Aircastle Limited (NYSE:AYR) Stake Raised by Foundry Partners LLC
Foundry Partners LLC raised its position in Aircastle Limited (NYSE:AYR) by 10.0% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 707,443 shares of the transportation company’s stock after buying an additional 64,501 shares during the period. Foundry Partners LLC’s holdings in Aircastle Limited were worth $15,387,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the company. Russell Investments Group Ltd. acquired a new stake in Aircastle Limited during the fourth quarter worth $172,000. 361 Capital LLC acquired a new stake in Aircastle Limited during the first quarter worth $200,000. Principal Financial Group Inc. acquired a new stake in Aircastle Limited during the first quarter worth $203,000. Violich Capital Management Inc. acquired a new stake in Aircastle Limited during the first quarter worth $209,000. Finally, MARSHALL WACE ASIA Ltd acquired a new stake in Aircastle Limited during the first quarter worth $220,000. 62.84% of the stock is owned by hedge funds and other institutional investors.
Shares of Aircastle Limited (AYR) opened at 22.45 on Friday. The firm has a market cap of $1.77 billion, a PE ratio of 13.54 and a beta of 1.81. Aircastle Limited has a 12 month low of $18.26 and a 12 month high of $25.98. The firm’s 50-day moving average price is $22.48 and its 200-day moving average price is $22.90.
Aircastle Limited (NYSE:AYR) last released its quarterly earnings data on Tuesday, August 8th. The transportation company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by $0.58. Aircastle Limited had a net margin of 15.75% and a return on equity of 7.41%. The company had revenue of $223.53 million during the quarter, compared to analyst estimates of $206.10 million. During the same quarter in the prior year, the company earned $0.31 EPS. The business’s revenue was up 17.7% on a year-over-year basis. Analysts expect that Aircastle Limited will post $2.09 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be paid a $0.26 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $1.04 annualized dividend and a yield of 4.63%. Aircastle Limited’s dividend payout ratio is presently 62.65%.
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AYR has been the subject of a number of recent analyst reports. Zacks Investment Research raised Aircastle Limited from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Tuesday, July 4th. Barclays PLC initiated coverage on Aircastle Limited in a research report on Monday, July 10th. They issued an “equal weight” rating and a $24.00 price objective for the company. Royal Bank Of Canada reissued a “hold” rating and issued a $25.00 price objective on shares of Aircastle Limited in a research report on Friday, April 21st. Cowen and Company reissued a “market perform” rating and issued a $26.00 price objective (up previously from $25.00) on shares of Aircastle Limited in a research report on Thursday. Finally, Wells Fargo & Company reissued a “market perform” rating and issued a $24.00 price objective (down previously from $26.00) on shares of Aircastle Limited in a research report on Thursday, May 25th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. Aircastle Limited has an average rating of “Hold” and a consensus price target of $24.30.
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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