Aircastle Ltd. (NYSE:AYR)‘s stock had its “hold” rating restated by FBR & Co in a research note issued on Monday. They currently have a $23.00 target price on the stock. FBR & Co’s price objective would indicate a potential upside of 20.17% from the company’s current price.

A number of other equities analysts have also recently commented on the company. TheStreet cut Aircastle from a “buy” rating to a “hold” rating in a report on Tuesday, September 6th. Zacks Investment Research raised Aircastle from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Wednesday, June 29th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $23.10.

Shares of Aircastle (NYSE:AYR) opened at 19.14 on Monday. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 16.56 and a beta of 1.88. Aircastle has a 12 month low of $15.06 and a 12 month high of $23.49. The firm’s 50-day moving average price is $21.04 and its 200-day moving average price is $21.22.

Aircastle (NYSE:AYR) last announced its earnings results on Thursday, August 4th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by $0.10. Aircastle had a net margin of 11.68% and a return on equity of 5.70%. The firm had revenue of $190 million for the quarter, compared to analyst estimates of $188.25 million. During the same period in the previous year, the company earned $0.58 EPS. Aircastle’s revenue was down 7.1% compared to the same quarter last year. Equities research analysts expect that Aircastle will post $1.81 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Friday, August 26th were given a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $0.96 annualized dividend and a yield of 5.02%. Aircastle’s payout ratio is 82.05%.

In related news, insider Joseph Schreiner sold 4,998 shares of the stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $21.77, for a total value of $108,806.46. Following the completion of the transaction, the insider now directly owns 35,208 shares in the company, valued at $766,478.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.70% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can purchased a new position in Aircastle during the second quarter valued at approximately $2,672,000. Adams Diversified Equity Fund Inc. purchased a new position in Aircastle during the second quarter valued at approximately $340,000. Nordea Investment Management AB raised its position in Aircastle by 320.1% in the second quarter. Nordea Investment Management AB now owns 31,169 shares of the company’s stock valued at $610,000 after buying an additional 23,750 shares in the last quarter. Foundry Partners LLC purchased a new position in Aircastle during the second quarter valued at approximately $10,433,000. Finally, BNP Paribas Arbitrage SA raised its position in Aircastle by 78.6% in the second quarter. BNP Paribas Arbitrage SA now owns 6,179 shares of the company’s stock valued at $121,000 after buying an additional 2,720 shares in the last quarter. Institutional investors and hedge funds own 65.19% of the company’s stock.

Aircastle Company Profile

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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