Aircastle Ltd. (AYR) Rating Reiterated by FBR & Co
Aircastle Ltd. (NYSE:AYR)‘s stock had its “hold” rating reiterated by equities researchers at FBR & Co in a research report issued on Monday. They presently have a $23.00 price target on the stock. FBR & Co’s price objective indicates a potential upside of 20.17% from the stock’s previous close.
Several other brokerages also recently issued reports on AYR. TheStreet downgraded Aircastle from a “buy” rating to a “hold” rating in a research note on Tuesday, September 6th. Zacks Investment Research downgraded Aircastle from a “hold” rating to a “sell” rating in a research note on Tuesday, August 9th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $23.10.
Aircastle (NYSE:AYR) opened at 19.14 on Monday. Aircastle has a one year low of $15.06 and a one year high of $23.49. The company has a market cap of $1.51 billion, a P/E ratio of 16.56 and a beta of 1.88. The company’s 50 day moving average price is $21.04 and its 200-day moving average price is $21.22.
Aircastle (NYSE:AYR) last issued its earnings results on Thursday, August 4th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by $0.10. The business had revenue of $190 million for the quarter, compared to the consensus estimate of $188.25 million. Aircastle had a net margin of 11.68% and a return on equity of 5.70%. The firm’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same period last year, the business posted $0.58 EPS. On average, analysts forecast that Aircastle will post $1.81 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Friday, August 26th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.02%. The ex-dividend date was Wednesday, August 24th. Aircastle’s dividend payout ratio (DPR) is 82.05%.
In other news, insider Joseph Schreiner sold 4,998 shares of Aircastle stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $21.77, for a total value of $108,806.46. Following the completion of the transaction, the insider now owns 35,208 shares in the company, valued at approximately $766,478.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.70% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA boosted its position in shares of Aircastle by 78.6% in the second quarter. BNP Paribas Arbitrage SA now owns 6,179 shares of the company’s stock worth $121,000 after buying an additional 2,720 shares during the period. Teacher Retirement System of Texas boosted its position in shares of Aircastle by 3.6% in the second quarter. Teacher Retirement System of Texas now owns 8,268 shares of the company’s stock worth $162,000 after buying an additional 288 shares during the period. Farmers National Bank bought a new position in shares of Aircastle during the second quarter worth approximately $163,000. Suntrust Banks Inc. boosted its position in shares of Aircastle by 6.3% in the second quarter. Suntrust Banks Inc. now owns 10,109 shares of the company’s stock worth $197,000 after buying an additional 596 shares during the period. Finally, LMR Partners LLP bought a new position in shares of Aircastle during the second quarter worth approximately $204,000. Hedge funds and other institutional investors own 65.19% of the company’s stock.
Aircastle Company Profile
Aircastle Limited is a holding company. The Company, through its subsidiaries, is engaged in investing in aviation assets, including acquiring, leasing, managing and selling utility commercial jet aircraft. The Company operates through leasing, financing, selling and managing commercial flight equipment segment.
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