LDR Capital Management LLC Makes New $1.10 Million Investment in FTAI Aviation Ltd. $FTAI

LDR Capital Management LLC purchased a new stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) during the third quarter, Holdings Channel.com reports. The fund purchased 6,606 shares of the financial services provider’s stock, valued at approximately $1,102,000. FTAI Aviation accounts for approximately 1.6% of LDR Capital Management LLC’s portfolio, making the stock its 19th largest position.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FTAI. Asset Management One Co. Ltd. purchased a new stake in FTAI Aviation in the 3rd quarter valued at about $2,056,000. Diversified Trust Co purchased a new stake in shares of FTAI Aviation during the third quarter valued at approximately $2,846,000. Maryland State Retirement & Pension System bought a new stake in FTAI Aviation during the second quarter worth $570,000. Peregrine Capital Management LLC boosted its position in FTAI Aviation by 1.8% in the second quarter. Peregrine Capital Management LLC now owns 91,373 shares of the financial services provider’s stock worth $10,512,000 after purchasing an additional 1,632 shares during the last quarter. Finally, Red Door Wealth Management LLC purchased a new position in FTAI Aviation in the third quarter worth $1,471,000. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, COO David Moreno acquired 4,354 shares of the business’s stock in a transaction dated Thursday, November 13th. The stock was bought at an average cost of $153.89 per share, for a total transaction of $670,037.06. Following the completion of the transaction, the chief operating officer owned 4,354 shares of the company’s stock, valued at $670,037.06. The trade was a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.60% of the company’s stock.

FTAI Aviation Trading Down 3.0%

Shares of FTAI stock opened at $265.62 on Tuesday. FTAI Aviation Ltd. has a 12 month low of $75.06 and a 12 month high of $277.07. The firm’s 50 day moving average is $188.77 and its 200 day moving average is $165.07. The stock has a market capitalization of $27.24 billion, a P/E ratio of 60.64 and a beta of 1.54.

FTAI Aviation (NASDAQ:FTAI) last released its quarterly earnings data on Monday, October 27th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.09). The company had revenue of $667.06 million for the quarter, compared to the consensus estimate of $662.51 million. FTAI Aviation had a net margin of 20.82% and a return on equity of 370.51%. The business’s revenue for the quarter was up 43.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.76 earnings per share. On average, equities analysts predict that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Stockholders of record on Monday, November 10th were given a dividend of $0.35 per share. The ex-dividend date was Monday, November 10th. This represents a $1.40 annualized dividend and a dividend yield of 0.5%. FTAI Aviation’s dividend payout ratio is currently 31.96%.

Wall Street Analyst Weigh In

FTAI has been the topic of a number of recent analyst reports. Wolfe Research reiterated an “outperform” rating and set a $225.00 target price on shares of FTAI Aviation in a research note on Wednesday, December 31st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FTAI Aviation in a research report on Monday, December 29th. Morgan Stanley increased their target price on shares of FTAI Aviation from $220.00 to $266.00 and gave the company an “overweight” rating in a research report on Tuesday, January 6th. Barclays raised their price target on shares of FTAI Aviation from $200.00 to $260.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Jones Trading started coverage on FTAI Aviation in a research note on Friday, October 10th. They issued a “buy” rating and a $306.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, FTAI Aviation currently has an average rating of “Moderate Buy” and an average price target of $226.88.

FTAI Aviation 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.