Aircastle Ltd. (NYSE:AYR) rose 1.5% during trading on Wednesday . The stock traded as high as $20.63 and last traded at $20.60, with a volume of 82,807 shares changing hands. The stock had previously closed at $20.29.

AYR has been the subject of several recent research reports. FBR & Co downgraded Aircastle from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $24.00 to $23.00 in a report on Friday, August 5th. Zacks Investment Research raised Aircastle from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Wednesday, June 29th. Finally, Deutsche Bank AG cut Aircastle from a “buy” rating to a “hold” rating and set a $19.00 target price on the stock. in a research report on Thursday, May 5th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $23.10.

The company’s 50-day moving average price is $21.17 and its 200 day moving average price is $20.72. The stock has a market cap of $1.65 billion and a PE ratio of 18.17.

Aircastle (NYSE:AYR) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by $0.10. The company earned $190 million during the quarter, compared to the consensus estimate of $188.25 million. During the same period in the previous year, the business posted $0.58 earnings per share. The firm’s quarterly revenue was down 7.1% compared to the same quarter last year. Equities analysts forecast 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. Investors of record on Friday, August 26th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date of this dividend is Wednesday, August 24th.

An institutional investor recently raised its position in Aircastle stock. Bank of Montreal Can increased its position in shares of Aircastle Ltd. (NYSE:AYR) by 313.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 0.09% of Aircastle worth $1,485,000 as of its most recent filing with the SEC.

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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