GSA Capital Partners LLP Buys Shares of 1,958 FTAI Aviation Ltd. (NYSE:FTAI)

GSA Capital Partners LLP purchased a new stake in FTAI Aviation Ltd. (NYSE:FTAI) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,958 shares of the financial services provider’s stock, valued at approximately $260,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Price T Rowe Associates Inc. MD increased its stake in FTAI Aviation by 1,488.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 867,963 shares of the financial services provider’s stock worth $58,415,000 after buying an additional 813,311 shares during the period. Public Employees Retirement Association of Colorado purchased a new stake in shares of FTAI Aviation during the first quarter worth approximately $775,000. Janus Henderson Group PLC raised its position in FTAI Aviation by 164.2% during the 1st quarter. Janus Henderson Group PLC now owns 127,103 shares of the financial services provider’s stock worth $8,552,000 after buying an additional 78,991 shares during the last quarter. Castleark Management LLC boosted its holdings in FTAI Aviation by 37.2% in the 1st quarter. Castleark Management LLC now owns 120,220 shares of the financial services provider’s stock valued at $8,091,000 after purchasing an additional 32,570 shares in the last quarter. Finally, Cetera Advisors LLC acquired a new position in FTAI Aviation during the first quarter worth $305,000. 88.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on FTAI shares. Royal Bank of Canada reiterated an “outperform” rating and set a $160.00 price target on shares of FTAI Aviation in a research report on Friday, November 1st. Citigroup increased their price target on FTAI Aviation from $134.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Benchmark boosted their target price on shares of FTAI Aviation from $150.00 to $300.00 and gave the company a “buy” rating in a report on Friday, November 1st. Jefferies Financial Group boosted their price objective on shares of FTAI Aviation from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Finally, Morgan Stanley reaffirmed an “underperform” rating on shares of FTAI Aviation in a research report on Friday, October 18th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $162.09.

FTAI Aviation Trading Down 0.7 %

FTAI opened at $173.71 on Friday. The stock has a market capitalization of $17.81 billion, a price-to-earnings ratio of -1,736.93 and a beta of 2.04. The business has a 50 day moving average of $144.37 and a 200-day moving average of $115.61. FTAI Aviation Ltd. has a 1-year low of $40.29 and a 1-year high of $177.18.

FTAI Aviation (NYSE:FTAI) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The business had revenue of $465.80 million during the quarter, compared to analyst estimates of $422.45 million. During the same quarter in the prior year, the company posted $0.33 EPS. The company’s quarterly revenue was up 60.0% compared to the same quarter last year. Equities analysts predict that FTAI Aviation Ltd. will post 2.21 EPS for the current year.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 0.69%. FTAI Aviation’s dividend payout ratio is -1,199.88%.

FTAI Aviation Profile

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.