Aircastle Limited (NYSE:AYR) has earned a consensus rating of “Hold” from the ten analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $24.25.
A number of research firms have recently issued reports on AYR. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $24.00 price objective (down from $26.00) on shares of Aircastle Limited in a research report on Thursday, May 25th. FBR & Co cut their price objective on Aircastle Limited from $27.50 to $26.00 and set a “market perform” rating for the company in a research report on Thursday, May 4th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $25.00 price objective on shares of Aircastle Limited in a research report on Friday, April 21st. Zacks Investment Research cut Aircastle Limited from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 18th. Finally, Bank of America Corporation raised Aircastle Limited from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $25.98 to $26.00 in a research report on Tuesday, February 28th.
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Several institutional investors have recently made changes to their positions in AYR. Russell Investments Group Ltd. purchased a new position in shares of Aircastle Limited during the fourth quarter worth $172,000. State Street Corp raised its position in shares of Aircastle Limited by 8.1% in the fourth quarter. State Street Corp now owns 1,031,190 shares of the transportation company’s stock worth $21,503,000 after buying an additional 77,176 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Aircastle Limited by 9.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,331,755 shares of the transportation company’s stock worth $90,318,000 after buying an additional 366,110 shares during the period. Renaissance Group LLC raised its position in shares of Aircastle Limited by 9.5% in the fourth quarter. Renaissance Group LLC now owns 16,295 shares of the transportation company’s stock worth $340,000 after buying an additional 1,410 shares during the period. Finally, Allianz Asset Management AG raised its position in shares of Aircastle Limited by 1.1% in the fourth quarter. Allianz Asset Management AG now owns 803,536 shares of the transportation company’s stock worth $16,754,000 after buying an additional 8,842 shares during the period. Institutional investors own 63.44% of the company’s stock.
Shares of Aircastle Limited (NYSE AYR) traded up 0.64% on Tuesday, reaching $21.94. The company’s stock had a trading volume of 689,408 shares. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 10.97 and a beta of 1.81. Aircastle Limited has a 1-year low of $18.26 and a 1-year high of $25.98. The company’s 50 day moving average is $22.33 and its 200-day moving average is $22.69.
Aircastle Limited (NYSE:AYR) last issued its quarterly earnings results on Thursday, May 4th. The transportation company reported $0.58 EPS for the quarter, meeting the consensus estimate of $0.58. Aircastle Limited had a return on equity of 8.88% and a net margin of 19.81%. The firm had revenue of $204.30 million during the quarter, compared to analysts’ expectations of $204.22 million. During the same period in the prior year, the firm posted $0.56 earnings per share. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. Equities research analysts expect that Aircastle Limited will post $2.41 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Wednesday, May 31st were given a $0.26 dividend. The ex-dividend date of this dividend was Friday, May 26th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.74%. Aircastle Limited’s payout ratio is 52.00%.
About Aircastle Limited
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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