Aircastle Limited (NYSE:AYR) shares reached a new 52-week low during trading on Thursday . The stock traded as low as $17.54 and last traded at $17.89, with a volume of 16962 shares. The stock had previously closed at $18.02.
AYR has been the subject of several analyst reports. Zacks Investment Research raised shares of Aircastle from a “hold” rating to a “strong-buy” rating and set a $23.00 price objective for the company in a report on Friday, November 2nd. Cowen raised shares of Aircastle from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $24.00 to $26.00 in a report on Thursday, September 27th. Finally, ValuEngine raised shares of Aircastle from a “sell” rating to a “hold” rating in a report on Thursday, September 27th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Aircastle currently has an average rating of “Hold” and an average price target of $24.33.
The firm has a market capitalization of $1.38 billion, a P/E ratio of 9.53, a P/E/G ratio of 0.73 and a beta of 1.76.
Aircastle (NYSE:AYR) last announced its quarterly earnings results on Thursday, November 1st. The transportation company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.06. Aircastle had a net margin of 25.70% and a return on equity of 10.26%. The firm had revenue of $190.80 million during the quarter, compared to the consensus estimate of $192.78 million. During the same period last year, the firm earned $0.82 EPS. The business’s quarterly revenue was down 10.5% compared to the same quarter last year. Equities research analysts predict that Aircastle Limited will post 2.48 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 6.73%. This is an increase from Aircastle’s previous quarterly dividend of $0.28. The ex-dividend date is Thursday, November 29th. Aircastle’s dividend payout ratio (DPR) is presently 64.17%.
Large investors have recently made changes to their positions in the business. Capital Fund Management S.A. bought a new position in Aircastle in the 2nd quarter valued at $361,000. Foundry Partners LLC boosted its holdings in Aircastle by 2.5% in the 3rd quarter. Foundry Partners LLC now owns 697,680 shares of the transportation company’s stock valued at $15,286,000 after purchasing an additional 16,840 shares during the period. Swiss National Bank boosted its holdings in Aircastle by 7.3% in the 2nd quarter. Swiss National Bank now owns 102,900 shares of the transportation company’s stock valued at $2,109,000 after purchasing an additional 7,000 shares during the period. Bailard Inc. bought a new position in Aircastle in the 2nd quarter valued at $631,000. Finally, Affinity Investment Advisors LLC boosted its holdings in Aircastle by 28.2% in the 3rd quarter. Affinity Investment Advisors LLC now owns 23,430 shares of the transportation company’s stock valued at $513,000 after purchasing an additional 5,156 shares during the period. 58.04% of the stock is owned by hedge funds and other institutional investors.
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About Aircastle (NYSE:AYR)
Aircastle Limited, through its subsidiaries, leases, finances, sells, and manages commercial flight equipment to airlines worldwide. The company also invests in other aviation assets. As of December 31, 2017, its aircraft portfolio comprised 236 aircraft leased to 81 lessees located in 43 countries. Aircastle Limited was founded in 2004 and is based in Stamford, Connecticut.
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