FTAI Aviation (NYSE:FTAI) Trading Down 12.9% – Time to Sell?

Shares of FTAI Aviation Ltd. (NYSE:FTAI) fell 12.9% during trading on Friday . The stock traded as low as $92.01 and last traded at $90.87. 247,171 shares were traded during trading, a decline of 85% from the average session volume of 1,652,545 shares. The stock had previously closed at $104.34.

Analyst Upgrades and Downgrades

FTAI has been the topic of several research reports. Stifel Nicolaus reiterated a “hold” rating and issued a $123.00 price objective (up previously from $100.00) on shares of FTAI Aviation in a research note on Monday, March 3rd. Citigroup reiterated a “buy” rating on shares of FTAI Aviation in a report on Thursday, March 6th. Royal Bank of Canada reissued an “outperform” rating and set a $160.00 price objective on shares of FTAI Aviation in a research report on Wednesday, January 22nd. Compass Point upped their target price on FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Finally, BTIG Research lifted their price target on FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, December 31st. 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 MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $173.67.

FTAI Aviation Stock Down 15.4 %

The business has a 50-day simple moving average of $112.69 and a 200-day simple moving average of $132.49. The stock has a market cap of $9.06 billion, a P/E ratio of -883.11 and a beta of 1.78.

FTAI Aviation Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 14th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.36%. FTAI Aviation’s payout ratio is presently -342.86%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Sara Bay Financial bought a new position in shares of FTAI Aviation in the fourth quarter worth about $547,000. Ibex Wealth Advisors bought a new position in FTAI Aviation in the 4th quarter worth approximately $3,518,000. Luxor Capital Group LP acquired a new position in shares of FTAI Aviation during the third quarter worth approximately $1,298,000. Rhumbline Advisers boosted its position in shares of FTAI Aviation by 2.2% in the fourth quarter. Rhumbline Advisers now owns 142,072 shares of the financial services provider’s stock valued at $20,464,000 after acquiring an additional 3,121 shares during the period. Finally, SeaCrest Wealth Management LLC boosted its position in shares of FTAI Aviation by 77.1% in the fourth quarter. SeaCrest Wealth Management LLC now owns 6,555 shares of the financial services provider’s stock valued at $944,000 after acquiring an additional 2,853 shares during the period. Institutional investors and hedge funds 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.