FTAI Aviation (NYSE:FTAI) Coverage Initiated by Analysts at Royal Bank of Canada

Royal Bank of Canada began coverage on shares of FTAI Aviation (NYSE:FTAI) in a research note released on Friday, Marketbeat.com reports. The firm issued an outperform rating and a $85.00 price objective on the financial services provider’s stock.

Other equities research analysts have also issued reports about the company. Benchmark reissued a buy rating and set a $100.00 price target on shares of FTAI Aviation in a research note on Thursday. Stifel Nicolaus raised their price target on FTAI Aviation from $59.00 to $66.00 and gave the stock a hold rating in a research note on Monday, April 29th. Compass Point raised their price target on FTAI Aviation from $71.00 to $88.00 and gave the stock a buy rating in a research note on Friday, April 26th. Morgan Stanley raised their price target on FTAI Aviation from $58.00 to $70.00 and gave the stock an overweight rating in a research note on Tuesday, February 27th. Finally, StockNews.com lowered FTAI Aviation from a hold rating to a sell rating in a research note on Friday, April 12th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $68.95.

FTAI Aviation Stock Up 3.7 %

NYSE FTAI traded up $2.81 during trading on Friday, hitting $78.32. 1,315,806 shares of the stock traded hands, compared to its average volume of 1,061,687. The company has a market capitalization of $7.85 billion, a P/E ratio of 34.48 and a beta of 1.90. The firm has a 50-day simple moving average of $65.87 and a 200-day simple moving average of $52.57. FTAI Aviation has a 12-month low of $26.82 and a 12-month high of $79.60.

FTAI Aviation (NYSE:FTAI) last announced its 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 company had revenue of $326.70 million during the quarter, compared to analysts’ expectations of $302.07 million. FTAI Aviation had a return on equity of 188.45% and a net margin of 21.08%. FTAI Aviation’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.22 EPS. As a group, research analysts predict that FTAI Aviation will post 1.88 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Friday, May 10th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Thursday, May 9th. FTAI Aviation’s dividend payout ratio (DPR) is presently 54.79%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in FTAI Aviation by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 8,507,122 shares of the financial services provider’s stock worth $394,730,000 after buying an additional 84,611 shares during the last quarter. FMR LLC increased its holdings in shares of FTAI Aviation by 179.7% in the third quarter. FMR LLC now owns 6,216,983 shares of the financial services provider’s stock valued at $221,014,000 after purchasing an additional 3,994,578 shares during the period. CIBC Private Wealth Group LLC increased its holdings in shares of FTAI Aviation by 90.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,858,682 shares of the financial services provider’s stock valued at $132,643,000 after purchasing an additional 1,359,302 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of FTAI Aviation by 36.8% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,736,600 shares of the financial services provider’s stock valued at $97,286,000 after purchasing an additional 736,400 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in shares of FTAI Aviation by 1.2% in the third quarter. Ameriprise Financial Inc. now owns 2,657,619 shares of the financial services provider’s stock valued at $94,478,000 after purchasing an additional 31,815 shares during the period. 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.