Short Interest in FTAI Aviation Ltd. (NASDAQ:FTAI) Rises By 47.1%

FTAI Aviation Ltd. (NASDAQ:FTAI) was the target of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 5,571,113 shares, a growth of 47.1% from the February 26th total of 3,786,270 shares. Based on an average daily volume of 1,705,875 shares, the days-to-cover ratio is presently 3.3 days. Currently, 5.5% of the shares of the stock are short sold.

Institutional Investors Weigh In On FTAI Aviation

A number of institutional investors and hedge funds have recently bought and sold shares of FTAI. Mather Group LLC. purchased a new stake in shares of FTAI Aviation during the third quarter valued at approximately $28,000. Garton & Associates Financial Advisors LLC purchased a new stake in FTAI Aviation in the 4th quarter worth about $30,000. Greenline Wealth Management LLC bought a new stake in FTAI Aviation in the 4th quarter valued at about $50,000. Global Retirement Partners LLC lifted its holdings in FTAI Aviation by 880.0% during the third quarter. Global Retirement Partners LLC now owns 343 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 308 shares during the last quarter. Finally, First Horizon Corp increased its stake in shares of FTAI Aviation by 131.9% in the fourth quarter. First Horizon Corp now owns 320 shares of the financial services provider’s stock worth $63,000 after purchasing an additional 182 shares in the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FTAI has been the subject of a number of recent analyst reports. Citigroup reiterated an “outperform” rating on shares of FTAI Aviation in a report on Thursday, January 29th. Citizens Jmp increased their price target on FTAI Aviation from $230.00 to $325.00 and gave the stock a “market outperform” rating in a report on Thursday, January 29th. Weiss Ratings upgraded FTAI Aviation from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 16th. BTIG Research increased their target price on shares of FTAI Aviation from $335.00 to $340.00 and gave the stock a “buy” rating in a report on Friday, March 13th. Finally, Barclays increased their price target on shares of FTAI Aviation from $260.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Eleven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $295.78.

FTAI Aviation Price Performance

FTAI stock opened at $239.06 on Monday. The company has a fifty day moving average price of $270.83 and a 200-day moving average price of $212.00. FTAI Aviation has a 52-week low of $81.45 and a 52-week high of $323.51. The company has a debt-to-equity ratio of 10.32, a quick ratio of 2.30 and a current ratio of 5.28. The company has a market capitalization of $24.52 billion, a P/E ratio of 51.74, a PEG ratio of 0.90 and a beta of 1.50.

FTAI Aviation (NASDAQ:FTAI) last issued its earnings results 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). The company had revenue of $662.03 million for the quarter, compared to the consensus estimate of $710.37 million. FTAI Aviation had a return on equity of 257.07% and a net margin of 19.98%.The firm’s revenue was up 32.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.84 earnings per share. As a group, equities analysts expect that FTAI Aviation will post 2.2 EPS for the current year.

FTAI Aviation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Stockholders of record on Friday, March 13th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $1.60 annualized dividend and a dividend yield of 0.7%. FTAI Aviation’s payout ratio is presently 34.63%.

About FTAI Aviation

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.