Aircastle Limited (AYR) Given Average Rating of “Hold” by Brokerages
Aircastle Limited (NYSE:AYR) has earned an average recommendation of “Hold” from the eleven research firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $25.13.
Several analysts recently issued reports on the company. Cowen and Company reiterated a “market perform” rating and set a $26.00 target price (up previously from $25.00) on shares of Aircastle Limited in a report on Thursday, August 10th. ValuEngine lowered Aircastle Limited from a “strong-buy” rating to a “buy” rating in a report on Monday, November 6th. BidaskClub lowered Aircastle Limited from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. Credit Suisse Group upped their target price on Aircastle Limited from $25.00 to $26.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. Finally, Zacks Investment Research lowered Aircastle Limited from a “hold” rating to a “sell” rating in a report on Monday, August 14th.
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Large investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN raised its stake in Aircastle Limited by 12.2% in the second quarter. Wells Fargo & Company MN now owns 121,120 shares of the transportation company’s stock valued at $2,635,000 after buying an additional 13,157 shares during the period. Renaissance Group LLC increased its stake in shares of Aircastle Limited by 9.6% during the second quarter. Renaissance Group LLC now owns 18,464 shares of the transportation company’s stock worth $402,000 after purchasing an additional 1,617 shares during the period. GSA Capital Partners LLP increased its stake in shares of Aircastle Limited by 47.5% during the second quarter. GSA Capital Partners LLP now owns 146,184 shares of the transportation company’s stock worth $3,180,000 after purchasing an additional 47,084 shares during the period. Vanguard Group Inc. increased its stake in shares of Aircastle Limited by 3.2% during the first quarter. Vanguard Group Inc. now owns 5,629,041 shares of the transportation company’s stock worth $135,829,000 after purchasing an additional 176,874 shares during the period. Finally, Uniplan Investment Counsel Inc. increased its stake in shares of Aircastle Limited by 8.6% during the second quarter. Uniplan Investment Counsel Inc. now owns 583,963 shares of the transportation company’s stock worth $12,701,000 after purchasing an additional 46,073 shares during the period. Hedge funds and other institutional investors own 61.51% of the company’s stock.
Aircastle Limited (AYR) traded up $0.06 on Friday, reaching $23.37. The company had a trading volume of 284,500 shares, compared to its average volume of 230,840. Aircastle Limited has a fifty-two week low of $20.50 and a fifty-two week high of $25.98. The company has a market capitalization of $1,839.41, a price-to-earnings ratio of 10.87 and a beta of 1.85.
Aircastle Limited (NYSE:AYR) last released its earnings results on Thursday, November 2nd. The transportation company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.15. Aircastle Limited had a return on equity of 9.18% and a net margin of 19.48%. The business had revenue of $191.41 million for the quarter, compared to analyst estimates of $184.02 million. During the same quarter in the prior year, the company posted $0.38 earnings per share. Aircastle Limited’s revenue was down 1.7% on a year-over-year basis.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be paid a $0.28 dividend. This is a positive change from Aircastle Limited’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.12 annualized dividend and a yield of 4.79%. Aircastle Limited’s dividend payout ratio is currently 50.98%.
About Aircastle Limited
Aircastle Limited is a holding company. The Company, through its subsidiaries, acquires, leases and sells commercial jet aircrafts to airlines. The Company is engaged in financing and managing commercial flight equipment. The Company manages its aircrafts in the United States, Ireland and Singapore. As of December 31, 2016, the Company owned and managed on behalf of its joint ventures 206 aircrafts leased to 71 lessees located in 36 countries.
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