The Street Is Finally Waking Up To Air Lease Corp (NYSE: AL)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

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Stocks Info

Air Lease Corp is listed on the NYSE as a member of the Industrials sector and is a part of the Rental & Leasing Services industry. The current market capitalization of Air Lease Corp is $5.75B. A total of 0.74 million shares were traded on the day, compared to an average of 1.52M shares.

In the most recent transaction, Khatibi Alex A sold 11,199 shares of AL for 47.37 per share on Mar 15 ’24. After the transaction, the EVP now owns 76,300 company shares. In a previous transaction on Mar 15 ’24, Levy Grant A sold 7,500 shares at 46.82 per share. AL shares that EVP owns now total 150,815.

Among the insiders who sold shares, Khatibi Alex A disposed of 11,198 shares on Mar 05 ’24 at a per-share price of $43.11. This resulted in the EVP holding 87,499 shares of AL after the transaction. In another insider transaction, Korde Kishore sold 16,593 shares at $39.70 per share on Feb 26 ’24. Company shares held by the EVP now total 112,375.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Air Lease Corp pays an annual dividend of $0.82, resulting in a dividend yield of 1.59%, and it has a price to earnings (P/E) ratio of 10.04. AL’s most recent ex-dividend date was 3/14/2024 when it declared a $0.21 quarterly dividend that was paid in cash on 4/10/2024. Previously, the company paid the dividend on 1/10/2024 with an ex-dividend date of 12/14/2023. The AL stock dividend was $0.21 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, AL has a high of $51.77 and a low of $33.33.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s 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 $64.49, while its Total Shareholder’s Equity was $7.01B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to 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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