StockNews.com Upgrades FTAI Aviation (NYSE:FTAI) to “Sell”

StockNews.com upgraded shares of FTAI Aviation (NYSE:FTAI) to a sell rating in a report released on Saturday.

Other analysts also recently issued research reports about the stock. Compass Point increased their target price on shares of FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. BTIG Research increased their price target on FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, December 31st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $160.00 price objective on shares of FTAI Aviation in a research report on Wednesday, January 22nd. Citigroup restated a “buy” rating on shares of FTAI Aviation in a report on Thursday, March 6th. Finally, Barclays upped their price objective on shares of FTAI Aviation from $135.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $173.67.

FTAI Aviation Trading Up 3.1 %

NYSE FTAI opened at $104.31 on Friday. The firm has a market capitalization of $10.70 billion, a PE ratio of -1,043.00 and a beta of 2.06. The business’s 50-day moving average price is $119.45 and its two-hundred day moving average price is $133.71. FTAI Aviation has a 12 month low of $58.41 and a 12 month high of $181.64.

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 issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Friday, March 14th. FTAI Aviation’s dividend payout ratio is -342.86%.

Institutional Trading of FTAI Aviation

Several institutional investors and hedge funds have recently made changes to their positions in FTAI. Virtus Fund Advisers LLC bought a new stake in FTAI Aviation in the 4th quarter worth about $26,000. Brown Brothers Harriman & Co. purchased a new stake in shares of FTAI Aviation during the third quarter valued at approximately $26,000. Transce3nd LLC purchased a new stake in shares of FTAI Aviation during the fourth quarter valued at approximately $29,000. Kapitalo Investimentos Ltda bought a new stake in FTAI Aviation during the fourth quarter worth $30,000. Finally, Anchor Investment Management LLC purchased a new position in FTAI Aviation in the third quarter worth $31,000. Hedge funds and other 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.