Media headlines about Air Lease Corporation (NYSE:AL) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Air Lease Corporation earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave news headlines about the transportation company an impact score of 80 out of 100, meaning that recent news coverage is likely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern’s analysis:
- Air Lease Corp (AL) Needle Moving 0.81% – Stock Press Daily (stockpressdaily.com)
- ETFs with exposure to Air Lease Corp. : July 17, 2017 (finance.yahoo.com)
- Air Lease Corporation (NYSE:AL) Expected to Post Quarterly Sales of $377.30 Million (americanbankingnews.com)
- Air Lease Corporation (NYSE:AL) Shares Bought by Parametric Portfolio Associates LLC (latribunadecanarias.com)
- Air Lease Corporation (NYSE:AL) Upgraded at BidaskClub (hoyentv.com)
A number of research firms recently issued reports on AL. BidaskClub raised shares of Air Lease Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. Zacks Investment Research raised shares of Air Lease Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 10th. ValuEngine raised shares of Air Lease Corporation from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 10th. FBR & Co dropped their target price on shares of Air Lease Corporation from $47.00 to $45.00 and set an “outperform” rating for the company in a research report on Friday, May 5th. Finally, Morgan Stanley downgraded shares of Air Lease Corporation from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $40.00 to $42.00 in a research report on Thursday, April 6th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $44.86.
Air Lease Corporation (AL) opened at 39.19 on Tuesday. Air Lease Corporation has a 1-year low of $27.05 and a 1-year high of $40.24. The stock’s 50 day moving average price is $37.43 and its 200 day moving average price is $37.25. The stock has a market capitalization of $4.04 billion, a PE ratio of 11.67 and a beta of 1.77.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 11th. Investors of record on Wednesday, June 14th were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date was Monday, June 12th. Air Lease Corporation’s payout ratio is 8.90%.
In other Air Lease Corporation news, EVP Kishore Korde sold 2,000 shares of Air Lease Corporation stock in a transaction that occurred on Friday, April 28th. The stock was sold at an average price of $38.00, for a total value of $76,000.00. Following the transaction, the executive vice president now directly owns 88,410 shares of the company’s stock, valued at approximately $3,359,580. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Grant A. Levy sold 27,854 shares of Air Lease Corporation stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $38.16, for a total value of $1,062,908.64. Following the completion of the transaction, the executive vice president now directly owns 210,824 shares in the company, valued at $8,045,043.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,854 shares of company stock worth $1,214,909. Company insiders own 9.76% of the company’s stock.
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About Air Lease Corporation
Air Lease Corporation is an aircraft leasing company. The Company is principally engaged in purchasing new commercial jet transport aircraft directly from aircraft manufacturers, such as The Boeing Company (Boeing) and Airbus SAS. (Airbus), and leasing those aircraft to airlines across the world. Along with its leasing activities, the Company sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies and airlines.
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