FTAI Aviation (NYSE:FTAI) Stock Price Down 7.6% – Here’s What Happened

FTAI Aviation Ltd. (NYSE:FTAI) shares dropped 7.6% on Thursday . The stock traded as low as $129.90 and last traded at $129.72. Approximately 490,022 shares were traded during trading, a decline of 87% from the average daily volume of 3,871,653 shares. The stock had previously closed at $140.32.

Analysts Set New Price Targets

FTAI has been the topic of several recent analyst reports. BTIG Research upped their target price 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. Benchmark upped their price objective on shares of FTAI Aviation from $150.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, November 1st. 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. Compass Point increased their price objective on shares of FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Finally, Barclays increased their price objective on shares of FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Two research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $171.75.

FTAI Aviation Trading Down 0.7 %

The stock has a market capitalization of $13.20 billion, a P/E ratio of -1,286.97 and a beta of 2.05. The company’s 50-day moving average is $125.10 and its two-hundred day moving average is $134.10.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, March 14th will be given a $0.30 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.20 annualized dividend and a yield of 0.93%. FTAI Aviation’s dividend payout ratio is presently -342.86%.

Hedge Funds Weigh In On FTAI Aviation

Large investors have recently bought and sold shares of the stock. Orion Portfolio Solutions LLC grew its stake in shares of FTAI Aviation by 2.9% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 3,634 shares of the financial services provider’s stock worth $483,000 after purchasing an additional 102 shares during the last quarter. Merit Financial Group LLC boosted its holdings in shares of FTAI Aviation by 2.5% during the fourth quarter. Merit Financial Group LLC now owns 4,256 shares of the financial services provider’s stock worth $613,000 after purchasing an additional 105 shares during the period. MML Investors Services LLC boosted its holdings in shares of FTAI Aviation by 6.3% during the third quarter. MML Investors Services LLC now owns 2,166 shares of the financial services provider’s stock worth $288,000 after purchasing an additional 129 shares during the period. CIBC Asset Management Inc lifted its stake in FTAI Aviation by 4.5% in the fourth quarter. CIBC Asset Management Inc now owns 3,389 shares of the financial services provider’s stock valued at $488,000 after acquiring an additional 147 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in shares of FTAI Aviation by 7.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,405 shares of the financial services provider’s stock worth $346,000 after buying an additional 161 shares during the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.

FTAI Aviation Company 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.