LDR Capital Management LLC Buys 3,596 Shares of FTAI Aviation Ltd. $FTAI

LDR Capital Management LLC purchased a new stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,596 shares of the financial services provider’s stock, valued at approximately $601,000. FTAI Aviation comprises about 0.7% of LDR Capital Management LLC’s portfolio, making the stock its 29th biggest holding.

A number of other institutional investors have also bought and sold shares of FTAI. State Street Corp raised its position in shares of FTAI Aviation by 2.5% in the 2nd quarter. State Street Corp now owns 3,083,589 shares of the financial services provider’s stock worth $834,203,000 after acquiring an additional 75,452 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of FTAI Aviation by 8.2% in the 1st quarter. Bank of America Corp DE now owns 885,337 shares of the financial services provider’s stock valued at $216,908,000 after purchasing an additional 67,097 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of FTAI Aviation by 2.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 631,212 shares of the financial services provider’s stock valued at $154,515,000 after purchasing an additional 15,291 shares during the period. First Trust Advisors LP boosted its position in shares of FTAI Aviation by 5.0% during the 1st quarter. First Trust Advisors LP now owns 383,773 shares of the financial services provider’s stock valued at $94,024,000 after purchasing an additional 18,399 shares in the last quarter. Finally, Fred Alger Management LLC boosted its position in shares of FTAI Aviation by 15.1% during the 4th quarter. Fred Alger Management LLC now owns 376,693 shares of the financial services provider’s stock valued at $74,152,000 after purchasing an additional 49,441 shares in the last quarter. Institutional investors own 88.96% of the company’s stock.

Insider Buying and Selling

In other news, President David Moreno acquired 2,475 shares of FTAI Aviation stock in a transaction on Friday, July 31st. The stock was purchased at an average price of $201.27 per share, with a total value of $498,143.25. Following the completion of the purchase, the president owned 199,490 shares of the company’s stock, valued at approximately $40,151,352.30. The trade was a 1.26% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.35% of the company’s stock.

FTAI Aviation Price Performance

FTAI stock opened at $163.25 on Thursday. The stock has a market capitalization of $16.77 billion, a PE ratio of 35.49, a price-to-earnings-growth ratio of 0.83 and a beta of 1.51. The company’s 50-day moving average is $190.68 and its 200-day moving average is $224.20. The company has a debt-to-equity ratio of 8.55, a current ratio of 5.28 and a quick ratio of 2.07. FTAI Aviation Ltd. has a 1 year low of $149.50 and a 1 year high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last issued its earnings results on Wednesday, July 29th. The financial services provider reported $1.13 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.19). FTAI Aviation had a net margin of 15.94% and a return on equity of 139.59%. The firm had revenue of $953.09 million during the quarter. During the same period last year, the firm earned $1.57 earnings per share. FTAI Aviation’s quarterly revenue was up 40.9% compared to the same quarter last year. Equities research analysts expect that FTAI Aviation Ltd. will post 5.48 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Wednesday, August 12th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Wednesday, August 12th. FTAI Aviation’s dividend payout ratio (DPR) is 43.48%.

Wall Street Analysts Forecast Growth

FTAI has been the subject of several recent analyst reports. Royal Bank Of Canada decreased their target price on FTAI Aviation from $350.00 to $300.00 and set an “outperform” rating for the company in a research note on Monday, July 27th. Jefferies Financial Group reissued a “buy” rating and issued a $325.00 price target on shares of FTAI Aviation in a research note on Sunday, August 2nd. Barclays dropped their price target on FTAI Aviation from $350.00 to $310.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 15th. Weiss Ratings cut FTAI Aviation from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft set a $290.00 price objective on shares of FTAI Aviation in a research report on Friday, July 31st. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $316.88.

FTAI Aviation Profile

FTAI Aviation Ltd. is an aviation company focused on owning, leasing, and managing commercial aircraft and aircraft engines. The company provides aviation assets to airlines, aircraft leasing companies, maintenance, repair and overhaul providers, and other participants in the global aviation industry.

FTAI Aviation’s business includes aircraft and engine leasing, asset management, and the acquisition and sale of aviation equipment. Through its aviation products activities, the company also develops and sells proprietary aerospace products designed to improve engine performance, reliability, and maintenance economics, including solutions associated with the CFM56 engine platform.

The company serves customers across international aviation markets and manages assets used by airlines and operators in multiple regions.