FTAI Aviation Ltd. (NYSE:FTAI) Given Average Rating of “Moderate Buy” by Brokerages

FTAI Aviation Ltd. (NYSE:FTAI) has been assigned a consensus recommendation of “Moderate Buy” from the twelve analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $173.67.

A number of brokerages have recently commented on FTAI. StockNews.com raised FTAI Aviation to a “sell” rating in a report on Saturday, March 15th. BTIG Research boosted their price target on shares of FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. Citigroup reaffirmed a “buy” rating on shares of FTAI Aviation in a research note on Thursday, March 6th. Royal Bank of Canada reiterated an “outperform” rating and set a $160.00 price objective on shares of FTAI Aviation in a research note on Wednesday, January 22nd. Finally, Barclays upped their target price on FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th.

Hedge Funds Weigh In On FTAI Aviation

Several institutional investors and hedge funds have recently added to or reduced their stakes in FTAI. Brown Brothers Harriman & Co. acquired a new stake in FTAI Aviation during the 3rd quarter worth about $26,000. Virtus Fund Advisers LLC acquired a new stake in shares of FTAI Aviation during the fourth quarter worth approximately $26,000. Transce3nd LLC acquired a new stake in shares of FTAI Aviation during the fourth quarter worth approximately $29,000. Kapitalo Investimentos Ltda purchased a new position in FTAI Aviation during the fourth quarter valued at approximately $30,000. Finally, Anchor Investment Management LLC acquired a new position in FTAI Aviation in the 3rd quarter valued at approximately $31,000. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

FTAI Aviation Price Performance

Shares of FTAI stock opened at $107.23 on Friday. The business has a 50 day simple moving average of $113.51 and a 200 day simple moving average of $133.00. The firm has a market capitalization of $11.00 billion, a price-to-earnings ratio of -1,072.19 and a beta of 2.06. FTAI Aviation has a 12-month low of $64.04 and a 12-month high of $181.64.

FTAI Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.20 annualized dividend and a yield of 1.12%. FTAI Aviation’s payout ratio is presently -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.