FTAI Aviation’s (FTAI) Buy Rating Reiterated at BTIG Research

BTIG Research restated their buy rating on shares of FTAI Aviation (NASDAQ:FTAI) in a report issued on Tuesday,Benzinga reports. The brokerage currently has a $230.00 target price on the financial services provider’s stock.

Other research analysts have also issued research reports about the company. Jones Trading assumed coverage on FTAI Aviation in a research report on Friday, October 10th. They set a “buy” rating and a $306.00 target price on the stock. Royal Bank Of Canada lifted their target price on shares of FTAI Aviation from $185.00 to $200.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Zacks Research downgraded shares of FTAI Aviation from a “hold” rating to a “strong sell” rating in a research note on Thursday, December 11th. Weiss Ratings restated a “hold (c)” rating on shares of FTAI Aviation in a research report on Monday, December 15th. Finally, Wall Street Zen downgraded shares of FTAI Aviation from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $208.00.

FTAI Aviation Stock Performance

FTAI stock opened at $196.85 on Tuesday. FTAI Aviation has a one year low of $75.06 and a one year high of $201.00. The firm’s fifty day moving average is $170.70 and its 200 day moving average is $154.15. The firm has a market cap of $20.19 billion, a PE ratio of 44.94 and a beta of 1.54.

FTAI Aviation (NASDAQ:FTAI) last posted its earnings results on Monday, October 27th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.09). FTAI Aviation had a return on equity of 370.51% and a net margin of 20.82%.The firm had revenue of $667.06 million for the quarter, compared to analysts’ expectations of $662.51 million. During the same period in the previous year, the company earned $0.76 earnings per share. The company’s revenue was up 43.2% compared to the same quarter last year. Research analysts predict that FTAI Aviation will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Monday, November 10th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.40 dividend on an annualized basis and a yield of 0.7%. FTAI Aviation’s payout ratio is 31.96%.

Insiders Place Their Bets

In other news, COO David Moreno purchased 4,354 shares of the company’s stock in a transaction dated Thursday, November 13th. The stock was acquired at an average price of $153.89 per share, with a total value of $670,037.06. Following the purchase, the chief operating officer directly owned 4,354 shares in the company, valued at approximately $670,037.06. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 1.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FTAI. Mather Group LLC. purchased a new position in FTAI Aviation in the third quarter worth approximately $28,000. Parallel Advisors LLC lifted its stake in shares of FTAI Aviation by 78.5% in the 2nd quarter. Parallel Advisors LLC now owns 307 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 135 shares during the last quarter. Global Retirement Partners LLC grew its holdings in shares of FTAI Aviation by 880.0% during the 3rd quarter. Global Retirement Partners LLC now owns 343 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 308 shares during the period. Armstrong Advisory Group Inc. acquired a new stake in shares of FTAI Aviation during the 2nd quarter worth about $60,000. Finally, GAMMA Investing LLC increased its position in shares of FTAI Aviation by 22.7% during the 3rd quarter. GAMMA Investing LLC now owns 525 shares of the financial services provider’s stock worth $88,000 after purchasing an additional 97 shares during the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.

About FTAI Aviation

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.