Aircastle Ltd. (AYR) Trading Up 1.5%
Shares of Aircastle Ltd. (NYSE:AYR) were up 1.5% on Wednesday . The company traded as high as $20.63 and last traded at $20.60, with a volume of 82,807 shares traded. The stock had previously closed at $20.29.
A number of analysts have weighed in on AYR shares. Zacks Investment Research upgraded Aircastle from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Monday, May 9th. FBR & Co reiterated a “buy” rating on shares of Aircastle in a report on Thursday, May 5th. Finally, Deutsche Bank AG downgraded Aircastle from a “buy” rating to a “hold” rating and set a $19.00 price target for the company. in a report on Thursday, May 5th. 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. Aircastle presently has a consensus rating of “Hold” and an average price target of $23.10.
The firm has a market cap of $1.64 billion and a price-to-earnings ratio of 17.99. The firm’s 50-day moving average is $21.07 and its 200 day moving average is $20.72.
Aircastle (NYSE:AYR) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.41 by $0.10. The business 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 earnings per share. The firm’s revenue was down 7.1% compared to the same quarter last year. Equities analysts expect that Aircastle Ltd. will post $1.83 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Friday, August 26th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 4.62%. The ex-dividend date is Wednesday, August 24th.
Other institutional investors have recently added to or reduced their stakes in the company. New York State Common Retirement Fund boosted its position 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 worth $1,416,000 after buying an additional 2,900 shares during the last quarter. Bank of Montreal Can boosted its position in 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. Finally, Dimensional Fund Advisors LP boosted its position in Aircastle by 15.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,802,625 shares of the company’s stock worth $58,547,000 after buying an additional 366,814 shares during 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.
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