FTAI Aviation (NYSE:FTAI) Earns Outperform Rating from Royal Bank of Canada

Royal Bank of Canada reiterated their outperform rating on shares of FTAI Aviation (NYSE:FTAI) in a research note issued to investors on Wednesday morning,Benzinga reports. The brokerage currently has a $160.00 price objective on the financial services provider’s stock.

FTAI has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft upped their price target on shares of FTAI Aviation from $125.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Morgan Stanley reiterated an “underperform” rating on shares of FTAI Aviation in a research report on Friday, October 18th. Compass Point increased their target price on shares of FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. StockNews.com upgraded shares of FTAI Aviation to a “sell” rating in a research report on Tuesday. Finally, Citigroup increased their target price on shares of FTAI Aviation from $134.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Two investment analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $171.75.

FTAI Aviation Stock Performance

Shares of NYSE:FTAI opened at $90.98 on Wednesday. The company has a market cap of $9.33 billion, a PE ratio of -909.71 and a beta of 2.09. FTAI Aviation has a 52 week low of $51.03 and a 52 week high of $181.64. The firm has a 50 day simple moving average of $144.02 and a 200 day simple moving average of $131.91.

FTAI Aviation (NYSE:FTAI) last issued its quarterly 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). The firm had revenue of $465.80 million during the quarter, compared to analysts’ expectations of $422.45 million. FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The firm’s revenue was up 60.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.33 EPS. On average, equities analysts predict that FTAI Aviation will post 2.21 earnings per share for the current year.

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.32%. FTAI Aviation’s payout ratio is presently -1,199.88%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. McAdam LLC acquired a new position in FTAI Aviation in the 4th quarter valued at $260,000. Ibex Wealth Advisors acquired a new stake in FTAI Aviation in the 4th quarter worth $3,518,000. Vantage Investment Partners LLC grew its position in FTAI Aviation by 21.2% in the 4th quarter. Vantage Investment Partners LLC now owns 298,778 shares of the financial services provider’s stock worth $43,036,000 after purchasing an additional 52,207 shares during the last quarter. Verde Servicos Internacionais S.A. acquired a new stake in FTAI Aviation in the 4th quarter worth $9,776,000. Finally, KBC Group NV grew its position in FTAI Aviation by 53.0% in the 4th quarter. KBC Group NV now owns 4,138 shares of the financial services provider’s stock worth $596,000 after purchasing an additional 1,433 shares during the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.

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.