Aircastle Ltd. (AYR) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Aircastle Ltd. (NYSE:AYR) have received a consensus rating of “Hold” from the thirteen research firms that are presently covering the company. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $23.25.
AYR has been the subject of several analyst reports. Zacks Investment Research raised Aircastle from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Wednesday, June 29th. FBR & Co reiterated a “hold” rating and issued a $23.00 price target on shares of Aircastle in a research note on Monday, September 19th. Finally, TheStreet cut Aircastle from a “buy” rating to a “hold” rating in a research note on Tuesday, September 6th.
In other news, insider Joseph Schreiner sold 4,998 shares of the company’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $21.77, for a total transaction of $108,806.46. Following the completion of the transaction, the insider now directly owns 35,208 shares of the company’s stock, valued at $766,478.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.70% of the company’s stock.
Several institutional investors have recently bought and sold shares of the stock. Creative Planning raised its position in shares of Aircastle by 21.1% in the third quarter. Creative Planning now owns 6,053 shares of the company’s stock worth $120,000 after buying an additional 1,053 shares during the period. Foundry Partners LLC raised its position in shares of Aircastle by 6.2% in the third quarter. Foundry Partners LLC now owns 566,623 shares of the company’s stock worth $11,253,000 after buying an additional 33,251 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of Aircastle by 0.5% in the third quarter. BNP Paribas Arbitrage SA now owns 6,210 shares of the company’s stock worth $123,000 after buying an additional 31 shares during the period. Royal Bank of Canada raised its position in shares of Aircastle by 10.6% in the second quarter. Royal Bank of Canada now owns 472,208 shares of the company’s stock worth $9,238,000 after buying an additional 45,421 shares during the period. Finally, Farmers National Bank acquired a new position in shares of Aircastle during the second quarter worth about $163,000. 65.19% of the stock is owned by institutional investors.
Aircastle (NYSE:AYR) traded down 0.81% on Friday, reaching $19.49. The company had a trading volume of 99,457 shares. The firm has a market capitalization of $1.53 billion, a PE ratio of 16.86 and a beta of 1.84. Aircastle has a 12 month low of $15.06 and a 12 month high of $23.49. The stock has a 50 day moving average of $20.46 and a 200 day moving average of $21.05.
Aircastle (NYSE:AYR) last issued its earnings results on Thursday, August 4th. The company reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by $0.10. Aircastle had a return on equity of 5.70% and a net margin of 11.68%. The company earned $190 million during the quarter, compared to analysts’ expectations of $188.25 million. During the same period in the previous year, the company earned $0.58 EPS. Aircastle’s quarterly revenue was down 7.1% on a year-over-year basis. On average, analysts anticipate that Aircastle will post $1.82 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Friday, August 26th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 4.89%. The ex-dividend date of this dividend was Wednesday, August 24th. Aircastle’s dividend payout ratio (DPR) is presently 82.05%.
Aircastle Company Profile
Aircastle Limited is a holding company. The Company, through its subsidiaries, is engaged in investing in aviation assets, including acquiring, leasing, managing and selling utility commercial jet aircraft. The Company operates through leasing, financing, selling and managing commercial flight equipment segment.
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