Aircastle Ltd. (NYSE:AYR) announced a quarterly dividend on Thursday, November 3rd. Shareholders of record on Tuesday, November 29th will be given a dividend of 0.26 per share on Thursday, December 15th. This represents a $1.04 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date of this dividend is Friday, November 25th. This is a boost from Aircastle’s previous quarterly dividend of $0.24.

Shares of Aircastle (NYSE:AYR) opened at 22.68 on Thursday. The firm’s 50-day moving average price is $20.87 and its 200-day moving average price is $20.88. The firm has a market capitalization of $1.78 billion, a PE ratio of 13.45 and a beta of 1.65. Aircastle has a 52-week low of $15.06 and a 52-week high of $22.99.

Aircastle (NYSE:AYR) last released its quarterly earnings results on Tuesday, November 1st. The company reported $0.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by $0.05. Aircastle had a return on equity of 8.02% and a net margin of 17.25%. The business earned $194.70 million during the quarter, compared to analyst estimates of $189.93 million. During the same quarter last year, the firm posted ($0.12) EPS. The company’s revenue was down 8.2% compared to the same quarter last year. On average, equities analysts predict that Aircastle will post $1.77 earnings per share for the current fiscal year.

Dividend History for Aircastle (NYSE:AYR)

Several research firms recently commented on AYR. TheStreet cut Aircastle from a “buy” rating to a “hold” rating in a research note on Tuesday, September 6th. FBR & Co cut Aircastle from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $24.00 to $23.00 in a research note on Friday, August 5th. Zacks Investment Research raised Aircastle from a “sell” rating to a “hold” rating in a report on Thursday, November 10th. DA Davidson reissued a “buy” rating and issued a $24.00 price objective on shares of Aircastle in a report on Wednesday, November 9th. Finally, Stephens began coverage on Aircastle in a report on Tuesday, November 1st. They issued an “underweight” rating and a $20.00 price objective for the company. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $23.00.

In other news, insider Joseph Schreiner sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $22.35, for a total transaction of $167,625.00. Following the completion of the transaction, the insider now directly owns 27,708 shares of the company’s stock, valued at $619,273.80. 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 modified their holdings of the company. Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of Aircastle during the second quarter valued at about $4,499,000. Paloma Partners Management Co acquired a new position in shares of Aircastle during the second quarter valued at about $1,800,000. BlackRock Fund Advisors increased its position in shares of Aircastle by 7.6% in the third quarter. BlackRock Fund Advisors now owns 1,266,546 shares of the company’s stock valued at $25,154,000 after buying an additional 89,069 shares in the last quarter. D. E. Shaw & Co. Inc. acquired a new position in shares of Aircastle during the third quarter valued at about $1,262,000. Finally, Trexquant Investment LP acquired a new position in shares of Aircastle during the second quarter valued at about $699,000. Institutional investors and hedge funds own 65.49% of the company’s stock.

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About Aircastle

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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