Media stories about Air Lease Corporation (NYSE:AL) have been trending somewhat positive this week, AlphaOne Sentiment reports. AlphaOne, a unit of Accern, identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Air Lease Corporation earned a daily sentiment score of 0.16 on AlphaOne’s scale. AlphaOne also gave news coverage about the transportation company an impact score of 58 out of 100, indicating that recent news coverage is somewhat likely to have an effect on the company’s share price in the near future.
Here are some of the news headlines that may have impacted Alpha One Sentiment Analysis’s rankings:
- Capital Counsel Lowered Its Air Lease Class A (AL) Position by $5.82 Million as Share Value Declined; As Dollar … – BZ Weekly (bzweekly.com)
- Air Lease Corp. : AL-US: Dividend Analysis : June 14th, 2017 (record date) : By the numbers : June 15, 2017 (finance.yahoo.com)
- Insider Selling: Air Lease Corporation (AL) EVP Sells 27,854 Shares of Stock (americanbankingnews.com)
- Klingenstein Fields & Co LLC Lifted Its Stake in Air Lease Corp (AL) by $6.43 Million – KL Daily (kldaily.com)
- Southport Management Has Lifted Air Lease (AL) Holding by $340000; Knightsbridge Asset Management Has … – BZ Weekly (bzweekly.com)
AL has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of Air Lease Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, May 30th. Morgan Stanley lowered shares of Air Lease Corporation from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $40.00 to $42.00 in a research note on Thursday, April 6th. FBR & Co lowered their target price on shares of Air Lease Corporation from $47.00 to $45.00 and set an “outperform” rating for the company in a research note on Friday, May 5th. Royal Bank of Canada reissued a “buy” rating on shares of Air Lease Corporation in a research note on Friday, May 5th. Finally, Cowen and Company boosted their target price on shares of Air Lease Corporation from $37.00 to $41.00 and gave the company an “outperform” rating in a research note on Friday, February 24th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Air Lease Corporation has an average rating of “Buy” and a consensus target price of $44.33.
Air Lease Corporation (NYSE:AL) traded down 1.12% during mid-day trading on Friday, reaching $38.01. 642,810 shares of the company were exchanged. The stock has a market capitalization of $3.92 billion, a price-to-earnings ratio of 11.32 and a beta of 1.69. Air Lease Corporation has a 1-year low of $24.49 and a 1-year high of $40.24. The stock’s 50-day moving average price is $37.46 and its 200-day moving average price is $37.19.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 11th. Stockholders of record on Wednesday, June 14th will be paid a $0.075 dividend. The ex-dividend date is Monday, June 12th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.79%. Air Lease Corporation’s dividend payout ratio (DPR) is currently 8.90%.
In other news, EVP Grant A. Levy sold 27,854 shares of the stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $38.16, for a total value of $1,062,908.64. Following the completion of the sale, the executive vice president now owns 210,824 shares in the company, valued at $8,045,043.84. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Kishore Korde sold 2,000 shares of the stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $38.00, for a total value of $76,000.00. Following the completion of the transaction, the executive vice president now directly owns 86,410 shares of the company’s stock, valued at approximately $3,283,580. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,854 shares of company stock valued at $1,214,909. Insiders own 9.76% of the company’s stock.
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Air Lease Corporation Company Profile
Air Lease Corporation is an aircraft leasing company. The Company is principally engaged in purchasing new commercial jet transport aircraft directly from aircraft manufacturers, such as The Boeing Company (Boeing) and Airbus SAS. (Airbus), and leasing those aircraft to airlines across the world. Along with its leasing activities, the Company sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies and airlines.
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