FTAI Aviation Ltd. (NYSE:FTAI) Receives $173.67 Average Price Target from Brokerages

FTAI Aviation Ltd. (NYSE:FTAI) has been assigned an average rating of “Moderate Buy” from the twelve analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and ten have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $173.67.

Several research firms recently weighed in on FTAI. Royal Bank of Canada restated an “outperform” rating and set a $160.00 price target on shares of FTAI Aviation in a report on Wednesday, January 22nd. Compass Point upped their target price on FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Barclays lifted their price target on FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. StockNews.com upgraded FTAI Aviation to a “sell” rating in a research note on Saturday, March 15th. Finally, BTIG Research lifted their target price on FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, December 31st.

Hedge Funds Weigh In On FTAI Aviation

Several hedge funds have recently made changes to their positions in the stock. GSA Capital Partners LLP purchased a new position in FTAI Aviation during the third quarter valued at approximately $260,000. CIBC Asset Management Inc purchased a new position in shares of FTAI Aviation during the 3rd quarter valued at $431,000. Natixis Advisors LLC bought a new position in shares of FTAI Aviation in the third quarter worth $1,891,000. Avior Wealth Management LLC raised its position in shares of FTAI Aviation by 101.4% in the third quarter. Avior Wealth Management LLC now owns 5,074 shares of the financial services provider’s stock worth $674,000 after buying an additional 2,555 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in FTAI Aviation during the third quarter valued at $3,651,000. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

FTAI Aviation Trading Down 2.5 %

Shares of NYSE:FTAI opened at $114.00 on Friday. The stock has a market cap of $11.69 billion, a PE ratio of -1,139.89 and a beta of 2.06. The stock’s fifty day simple moving average is $111.74 and its two-hundred day simple moving average is $133.07. FTAI Aviation has a 1-year low of $65.00 and a 1-year high of $181.64.

FTAI Aviation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 14th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.05%. FTAI Aviation’s dividend payout ratio is currently -342.86%.

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.