American Assets Investment Management LLC Sells 3,642 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

American Assets Investment Management LLC lowered its position in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 25.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,675 shares of the financial services provider’s stock after selling 3,642 shares during the period. American Assets Investment Management LLC’s holdings in FTAI Aviation were worth $1,419,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of FTAI. Arcadia Investment Management Corp MI purchased a new stake in FTAI Aviation in the second quarter worth $33,000. Farther Finance Advisors LLC increased its stake in shares of FTAI Aviation by 118.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 189 shares in the last quarter. Ridgewood Investments LLC purchased a new position in FTAI Aviation during the 2nd quarter valued at about $59,000. EverSource Wealth Advisors LLC boosted its stake in FTAI Aviation by 165.0% during the first quarter. EverSource Wealth Advisors LLC now owns 2,875 shares of the financial services provider’s stock worth $202,000 after acquiring an additional 1,790 shares in the last quarter. Finally, RiverPark Advisors LLC purchased a new stake in FTAI Aviation in the second quarter worth about $202,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Stock Performance

FTAI Aviation stock traded down $2.08 during mid-day trading on Tuesday, reaching $162.60. 191,311 shares of the company were exchanged, compared to its average volume of 1,045,642. FTAI Aviation Ltd. has a 12-month low of $40.01 and a 12-month high of $165.91. The business has a fifty day moving average of $135.65 and a 200 day moving average of $110.10. The firm has a market cap of $16.62 billion, a P/E ratio of -1,646.64 and a beta of 2.04.

FTAI Aviation (NYSE:FTAI) last issued its quarterly earnings data 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 company had revenue of $465.80 million for the quarter, compared to the consensus estimate of $422.45 million. FTAI Aviation had a net margin of 1.59% and a return on equity of 198.02%. FTAI Aviation’s revenue for the quarter was up 60.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.33 EPS. Sell-side analysts predict that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 0.74%. FTAI Aviation’s payout ratio is -1,199.88%.

Analyst Upgrades and Downgrades

FTAI has been the topic of several recent research reports. Citigroup upped their price target on FTAI Aviation from $134.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Jefferies Financial Group raised their price target on FTAI Aviation from $140.00 to $155.00 and gave the company a “buy” rating in a report on Monday, September 30th. Benchmark upped their price target on shares of FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their price objective on shares of FTAI Aviation from $125.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, Morgan Stanley reaffirmed an “underperform” rating on shares of FTAI Aviation in a report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, FTAI Aviation currently has a consensus rating of “Moderate Buy” and an average price target of $162.09.

About FTAI Aviation

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.