American Assets Capital Advisers LLC Has $18.51 Million Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

American Assets Capital Advisers LLC reduced its holdings in FTAI Aviation Ltd. (NYSE:FTAI) by 14.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 139,304 shares of the financial services provider’s stock after selling 23,542 shares during the period. FTAI Aviation makes up about 5.7% of American Assets Capital Advisers LLC’s investment portfolio, making the stock its 6th largest position. American Assets Capital Advisers LLC owned about 0.14% of FTAI Aviation worth $18,514,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. SG Americas Securities LLC bought a new position in FTAI Aviation during the first quarter worth $384,000. Oppenheimer & Co. Inc. bought a new position in shares of FTAI Aviation during the 1st quarter worth about $285,000. Swiss National Bank raised its position in shares of FTAI Aviation by 0.6% during the first quarter. Swiss National Bank now owns 197,792 shares of the financial services provider’s stock valued at $13,311,000 after buying an additional 1,200 shares during the last quarter. Sei Investments Co. raised its position in shares of FTAI Aviation by 2.1% during the first quarter. Sei Investments Co. now owns 114,777 shares of the financial services provider’s stock valued at $7,724,000 after buying an additional 2,363 shares during the last quarter. Finally, US Bancorp DE grew its position in FTAI Aviation by 47.3% during the first quarter. US Bancorp DE now owns 10,655 shares of the financial services provider’s stock worth $717,000 after buying an additional 3,422 shares in the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Stock Down 1.3 %

FTAI traded down $2.08 during trading on Tuesday, hitting $162.60. The company’s stock had a trading volume of 191,311 shares, compared to its average volume of 1,045,642. The stock has a market capitalization of $16.62 billion, a price-to-earnings ratio of -1,646.64 and a beta of 2.04. The firm’s 50 day moving average price is $135.65 and its two-hundred day moving average price is $110.10. FTAI Aviation Ltd. has a 12 month low of $40.01 and a 12 month high of $165.91.

FTAI Aviation (NYSE:FTAI) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). The business had revenue of $465.80 million during the quarter, compared to analyst estimates of $422.45 million. FTAI Aviation had a net margin of 1.59% and a return on equity of 198.02%. The business’s quarterly revenue was up 60.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.33 earnings per share. On average, sell-side analysts forecast that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Thursday, November 14th. FTAI Aviation’s dividend payout ratio (DPR) is presently -1,199.88%.

Analyst Ratings Changes

Several equities analysts have commented on FTAI shares. Benchmark upped their price target on FTAI Aviation from $150.00 to $300.00 and gave the company a “buy” rating in a report on Friday, November 1st. BTIG Research initiated coverage on FTAI Aviation in a research report on Monday, August 26th. They issued a “buy” rating and a $140.00 target price for the company. Citigroup boosted their price target on shares of FTAI Aviation from $134.00 to $165.00 and gave the company a “buy” rating in a report on Monday, October 28th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of FTAI Aviation from $125.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, Jefferies Financial Group raised their price target on shares of FTAI Aviation from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $162.09.

FTAI Aviation Profile

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.