FBR Capital Downgrades Aircastle Limited to Market Perform

Brokerage firm FBR Capital Downgrades its rating on Aircastle Limited(NYSE:AYR). The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by FBR Capital was issued on Aug 5, 2016.

Aircastle Limited (AYR) made into the market gainers list on Wednesdays trading session with the shares advancing 2.51% or 0.51 points. Due to strong positive momentum, the stock ended at $20.8, which is also near the day’s high of $20.82. The stock began the session at $20.27 and the volume stood at 2,19,834 shares. The 52-week high of the shares is $23.49 and the 52 week low is $15.055. The company has a current market capitalization of $1,636 M and it has 7,86,34,132 shares in outstanding.

Aircastle Limited has also declared a cash dividend of $0.2400 on Aug 4, 2016. The shares will quote ex-dividend on Aug 24, 2016 and the record date has been fixed on Aug 26, 2016. The dividend payable date has been fixed on Sep 15, 2016.

Aircastle Limited(AYR) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $189.99M. Analysts had an estimated revenue of $188.25M. Earnings per share were $0.31. Analysts had estimated an EPS of $0.41.

Several Insider Transactions has been reported to the SEC. On Dec 16, 2015, Peter V Ueberroth (director) purchased 20,000 shares at $19.99 per share price.Also, On Nov 20, 2015, Michael Inglese (CFO) sold 40,000 shares at $20.62 per share price.On Aug 20, 2015, Ron Wainshal (CEO) purchased 2,400 shares at $20.83 per share price, according to the Form-4 filing with the securities and exchange commission.

Aircastle Limited (Aircastle) is a holding company. The Company through its subsidiaries is engaged in acquiring leasing and selling commercial jet aircrafts. As of December 31 2014 the Company’s aircraft portfolio consisted of 148 aircraft leased to 54 lessees located in about 34 countries. The Company manages its aircraft fleet through offices in the United States Ireland and Singapore. It also makes investments in other aviation assets including debt investments secured by commercial jet aircraft. The Company offers passenger aircraft including narrowbody midbody and widebody and freighter aircrafts. The Company has operations in Europe Asia and Pacific North America South America and Middle East and Africa. As of December 31 2014 its customers include Martinair (including its affiliate Transavia) LATAM Airlines Group S.A. and South African Airways Pty. Ltd.

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