Aircastle Limited (NYSE:AYR) is expected to pay $0.26 on Dec 15, 2016. The indicated annual dividend is $1.04. Shareholders owning the stock before Nov 25, 2016 will be eligible to receive the payout. Based on Aircastle Limited’s current price of $22.68, the dividend is 1.15%. This dividend’s record date is Nov 29, 2016 and the announcement date is Nov 1, 2016. The stock decreased 0.22% or $0.05 on November 23, hitting $22.68. About 243,109 shares traded hands. Aircastle Limited (NYSE:AYR) has risen 1.93% since April 22, 2016 and is uptrending. It has underperformed by 3.48% the S&P500.
Aircastle Limited is a holding company. The company has a market cap of $1.79 billion. The Company, through its subsidiaries, is engaged in investing in aviation assets, including acquiring, leasing, managing and selling utility commercial jet aircraft. It has a 13.43 P/E ratio. The Firm operates through leasing, financing, selling and managing commercial flight equipment segment.
Insitutional Activity: The institutional sentiment decreased to 0.75 in Q2 2016. Its down 0.08, from 0.83 in 2016Q1. The ratio dived, as 9 funds sold all Aircastle Limited shares owned while 61 reduced positions. 24 funds bought stakes while 34 increased positions. They now own 50.22 million shares or 1.67% less from 51.07 million shares in 2016Q1.
Thomas White Intll Limited last reported 240 shares in the company. Advsr Asset Mngmt accumulated 952,580 shares or 0.3% of the stock. Renaissance Grp Limited Liability Corporation has 0.01% invested in the company for 14,886 shares. Commercial Bank Of Montreal Can last reported 136,628 shares in the company. Barclays Plc accumulated 0% or 1,564 shares. Moreover, Caisse De Depot Et Placement Du Quebec has 0.01% invested in Aircastle Limited (NYSE:AYR) for 230,000 shares. Parametric Port Limited Com has invested 0% of its portfolio in Aircastle Limited (NYSE:AYR). Ameriprise Fincl has invested 0% of its portfolio in Aircastle Limited (NYSE:AYR). Advisors Mngmt Ltd Co has 1.32% invested in the company for 656,147 shares. Voya Investment Management Llc reported 27,964 shares or 0% of all its holdings. Spot Trading Ltd Liability Corporation reported 19,195 shares or 0.01% of all its holdings. Creative Planning reported 5,000 shares or 0% of all its holdings. Freestone Capital Hldg Ltd Liability Com, a Washington-based fund reported 34,323 shares. Moreover, Yorktown Mngmt & Rech Incorporated has 0.06% invested in Aircastle Limited (NYSE:AYR) for 14,000 shares. Moreover, Foundry Prns Llc has 0.59% invested in Aircastle Limited (NYSE:AYR) for 533,372 shares.
Insider Transactions: Since August 23, 2016, the stock had 0 insider buys, and 4 sales for $1.34 million net activity. On Thursday, November 10 the insider INGLESE MICHAEL sold $1.06 million. Schreiner Joseph had sold 7,500 shares worth $167,648.
Aircastle Limited (NYSE:AYR) Ratings Coverage
Out of 12 analysts covering Aircastle (NYSE:AYR), 4 rate it a “Buy”, 3 “Sell”, while 5 “Hold”. This means 33% are positive. $28 is the highest target while $19 is the lowest. The $22.88 average target is 0.88% above today’s ($22.68) stock price. Aircastle has been the topic of 22 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock of Aircastle Limited (NYSE:AYR) earned “Underperform” rating by Bank of America on Monday, September 21. RBC Capital Markets maintained it with “Sector Perform” rating and $25 target price in Wednesday, November 4 report. Barclays Capital maintained Aircastle Limited (NYSE:AYR) on Monday, March 14 with “Overweight” rating. On Thursday, April 14 the stock rating was downgraded by Wells Fargo to “Market Perform”. The firm has “Outperform” rating given on Wednesday, November 2 by FBR Capital. Deutsche Bank downgraded the shares of AYR in a report on Thursday, May 5 to “Hold” rating. The rating was upgraded by DA Davidson on Friday, February 12 to “Buy”. Cowen & Co maintained the shares of AYR in a report on Friday, February 12 with “Outperform” rating. The rating was maintained by Citigroup with “Buy” on Tuesday, March 15. The stock of Aircastle Limited (NYSE:AYR) has “Outperform” rating given on Wednesday, November 4 by Cowen & Co.
More notable recent Aircastle Limited (NYSE:AYR) news were published by: Nasdaq.com which released: “Aircastle Limited (AYR) Ex-Dividend Date Scheduled for November 25, 2016” on November 23, 2016, also Prnewswire.com with their article: “Aircastle Closes Inaugural Asian Revolving Credit Facility” published on November 21, 2016, Moodys.com published: “Moody’s upgrades Aircastle’s senior unsecured rating to Ba1” on March 16, 2016. More interesting news about Aircastle Limited (NYSE:AYR) were released by: Prnewswire.com and their article: “Aircastle to Announce Third Quarter 2016 Earnings on November 1, 2016” published on October 18, 2016 as well as Marketwatch.com‘s news article titled: “Aircastle Ltd.” with publication date: February 24, 2011.
AYR Company Profile
Aircastle Limited, incorporated on October 29, 2004, is a holding company. The Company, through its subsidiaries, is engaged in investing in aviation assets, including acquiring, leasing, managing and selling high-utility commercial jet aircraft. The Firm operates through leasing, financing, selling and managing commercial flight equipment segment. The Company’s aircraft portfolio consists of approximately 160 aircraft leased to over 50 lessees located in approximately 30 countries.
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