American Assets Capital Advisers LLC Sells 23,542 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

American Assets Capital Advisers LLC cut its holdings in FTAI Aviation Ltd. (NYSE:FTAI) by 14.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 139,304 shares of the financial services provider’s stock after selling 23,542 shares during the quarter. FTAI Aviation comprises 5.7% of American Assets Capital Advisers LLC’s portfolio, making the stock its 6th largest position. American Assets Capital Advisers LLC’s holdings in FTAI Aviation were worth $18,514,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of FTAI. Foundations Investment Advisors LLC increased its stake in shares of FTAI Aviation by 5.8% in the 3rd quarter. Foundations Investment Advisors LLC now owns 2,645 shares of the financial services provider’s stock valued at $352,000 after acquiring an additional 145 shares during the last quarter. Farther Finance Advisors LLC increased its stake in FTAI Aviation by 118.1% in the third quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 189 shares in the last quarter. Hsbc Holdings PLC increased its stake in FTAI Aviation by 2.0% in the second quarter. Hsbc Holdings PLC now owns 11,255 shares of the financial services provider’s stock valued at $1,163,000 after purchasing an additional 216 shares in the last quarter. Xponance Inc. raised its holdings in FTAI Aviation by 4.1% in the second quarter. Xponance Inc. now owns 6,275 shares of the financial services provider’s stock worth $648,000 after purchasing an additional 248 shares during the period. Finally, Atria Investments Inc boosted its position in shares of FTAI Aviation by 3.9% during the third quarter. Atria Investments Inc now owns 6,630 shares of the financial services provider’s stock worth $881,000 after purchasing an additional 251 shares in the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $160.00 price objective on shares of FTAI Aviation in a research report on Friday, November 1st. BTIG Research assumed coverage on FTAI Aviation in a report on Monday, August 26th. They issued a “buy” rating and a $140.00 price target for the company. Compass Point raised their price target on FTAI Aviation from $118.00 to $156.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. StockNews.com upgraded FTAI Aviation to a “sell” rating in a research report on Friday, August 2nd. Finally, Jefferies Financial Group increased their target price on FTAI Aviation from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Two analysts have rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $162.09.

FTAI Aviation Price Performance

NYSE:FTAI traded down $2.08 during trading hours on Tuesday, reaching $162.60. 191,311 shares of the stock were exchanged, compared to its average volume of 1,045,642. The stock has a market cap of $16.62 billion, a PE ratio of -1,646.64 and a beta of 2.04. FTAI Aviation Ltd. has a twelve month low of $40.01 and a twelve month high of $165.91. The firm has a 50 day moving average of $135.65 and a 200 day moving average of $110.10.

FTAI Aviation (NYSE:FTAI) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.01). FTAI Aviation had a return on equity of 198.02% and a net margin of 1.59%. The business had revenue of $465.80 million for the quarter, compared to analyst estimates of $422.45 million. During the same quarter in the previous year, the company posted $0.33 EPS. The business’s revenue for the quarter was up 60.0% compared to the same quarter last year. Equities research analysts anticipate that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date is Thursday, November 14th. FTAI Aviation’s dividend payout ratio is currently -1,199.88%.

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.