FTAI Aviation (NYSE:FTAI) Shares Gap Down – Time to Sell?

Shares of FTAI Aviation Ltd. (NYSE:FTAI) 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 trading hands.

Analyst Ratings Changes

FTAI has been the topic of several recent analyst reports. StockNews.com upgraded shares of FTAI Aviation to a “sell” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft upped their price objective on FTAI Aviation from $125.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Compass Point boosted their target price on FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. BTIG Research raised 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. Finally, Citigroup upped their price objective on shares of FTAI Aviation from $134.00 to $165.00 and gave the company a “buy” rating in a report on Monday, October 28th. Two investment analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, FTAI Aviation presently has a consensus rating of “Moderate Buy” and an average price target of $177.33.

FTAI Aviation Trading Down 25.7 %

The stock has a market capitalization of $8.57 billion, a P/E ratio of -834.78 and a beta of 2.09. The business has a 50-day moving average price of $149.45 and a two-hundred day moving average price of $132.67.

FTAI Aviation (NYSE:FTAI) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share (EPS) 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 firm had revenue of $465.80 million for the quarter, compared to analyst estimates of $422.45 million. During the same quarter in the previous year, the company earned $0.33 earnings per share. The company’s quarterly revenue was up 60.0% on a year-over-year basis. On average, sell-side analysts forecast that FTAI Aviation Ltd. will post 2.21 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The firm 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 of this dividend was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.44%. FTAI Aviation’s dividend payout ratio (DPR) is currently -1,199.88%.

Institutional Investors Weigh In On FTAI Aviation

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Brown Brothers Harriman & Co. acquired a new position in FTAI Aviation in the 3rd quarter valued at approximately $26,000. Anchor Investment Management LLC bought a new position in shares of FTAI Aviation during the third quarter worth about $31,000. Farther Finance Advisors LLC boosted its holdings in FTAI Aviation by 118.1% in the third quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 189 shares during the last quarter. USA Financial Formulas acquired a new stake in FTAI Aviation during the 4th quarter valued at approximately $93,000. Finally, Raymond James Trust N.A. acquired a new position in shares of FTAI Aviation in the 3rd quarter worth approximately $200,000. 88.96% of the stock is owned by institutional investors.

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.