FTAI Aviation (NYSE:FTAI) Given New $180.00 Price Target at JMP Securities

FTAI Aviation (NYSE:FTAI) had its price objective lowered by JMP Securities from $190.00 to $180.00 in a research report sent to investors on Thursday,Benzinga reports. JMP Securities currently has a market outperform rating on the financial services provider’s stock.

FTAI has been the subject of a number of other reports. Citigroup reaffirmed a “buy” rating on shares of FTAI Aviation in a report on Thursday, March 6th. Stifel Nicolaus upgraded shares of FTAI Aviation from a “hold” rating to a “buy” rating and set a $123.00 price target for the company in a research note on Friday, May 2nd. Wolfe Research raised FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective on the stock in a report on Friday, January 10th. Morgan Stanley dropped their target price on FTAI Aviation from $168.00 to $138.00 and set an “overweight” rating for the company in a report on Friday, April 11th. Finally, Barclays decreased their price target on FTAI Aviation from $180.00 to $150.00 and set an “overweight” rating on the stock in a research note on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, FTAI Aviation currently has an average rating of “Moderate Buy” and a consensus price target of $171.83.

FTAI Aviation Stock Down 2.6 %

Shares of FTAI opened at $107.12 on Thursday. The stock’s 50-day moving average price is $103.06 and its 200 day moving average price is $125.32. The firm has a market capitalization of $10.99 billion, a price-to-earnings ratio of -1,071.09 and a beta of 1.64. FTAI Aviation has a 12-month low of $75.06 and a 12-month high of $181.64.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.08). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The firm’s revenue was up 53.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.31 EPS. Equities research analysts expect that FTAI Aviation will post 2.2 EPS for the current year.

FTAI Aviation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 16th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Friday, May 16th. FTAI Aviation’s dividend payout ratio is currently 571.43%.

Insider Activity

In other news, insider Stacy Kuperus purchased 1,087 shares of the business’s stock in a transaction dated Friday, May 2nd. The shares were acquired at an average price of $92.90 per share, with a total value of $100,982.30. Following the completion of the purchase, the insider now directly owns 88,423 shares of the company’s stock, valued at $8,214,496.70. The trade was a 1.24 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO David Moreno acquired 6,580 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was purchased at an average price of $94.85 per share, with a total value of $624,113.00. Following the completion of the transaction, the chief operating officer now owns 231,623 shares of the company’s stock, valued at approximately $21,969,441.55. This trade represents a 2.92 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 10,667 shares of company stock valued at $1,008,715 over the last three months. 1.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc grew its position in shares of FTAI Aviation by 420.9% during the 1st quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider’s stock worth $25,000 after buying an additional 181 shares during the period. Virtus Fund Advisers LLC acquired a new position in FTAI Aviation during the fourth quarter valued at approximately $26,000. Transce3nd LLC bought a new stake in FTAI Aviation in the fourth quarter valued at approximately $29,000. Kapitalo Investimentos Ltda acquired a new stake in FTAI Aviation in the fourth quarter worth $30,000. Finally, Rakuten Securities Inc. bought a new position in shares of FTAI Aviation during the first quarter worth $34,000. 88.96% of the stock is currently owned by institutional investors.

About FTAI Aviation

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.