FTAI Aviation’s (FTAI) Buy Rating Reaffirmed at Benchmark

Benchmark reiterated their buy rating on shares of FTAI Aviation (NYSE:FTAI) in a research note released on Friday morning, Benzinga reports. Benchmark currently has a $100.00 target price on the financial services provider’s stock.

Other analysts have also issued research reports about the company. Morgan Stanley upped their price objective on FTAI Aviation from $58.00 to $70.00 and gave the company an overweight rating in a research note on Tuesday, February 27th. Compass Point raised their price target on FTAI Aviation from $88.00 to $96.00 and gave the company a buy rating in a report on Wednesday, May 29th. JMP Securities upped their price objective on shares of FTAI Aviation from $66.00 to $85.00 and gave the company a market outperform rating in a report on Monday, April 29th. Royal Bank of Canada assumed coverage on shares of FTAI Aviation in a research note on Friday, May 3rd. They set an outperform rating and a $85.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of FTAI Aviation from $84.00 to $90.00 and gave the stock a buy rating in a report on Thursday, May 30th. One research analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, FTAI Aviation currently has a consensus rating of Moderate Buy and an average target price of $72.50.

FTAI Aviation Trading Down 0.9 %

NYSE FTAI opened at $81.95 on Friday. FTAI Aviation has a 12 month low of $27.94 and a 12 month high of $86.31. The stock has a 50 day moving average of $75.67 and a 200-day moving average of $59.67. The company has a market cap of $8.22 billion, a PE ratio of 37.42 and a beta of 1.95.

FTAI Aviation (NYSE:FTAI) last announced its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.06). The firm had revenue of $326.70 million during the quarter, compared to analyst estimates of $302.07 million. FTAI Aviation had a net margin of 21.08% and a return on equity of 188.45%. The business’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.22 EPS. As a group, sell-side analysts predict that FTAI Aviation will post 1.93 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Friday, May 10th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend was Thursday, May 9th. FTAI Aviation’s dividend payout ratio is currently 54.79%.

Insiders Place Their Bets

In related news, CEO Joseph P. Jr. Adams bought 59,000 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was purchased at an average cost of $82.00 per share, for a total transaction of $4,838,000.00. Following the transaction, the chief executive officer now owns 197,382 shares in the company, valued at approximately $16,185,324. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio lifted its stake in FTAI Aviation by 37.4% during the third quarter. Public Employees Retirement System of Ohio now owns 848 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 231 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in FTAI Aviation by 25.2% in the third quarter. PNC Financial Services Group Inc. now owns 3,264 shares of the financial services provider’s stock valued at $116,000 after buying an additional 657 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in FTAI Aviation by 1.8% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 39,944 shares of the financial services provider’s stock valued at $2,688,000 after acquiring an additional 718 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in FTAI Aviation by 2.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,389 shares of the financial services provider’s stock worth $2,106,000 after acquiring an additional 902 shares in the last quarter. Finally, CWM LLC bought a new position in shares of FTAI Aviation in the fourth quarter worth about $43,000. 88.96% of the stock is owned by institutional investors.

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.