Hold” and an average price target of $23.10.

The stock has a 50-day moving average price of $21.47 and a 200-day moving average price of $20.95. The stock has a market capitalization of $1.65 billion and a PE ratio of 18.20.

Aircastle (NYSE:AYR) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by $0.10. The firm earned $190 million during the quarter, compared to analysts’ expectations of $188.25 million. During the same quarter in the prior year, the business posted $0.58 EPS. Aircastle’s revenue was down 7.1% on a year-over-year basis. On average, equities analysts anticipate that Aircastle Ltd. will post $1.82 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Friday, August 26th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, August 24th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.56%.

An institutional investor recently raised its position in Aircastle stock. Bank of Montreal Can increased its stake in shares of Aircastle Ltd. (NYSE:AYR) by 313.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 71,050 shares of the company’s stock after buying an additional 53,881 shares during the period. Bank of Montreal Can owned about 0.09% of Aircastle worth $1,485,000 at the end of the most recent reporting 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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