Arete Wealth Advisors LLC Raises Position in FTAI Aviation Ltd. (NYSE:FTAI)

Arete Wealth Advisors LLC raised its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 36.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,056 shares of the financial services provider’s stock after buying an additional 813 shares during the period. Arete Wealth Advisors LLC’s holdings in FTAI Aviation were worth $441,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Anchor Investment Management LLC bought a new stake in shares of FTAI Aviation in the 3rd quarter valued at about $31,000. Private Trust Co. NA lifted its position in FTAI Aviation by 221.1% in the fourth quarter. Private Trust Co. NA now owns 244 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 168 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of FTAI Aviation during the fourth quarter valued at approximately $36,000. Blue Trust Inc. bought a new position in shares of FTAI Aviation in the fourth quarter worth approximately $56,000. Finally, National Bank of Canada FI purchased a new position in shares of FTAI Aviation in the fourth quarter worth $65,000. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FTAI has been the topic of a number of recent analyst reports. StockNews.com raised shares of FTAI Aviation to a “sell” rating in a report on Saturday, March 15th. Wolfe Research upgraded FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price target on the stock in a report on Friday, January 10th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $160.00 price target on shares of FTAI Aviation in a research report on Wednesday, January 22nd. Compass Point boosted their target price on FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Finally, BTIG Research raised their price target on FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, December 31st. Two 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $173.67.

FTAI Aviation Trading Down 15.4 %

Shares of FTAI Aviation stock opened at $88.32 on Friday. The business has a fifty day simple moving average of $112.69 and a two-hundred day simple moving average of $132.49. The firm has a market capitalization of $9.06 billion, a P/E ratio of -883.11 and a beta of 1.78. FTAI Aviation Ltd. has a 12 month low of $66.22 and a 12 month high of $181.64.

FTAI Aviation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 14th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.36%. The ex-dividend date was Friday, March 14th. FTAI Aviation’s payout ratio is currently -342.86%.

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.