FTAI Aviation Ltd. (NYSE:FTAI) Receives $173.67 Consensus Target Price from Brokerages

Shares of FTAI Aviation Ltd. (NYSE:FTAI) have been assigned an average recommendation of “Moderate Buy” from the twelve research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $173.67.

A number of equities research analysts have weighed in on FTAI shares. StockNews.com raised FTAI Aviation to a “sell” rating in a research report on Saturday, March 15th. Compass Point lifted their price objective on FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Wolfe Research upgraded shares of FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 target price on the stock in a report on Friday, January 10th. Stifel Nicolaus restated a “hold” rating and issued a $123.00 price target (up previously from $100.00) on shares of FTAI Aviation in a report on Monday, March 3rd. Finally, BTIG Research increased their price objective on shares of FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st.

Institutional Trading of FTAI Aviation

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Capital International Investors grew its stake in FTAI Aviation by 39.7% during the 4th quarter. Capital International Investors now owns 10,677,171 shares of the financial services provider’s stock worth $1,537,940,000 after buying an additional 3,034,838 shares during the last quarter. Norges Bank acquired a new position in shares of FTAI Aviation during the fourth quarter valued at about $183,688,000. William Blair Investment Management LLC purchased a new position in shares of FTAI Aviation in the 4th quarter valued at approximately $174,372,000. Westfield Capital Management Co. LP boosted its stake in FTAI Aviation by 87.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,660,031 shares of the financial services provider’s stock worth $220,618,000 after purchasing an additional 773,017 shares in the last quarter. Finally, Shellback Capital LP purchased a new stake in FTAI Aviation during the 4th quarter worth approximately $76,510,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Stock Performance

Shares of NYSE:FTAI opened at $112.36 on Friday. The firm’s 50 day simple moving average is $111.63 and its 200-day simple moving average is $132.94. FTAI Aviation has a one year low of $65.00 and a one year high of $181.64. The firm has a market cap of $11.52 billion, a PE ratio of -1,123.49 and a beta of 2.06.

FTAI Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 14th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend was Friday, March 14th. FTAI Aviation’s dividend payout ratio is currently -342.86%.

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.