Short Interest in FTAI Aviation Ltd. (NASDAQ:FTAI) Rises By 23.1%

FTAI Aviation Ltd. (NASDAQ:FTAI) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 3,786,270 shares, a growth of 23.1% from the February 12th total of 3,075,318 shares. Based on an average daily trading volume, of 2,141,551 shares, the short-interest ratio is presently 1.8 days. Currently, 3.8% of the shares of the company are sold short. Currently, 3.8% of the shares of the company are sold short. Based on an average daily trading volume, of 2,141,551 shares, the short-interest ratio is presently 1.8 days.

Wall Street Analyst Weigh In

Several research firms have issued reports on FTAI. Morgan Stanley increased their target price on FTAI Aviation from $220.00 to $266.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 6th. Wolfe Research reiterated an “outperform” rating and set a $225.00 price objective on shares of FTAI Aviation in a research note on Wednesday, December 31st. Citizens Jmp increased their price objective on FTAI Aviation from $230.00 to $325.00 and gave the stock a “market outperform” rating in a report on Thursday, January 29th. BTIG Research lifted their target price on FTAI Aviation from $335.00 to $340.00 and gave the company a “buy” rating in a report on Friday. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $350.00 price target on shares of FTAI Aviation in a research report on Monday, February 9th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, FTAI Aviation currently has an average rating of “Moderate Buy” and an average target price of $292.78.

FTAI Aviation Price Performance

Shares of FTAI traded down $1.46 during mid-day trading on Tuesday, reaching $234.64. 695,643 shares of the stock traded hands, compared to its average volume of 1,898,566. The company has a market cap of $24.07 billion, a price-to-earnings ratio of 50.79, a price-to-earnings-growth ratio of 0.90 and a beta of 1.50. FTAI Aviation has a 1 year low of $81.45 and a 1 year high of $323.51. The firm has a fifty day moving average price of $272.71 and a 200 day moving average price of $206.77. The company has a current ratio of 5.28, a quick ratio of 2.30 and a debt-to-equity ratio of 10.32.

FTAI Aviation (NASDAQ:FTAI) last posted its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.14). FTAI Aviation had a net margin of 19.98% and a return on equity of 257.07%. The business had revenue of $662.03 million for the quarter, compared to the consensus estimate of $710.37 million. During the same period in the prior year, the business posted $0.84 EPS. FTAI Aviation’s quarterly revenue was up 32.7% on a year-over-year basis. As a group, equities research analysts predict that FTAI Aviation will post 2.2 earnings per share for the current year.

FTAI Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Friday, March 13th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, March 13th. FTAI Aviation’s dividend payout ratio is 34.63%.

Institutional Investors Weigh In On FTAI Aviation

Several hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC purchased a new stake in shares of FTAI Aviation during the 1st quarter valued at $242,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in FTAI Aviation during the second quarter valued at about $543,000. Allworth Financial LP raised its position in FTAI Aviation by 737.1% during the second quarter. Allworth Financial LP now owns 1,398 shares of the financial services provider’s stock valued at $161,000 after purchasing an additional 1,231 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its stake in FTAI Aviation by 378.3% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 97,834 shares of the financial services provider’s stock worth $11,255,000 after purchasing an additional 77,381 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of FTAI Aviation by 41.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 9,656 shares of the financial services provider’s stock worth $1,111,000 after purchasing an additional 2,829 shares in the last quarter. 88.96% of the stock is currently owned by institutional investors.

FTAI Aviation Company Profile

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.