Brokerages Set FTAI Aviation Ltd. (NYSE:FTAI) PT at $166.18

Shares of FTAI Aviation Ltd. (NYSE:FTAI) have earned a consensus rating of “Moderate Buy” from the twelve research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $166.18.

A number of research analysts recently weighed in on the stock. Jefferies Financial Group raised their price target on shares of FTAI Aviation from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, September 30th. BTIG Research initiated coverage on FTAI Aviation in a research report on Monday, August 26th. They issued a “buy” rating and a $140.00 target price on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on FTAI Aviation from $125.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Citigroup raised their price objective on FTAI Aviation from $134.00 to $165.00 and gave the company a “buy” rating in a report on Monday, October 28th. Finally, Benchmark upped their target price on shares of FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, November 1st.

Institutional Investors Weigh In On FTAI Aviation

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FTAI. Franklin Resources Inc. boosted its stake in FTAI Aviation by 102.8% during the third quarter. Franklin Resources Inc. now owns 411,476 shares of the financial services provider’s stock worth $54,685,000 after buying an additional 208,613 shares during the period. Tidal Investments LLC increased its holdings in FTAI Aviation by 64.7% in the 3rd quarter. Tidal Investments LLC now owns 23,652 shares of the financial services provider’s stock valued at $3,143,000 after purchasing an additional 9,293 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in FTAI Aviation in the third quarter valued at approximately $478,000. Anchor Investment Management LLC acquired a new position in FTAI Aviation during the third quarter worth $31,000. Finally, Arete Wealth Advisors LLC purchased a new position in shares of FTAI Aviation during the third quarter worth $294,000. Institutional investors and hedge funds own 88.96% of the company’s stock.

FTAI Aviation Price Performance

Shares of FTAI stock opened at $131.72 on Thursday. FTAI Aviation has a 1-year low of $44.15 and a 1-year high of $177.18. The company has a market cap of $13.51 billion, a price-to-earnings ratio of -1,317.07 and a beta of 2.06. The stock has a 50 day simple moving average of $152.48 and a 200-day simple moving average of $123.70.

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

FTAI Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.91%. FTAI Aviation’s dividend payout ratio is currently -1,199.88%.

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.