Aircastle Ltd. (AYR) Sees Strong Trading Volume
Aircastle Ltd. (NYSE:AYR) saw strong trading volume on Friday . 274,745 shares changed hands during mid-day trading, an increase of 4% from the previous session’s volume of 263,645 shares.The stock last traded at $21.56 and had previously closed at $21.00.
A number of equities research analysts have weighed in on the stock. Deutsche Bank AG cut shares of Aircastle from a “buy” rating to a “hold” rating and set a $19.00 price objective on the stock. in a report on Thursday, May 5th. FBR & Co reiterated a “buy” rating on shares of Aircastle in a report on Thursday, May 5th. Finally, Zacks Investment Research upgraded shares of Aircastle from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Wednesday, June 29th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $23.10.
The firm’s 50-day moving average price is $21.23 and its 200 day moving average price is $20.76. The company has a market cap of $1.71 billion and a P/E ratio of 18.81.
Aircastle (NYSE:AYR) last issued its earnings results on Thursday, August 4th. The company reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by $0.10. During the same quarter last year, the business posted $0.58 earnings per share. The company had revenue of $190 million for the quarter, compared to analysts’ expectations of $188.25 million. The firm’s quarterly revenue was down 7.1% compared to the same quarter last year. Analysts expect that Aircastle Ltd. will post $1.83 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Friday, August 26th will be issued a $0.24 dividend. The ex-dividend date is Wednesday, August 24th. This represents a $0.96 annualized dividend and a yield of 4.42%.
A hedge fund recently raised its stake in Aircastle stock. Bank of Montreal Can raised its position in Aircastle Ltd. (NYSE:AYR) by 313.8% during the fourth quarter, according to its most recent 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 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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