Raymond James Trust N.A. Acquires New Position in FTAI Aviation Ltd. (NYSE:FTAI)

Raymond James Trust N.A. acquired a new stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) in the third quarter, HoldingsChannel.com reports. The firm acquired 1,508 shares of the financial services provider’s stock, valued at approximately $200,000.

Several other large investors have also bought and sold shares of the company. Oppenheimer & Co. Inc. increased its position in shares of FTAI Aviation by 96.8% during the third quarter. Oppenheimer & Co. Inc. now owns 8,349 shares of the financial services provider’s stock valued at $1,110,000 after acquiring an additional 4,106 shares in the last quarter. Concurrent Investment Advisors LLC purchased a new stake in FTAI Aviation during the 3rd quarter valued at $498,000. Diversified Trust Co bought a new stake in shares of FTAI Aviation in the 3rd quarter worth $1,738,000. Charles Schwab Investment Management Inc. raised its stake in shares of FTAI Aviation by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,047,572 shares of the financial services provider’s stock worth $139,222,000 after purchasing an additional 35,888 shares during the last quarter. Finally, Carnegie Investment Counsel purchased a new position in shares of FTAI Aviation in the third quarter worth $532,000. 88.96% of the stock is owned by hedge funds and other institutional investors.

FTAI Aviation Stock Performance

NYSE FTAI opened at $165.32 on Friday. The business’s fifty day moving average is $146.88 and its 200 day moving average is $117.49. FTAI Aviation Ltd. has a fifty-two week low of $40.29 and a fifty-two week high of $177.18. The company has a market capitalization of $16.95 billion, a PE ratio of -1,653.03 and a beta of 2.04.

FTAI Aviation (NYSE:FTAI) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). The company had revenue of $465.80 million for the quarter, compared to analysts’ expectations of $422.45 million. FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The firm’s quarterly revenue was up 60.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.33 earnings per share. On average, sell-side analysts forecast that FTAI Aviation Ltd. will post 2.21 EPS for the current year.

FTAI Aviation Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Thursday, November 14th. FTAI Aviation’s dividend payout ratio is currently -1,199.88%.

Analysts Set New Price Targets

Several research firms recently commented on FTAI. Deutsche Bank Aktiengesellschaft lifted their price objective on FTAI Aviation from $125.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Benchmark lifted their price target on shares of FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Citigroup increased their price objective on shares of FTAI Aviation from $134.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Morgan Stanley restated an “underperform” rating on shares of FTAI Aviation in a report on Friday, October 18th. Finally, Compass Point boosted their target price on shares of FTAI Aviation from $118.00 to $156.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $162.09.

FTAI Aviation 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.