StockNews.com Upgrades FTAI Aviation (NYSE:FTAI) to Sell

StockNews.com upgraded shares of FTAI Aviation (NYSE:FTAI) to a sell rating in a report released on Friday morning.

Several other research analysts have also recently commented on FTAI. Stifel Nicolaus lowered their price target on shares of FTAI Aviation from $167.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. Wolfe Research upgraded shares of FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective for the company in a research report on Friday, January 10th. Royal Bank of Canada restated an “outperform” rating and set a $160.00 price objective on shares of FTAI Aviation in a research report on Wednesday, January 22nd. BTIG Research boosted their price objective on shares of FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. Finally, Benchmark boosted their price objective on shares of FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $171.75.

FTAI Aviation Stock Performance

Shares of FTAI stock opened at $128.71 on Friday. The stock has a market capitalization of $13.20 billion, a P/E ratio of -1,286.97 and a beta of 2.05. The company has a 50 day moving average price of $125.10 and a 200 day moving average price of $134.10. FTAI Aviation has a fifty-two week low of $54.84 and a fifty-two week high of $181.64.

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 14th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.20 annualized dividend and a yield of 0.93%. FTAI Aviation’s dividend payout ratio is currently -342.86%.

Hedge Funds Weigh In On FTAI Aviation

Institutional investors have recently bought and sold shares of the company. Virtus Fund Advisers LLC acquired a new position in shares of FTAI Aviation during the 4th quarter worth $26,000. Brown Brothers Harriman & Co. acquired a new stake in FTAI Aviation in the 3rd quarter valued at about $26,000. Transce3nd LLC acquired a new stake in FTAI Aviation in the 4th quarter valued at about $29,000. Kapitalo Investimentos Ltda purchased a new position in FTAI Aviation in the 4th quarter valued at about $30,000. Finally, Anchor Investment Management LLC purchased a new position in FTAI Aviation in the 3rd quarter valued at about $31,000. 88.96% of the stock is owned by institutional investors and hedge funds.

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.