News headlines about Aircastle (NYSE:AYR) have been trending positive this week, according to Accern. The research group identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Aircastle earned a coverage optimism score of 0.26 on Accern’s scale. Accern also gave media coverage about the transportation company an impact score of 46.2746458570399 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Several equities research analysts have commented on AYR shares. Cowen restated a “market perform” rating and issued a $24.00 target price (down previously from $26.00) on shares of Aircastle in a research note on Tuesday, February 13th. Citigroup started coverage on Aircastle in a research note on Friday, December 8th. They set a “neutral” rating and a $25.00 price objective on the stock. ValuEngine cut Aircastle from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 6th. Stephens upgraded Aircastle from an “underweight” rating to an “equal” rating and set a $24.00 price objective on the stock in a research note on Wednesday, February 14th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut Aircastle from a “hold” rating to a “strong sell” rating in a research note on Friday, February 16th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. Aircastle currently has an average rating of “Hold” and a consensus target price of $24.80.
Shares of Aircastle (AYR) opened at $19.63 on Wednesday. Aircastle has a 12 month low of $19.62 and a 12 month high of $25.30. The firm has a market capitalization of $1,641.20, a price-to-earnings ratio of 10.44, a P/E/G ratio of 1.02 and a beta of 1.77.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 5.71%. The ex-dividend date of this dividend is Tuesday, February 27th. Aircastle’s dividend payout ratio (DPR) is presently 59.57%.
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Aircastle Company Profile
Aircastle Limited is a holding company. The Company, through its subsidiaries, acquires, leases and sells commercial jet aircrafts to airlines. The Company is engaged in financing and managing commercial flight equipment. The Company manages its aircrafts in the United States, Ireland and Singapore. As of December 31, 2016, the Company owned and managed on behalf of its joint ventures 206 aircrafts leased to 71 lessees located in 36 countries.
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