Aircastle Ltd. (AYR) Shares Down 1.7%
Aircastle Ltd. (NYSE:AYR) shares fell 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 traded. The stock had previously closed at $21.01.
Several brokerages recently issued reports on AYR. Deutsche Bank AG downgraded Aircastle from a “buy” rating to a “hold” rating and set a $19.00 price objective for the company. in a research report on Thursday, May 5th. FBR & Co restated an “outperform” rating and set a $24.00 price objective on shares of Aircastle in a research report on Monday, April 18th. Zacks Investment Research downgraded Aircastle from a “buy” rating to a “hold” rating in a research report on Monday, July 4th. Finally, Barclays PLC downgraded Aircastle from an “overweight” rating to an “underweight” rating and cut their price objective for the stock from $28.00 to $22.00 in a research report on Friday, April 15th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $23.10.
The company has a market capitalization of $1.59 billion and a P/E ratio of 17.53. The stock’s 50 day moving average is $21.02 and its 200 day moving average is $20.63.
Aircastle (NYSE:AYR) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by $0.10. During the same period in the previous year, the business earned $0.58 EPS. The firm had revenue of $190 million for the quarter, compared to analyst estimates of $188.25 million. Aircastle’s quarterly revenue was down 7.1% on a year-over-year basis. Equities analysts predict that Aircastle Ltd. will post $1.83 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Friday, August 26th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 4.74%. The ex-dividend date of this dividend is Wednesday, August 24th.
Other hedge funds have added to or reduced their stakes in the company. New York State Common Retirement Fund raised its stake in 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 in the last quarter. Bank of Montreal Can raised its stake in 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 in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in 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 in the last quarter.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.