FTAI Aviation (NYSE:FTAI) Shares Gap Down – Here’s What Happened

FTAI Aviation Ltd. (NYSE:FTAI)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $112.38, but opened at $86.25. FTAI Aviation shares last traded at $83.09, with a volume of 4,733,024 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft raised their price target on FTAI Aviation from $125.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Morgan Stanley reissued an “underperform” rating on shares of FTAI Aviation in a research report on Friday, October 18th. StockNews.com raised shares of FTAI Aviation to a “sell” rating in a research report on Tuesday. Citigroup increased their price target on shares of FTAI Aviation from $134.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Finally, BTIG Research boosted their price objective 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 and eleven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $171.75.

FTAI Aviation Trading Up 10.3 %

The business’s 50-day simple moving average is $146.49 and its two-hundred day simple moving average is $132.23. The company has a market capitalization of $10.41 billion, a PE ratio of -1,014.90 and a beta of 2.09.

FTAI Aviation (NYSE:FTAI) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 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 analysts’ expectations of $422.45 million. During the same period in the prior year, the company posted $0.33 EPS. The company’s revenue for the quarter was up 60.0% on a year-over-year basis. On average, analysts forecast that FTAI Aviation Ltd. will post 2.21 EPS for the current year.

FTAI Aviation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were paid a $0.30 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.18%. FTAI Aviation’s dividend payout ratio (DPR) is presently -1,199.88%.

Hedge Funds Weigh In On FTAI Aviation

Large investors have recently modified their holdings of the stock. Brown Brothers Harriman & Co. bought a new stake in FTAI Aviation during the third quarter valued at $26,000. Anchor Investment Management LLC acquired a new position in shares of FTAI Aviation in the 3rd quarter valued at about $31,000. Farther Finance Advisors LLC grew its position in shares of FTAI Aviation by 118.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock valued at $46,000 after buying an additional 189 shares during the last quarter. USA Financial Formulas acquired a new stake in FTAI Aviation during the fourth quarter worth about $93,000. Finally, Raymond James Trust N.A. bought a new position in FTAI Aviation in the third quarter worth about $200,000. Institutional investors 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.