Shares of Aircastle Ltd. (NYSE:AYR) were down 1.4% during trading on Thursday . The stock traded as low as $20.86 and last traded at $21.05, with a volume of 101,735 shares trading hands. The stock had previously closed at $21.35.

Several analysts recently commented on AYR shares. Deutsche Bank AG lowered Aircastle from a “buy” rating to a “hold” rating and set a $19.00 price target on the stock. in a research note on Thursday, May 5th. FBR & Co lowered Aircastle from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $24.00 to $23.00 in a research note on Friday, August 5th. Finally, Zacks Investment Research lowered Aircastle from a “buy” rating to a “hold” rating in a research note on Tuesday, May 10th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $23.10.

The stock has a market capitalization of $1.66 billion and a P/E ratio of 18.24. The firm has a 50 day moving average price of $21.36 and a 200-day moving average price of $20.91.

Aircastle (NYSE:AYR) last announced its earnings results 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 firm earned $190 million during the quarter, compared to the consensus estimate of $188.25 million. The company’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.58 EPS. Analysts forecast that Aircastle Ltd. will post $1.82 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Friday, August 26th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, August 24th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.55%.

An institutional investor recently raised its position in Aircastle stock. Dimensional Fund Advisors LP boosted its position in Aircastle Ltd. (NYSE:AYR) by 15.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,802,625 shares of the company’s stock after buying an additional 366,814 shares during the period. Dimensional Fund Advisors LP owned 3.45% of Aircastle worth $58,547,000 as of its most recent SEC filing.

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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