FTAI Aviation (NYSE:FTAI) Upgraded by StockNews.com to “Sell” Rating

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

A number of other research firms have also issued reports on FTAI. Royal Bank of Canada reissued an “outperform” rating and set a $160.00 target price on shares of FTAI Aviation in a research note on Wednesday, January 22nd. Citigroup reiterated a “buy” rating on shares of FTAI Aviation in a research report on Thursday, March 6th. BTIG Research raised their target price on FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, December 31st. Wolfe Research upgraded FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price target for the company in a research report on Friday, January 10th. Finally, Barclays increased their price target on FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, FTAI Aviation currently has an average rating of “Moderate Buy” and a consensus target price of $173.67.

FTAI Aviation Stock Performance

Shares of FTAI opened at $106.98 on Friday. The firm has a fifty day moving average of $118.43 and a 200-day moving average of $133.68. The company has a market cap of $10.97 billion, a price-to-earnings ratio of -1,069.69 and a beta of 2.06. FTAI Aviation has a 1 year low of $58.41 and a 1 year high of $181.64.

FTAI Aviation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 14th will be issued a $0.30 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.12%. FTAI Aviation’s dividend payout ratio is currently -342.86%.

Institutional Investors Weigh In On FTAI Aviation

A number of institutional investors and hedge funds have recently modified their holdings of FTAI. Capital International Investors grew its holdings in shares of FTAI Aviation by 39.7% in the 4th quarter. Capital International Investors now owns 10,677,171 shares of the financial services provider’s stock worth $1,537,940,000 after acquiring an additional 3,034,838 shares during the last quarter. Vanguard Group Inc. increased its stake in FTAI Aviation by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 10,547,939 shares of the financial services provider’s stock worth $1,519,325,000 after purchasing an additional 184,730 shares in the last quarter. Geode Capital Management LLC increased its stake in FTAI Aviation by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,386,325 shares of the financial services provider’s stock worth $317,202,000 after purchasing an additional 61,897 shares in the last quarter. State Street Corp raised its holdings in FTAI Aviation by 1.7% during the 3rd quarter. State Street Corp now owns 2,325,049 shares of the financial services provider’s stock worth $308,999,000 after buying an additional 38,279 shares during the period. Finally, Hood River Capital Management LLC lifted its stake in FTAI Aviation by 8.0% during the fourth quarter. Hood River Capital Management LLC now owns 2,069,824 shares of the financial services provider’s stock valued at $298,137,000 after buying an additional 153,909 shares in 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.