FTAI Aviation’s (FTAI) “Buy” Rating Reiterated at Benchmark

Benchmark reaffirmed their buy rating on shares of FTAI Aviation (NYSE:FTAI) in a research report report published on Thursday, Benzinga reports. They currently have a $100.00 price objective on the financial services provider’s stock.

Several other analysts have also issued reports on FTAI. Barclays boosted their target price on shares of FTAI Aviation from $62.00 to $80.00 and gave the company an overweight rating in a research report on Thursday, April 4th. Morgan Stanley raised their target price on FTAI Aviation from $58.00 to $70.00 and gave the stock an overweight rating in a report on Tuesday, February 27th. JMP Securities lifted their target price on FTAI Aviation from $66.00 to $85.00 and gave the company a market outperform rating in a research report on Monday, April 29th. StockNews.com cut FTAI Aviation from a hold rating to a sell rating in a research report on Friday, April 12th. Finally, Stifel Nicolaus lifted their price objective on FTAI Aviation from $59.00 to $66.00 and gave the company a hold rating in a research report on Monday, April 29th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, FTAI Aviation presently has an average rating of Moderate Buy and an average price target of $68.95.

FTAI Aviation Stock Performance

Shares of FTAI stock traded up $2.81 on Thursday, reaching $78.32. The stock had a trading volume of 1,315,806 shares, compared to its average volume of 1,061,687. FTAI Aviation has a 1 year low of $26.82 and a 1 year high of $79.60. The stock has a market cap of $7.85 billion, a P/E ratio of 35.76 and a beta of 1.90. The company has a 50 day simple moving average of $65.87 and a 200 day simple moving average of $52.70.

FTAI Aviation (NYSE:FTAI) last posted its earnings results on Thursday, April 25th. The financial services provider reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.06). The firm had revenue of $326.70 million during the quarter, compared to the consensus estimate of $302.07 million. FTAI Aviation had a net margin of 21.08% and a return on equity of 188.45%. The firm’s revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.22 EPS. On average, equities research analysts anticipate that FTAI Aviation will post 1.88 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Friday, May 10th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, May 9th. This represents a $1.20 annualized dividend and a yield of 1.53%. FTAI Aviation’s dividend payout ratio (DPR) is currently 54.79%.

Institutional Investors Weigh In On FTAI Aviation

Several institutional investors have recently modified their holdings of FTAI. Vanguard Group Inc. increased its position in shares of FTAI Aviation by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 8,507,122 shares of the financial services provider’s stock valued at $394,730,000 after purchasing an additional 84,611 shares during the last quarter. FMR LLC increased its position in FTAI Aviation by 179.7% during the third quarter. FMR LLC now owns 6,216,983 shares of the financial services provider’s stock valued at $221,014,000 after acquiring an additional 3,994,578 shares during the last quarter. CIBC Private Wealth Group LLC raised its stake in shares of FTAI Aviation by 90.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,858,682 shares of the financial services provider’s stock valued at $132,643,000 after acquiring an additional 1,359,302 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of FTAI Aviation by 36.8% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,736,600 shares of the financial services provider’s stock valued at $97,286,000 after acquiring an additional 736,400 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of FTAI Aviation by 1.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,657,619 shares of the financial services provider’s stock worth $94,478,000 after acquiring an additional 31,815 shares during the last quarter. 88.96% of the stock is owned by institutional investors.

About FTAI Aviation

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.