Air Lease Corp. (NYSE:AL) had its price objective lifted by FBR & Co from $36.00 to $40.00 in a report issued on Tuesday morning. The firm currently has an outperform rating on the stock.

Other analysts have also recently issued research reports about the company. Zacks Investment Research cut Air Lease Corp. from a buy rating to a hold rating in a research report on Wednesday, August 10th. Stephens initiated coverage on Air Lease Corp. in a research report on Tuesday, November 1st. They issued an overweight rating and a $48.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $45.94.

Shares of Air Lease Corp. (NYSE:AL) opened at 35.84 on Tuesday. The firm has a 50-day moving average price of $31.10 and a 200-day moving average price of $29.15. Air Lease Corp. has a 12 month low of $22.47 and a 12 month high of $35.89. The stock has a market cap of $3.69 billion, a PE ratio of 10.88 and a beta of 1.54.

Air Lease Corp. (NYSE:AL) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.04. The firm earned $355.10 million during the quarter, compared to analysts’ expectations of $356.47 million. Air Lease Corp. had a return on equity of 14.83% and a net margin of 26.09%. The business’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.71 EPS. Equities analysts forecast that Air Lease Corp. will post $3.42 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 9th. Investors of record on Monday, December 12th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Thursday, December 8th. This is a positive change from Air Lease Corp.’s previous quarterly dividend of $0.05. Air Lease Corp.’s payout ratio is currently 6.08%.

In related news, Director Robert A. Milton sold 30,000 shares of Air Lease Corp. stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $31.73, for a total value of $951,900.00. Following the completion of the transaction, the director now owns 30,889 shares in the company, valued at approximately $980,107.97. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 9.45% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Air Lease Corp. by 4.2% in the second quarter. Vanguard Group Inc. now owns 6,884,315 shares of the company’s stock valued at $184,363,000 after buying an additional 274,550 shares during the period. Dimensional Fund Advisors LP raised its stake in Air Lease Corp. by 20.9% in the second quarter. Dimensional Fund Advisors LP now owns 3,625,297 shares of the company’s stock valued at $97,082,000 after buying an additional 626,227 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in Air Lease Corp. by 6.1% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,555,844 shares of the company’s stock valued at $73,046,000 after buying an additional 147,648 shares during the period. Boston Partners raised its stake in Air Lease Corp. by 6.3% in the third quarter. Boston Partners now owns 2,274,561 shares of the company’s stock valued at $65,007,000 after buying an additional 134,955 shares during the period. Finally, Douglas Lane & Associates LLC raised its stake in Air Lease Corp. by 9.8% in the third quarter. Douglas Lane & Associates LLC now owns 1,951,455 shares of the company’s stock valued at $55,773,000 after buying an additional 173,597 shares during the period. Institutional investors own 94.90% of the company’s stock.

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About Air Lease Corp.

Air Lease Corporation is an aircraft leasing company. The Company is principally engaged in purchasing new commercial jet transport aircraft directly from aircraft manufacturers, such as The Boeing Company (Boeing) and Airbus SAS. (Airbus), and leasing those aircraft to airlines across the world. Along with its leasing activities, the Company sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies and airlines.

5 Day Chart for NYSE:AL

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