Stifel Nicolaus Reaffirms Hold Rating for FTAI Aviation (NYSE:FTAI)

Stifel Nicolaus restated their hold rating on shares of FTAI Aviation (NYSE:FTAI) in a research note issued to investors on Monday morning, MarketBeat.com reports. They currently have a $123.00 target price on the financial services provider’s stock, up from their prior target price of $100.00.

FTAI has been the topic of a number of other reports. Wolfe Research upgraded shares of FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective on the stock in a report on Friday, January 10th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $160.00 price target on shares of FTAI Aviation in a research note on Wednesday, January 22nd. Barclays lifted their price target on shares of FTAI Aviation from $135.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Compass Point upped their price objective on FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Finally, BTIG Research raised their target price 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. Two analysts have rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $173.67.

FTAI Aviation Price Performance

NYSE FTAI opened at $118.61 on Monday. FTAI Aviation has a one year low of $54.84 and a one year high of $181.64. The firm has a market cap of $12.16 billion, a P/E ratio of -1,185.98 and a beta of 2.05. The stock’s 50-day moving average is $124.92 and its 200-day moving average is $134.61.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.01%. FTAI Aviation’s payout ratio is -342.86%.

Hedge Funds Weigh In On FTAI Aviation

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital International Investors boosted its holdings in shares of 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 valued at $1,537,940,000 after acquiring an additional 3,034,838 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of FTAI Aviation by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 10,547,939 shares of the financial services provider’s stock valued at $1,519,325,000 after buying an additional 184,730 shares during the period. Geode Capital Management LLC increased its stake in shares of FTAI Aviation by 2.7% in the third quarter. Geode Capital Management LLC now owns 2,386,325 shares of the financial services provider’s stock valued at $317,202,000 after buying an additional 61,897 shares during the period. State Street Corp raised its holdings in FTAI Aviation by 1.7% in the 3rd quarter. State Street Corp now owns 2,325,049 shares of the financial services provider’s stock valued at $308,999,000 after buying an additional 38,279 shares during the last quarter. Finally, Hood River Capital Management LLC boosted its position in FTAI Aviation by 8.0% during the 4th quarter. Hood River Capital Management LLC now owns 2,069,824 shares of the financial services provider’s stock worth $298,137,000 after buying an additional 153,909 shares during the period. Institutional investors own 88.96% of the company’s stock.

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.