Air Lease Corp (NYSE: AL) Could Achieve Gains In The Near Future

After Hours

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Stocks Info

Air Lease Corp is listed on the NYSE in the Industrials sector while operating in the Rental & Leasing Services industry. The current market capitalization of Air Lease Corp is $5.11B. A total of 1.31 million shares were traded on the day, compared to an average of 796.74K shares.

In the most recent transaction, Willis Gregory B sold 11,270 shares of AL for 50.06 per share on May 15 ’24. After the transaction, the EVP AND CFO now owns 67,099 company shares. In a previous transaction on Mar 15 ’24, Khatibi Alex A sold 11,199 shares at 47.37 per share. AL shares that EVP owns now total 76,300.

Among the insiders who sold shares, Levy Grant A disposed of 7,500 shares on Mar 15 ’24 at a per-share price of $46.82. This resulted in the EVP holding 150,815 shares of AL after the transaction. In another insider transaction, Khatibi Alex A sold 11,198 shares at $43.11 per share on Mar 05 ’24. Company shares held by the EVP now total 87,499.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Air Lease Corp pays an annual dividend of $0.83, resulting in a dividend yield of 1.81%, and it has a price to earnings (P/E) ratio of 9.26. AL’s most recent ex-dividend date was 6/4/2024 when it declared a $0.21 quarterly dividend that was paid in cash on 7/8/2024. Previously, the company paid the dividend on 4/10/2024 with an ex-dividend date of 3/14/2024. The AL stock dividend was $0.21 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, AL has a high of $52.31 and a low of $33.33.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. AL’s latest balance sheet shows that the firm has $1.09B in Cash & Short Term Investments as of fiscal 2021. There were $17.02B in debt and $750.57M in liabilities at the time. Its Book Value Per Share was $64.94, while its Total Shareholder’s Equity was $7.01B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AL is Buy with a score of 4.75.

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