FTAI Aviation (NYSE:FTAI) Stock Price Down 7.6% – Here’s What Happened

FTAI Aviation Ltd. (NYSE:FTAI)’s stock price was down 7.6% during trading on Thursday . The stock traded as low as $129.90 and last traded at $129.72. Approximately 490,022 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 3,871,653 shares. The stock had previously closed at $140.32.

Analyst Ratings Changes

Several equities research analysts have recently commented on FTAI shares. Benchmark boosted their target price on shares of FTAI Aviation from $150.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Stifel Nicolaus reduced their price target on FTAI Aviation from $167.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. Wolfe Research raised FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective for the company in a research note on Friday, January 10th. StockNews.com raised FTAI Aviation to a “sell” rating in a research note on Friday. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $160.00 target price on shares of FTAI Aviation in a research note on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $171.75.

FTAI Aviation Stock Down 0.7 %

The firm has a market cap of $13.20 billion, a P/E ratio of -1,286.97 and a beta of 2.05. The firm has a fifty day moving average of $125.10 and a 200-day moving average of $134.10.

FTAI Aviation Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, March 14th will be issued a dividend of $0.30 per share. 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 payout ratio is presently -342.86%.

Hedge Funds Weigh In On FTAI Aviation

A number of institutional investors have recently bought and sold shares of the business. Orion Portfolio Solutions LLC increased its position in FTAI Aviation by 2.9% during the third quarter. Orion Portfolio Solutions LLC now owns 3,634 shares of the financial services provider’s stock worth $483,000 after buying an additional 102 shares during the last quarter. Merit Financial Group LLC grew its position in FTAI Aviation by 2.5% during the fourth quarter. Merit Financial Group LLC now owns 4,256 shares of the financial services provider’s stock worth $613,000 after buying an additional 105 shares in the last quarter. MML Investors Services LLC grew its position in FTAI Aviation by 6.3% during the third quarter. MML Investors Services LLC now owns 2,166 shares of the financial services provider’s stock worth $288,000 after buying an additional 129 shares in the last quarter. CIBC Asset Management Inc grew its position in FTAI Aviation by 4.5% during the fourth quarter. CIBC Asset Management Inc now owns 3,389 shares of the financial services provider’s stock worth $488,000 after buying an additional 147 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in FTAI Aviation by 7.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,405 shares of the financial services provider’s stock worth $346,000 after purchasing an additional 161 shares during the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.

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.