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Equities research analysts at Deutsche Bank dropped their price objective on shares of Fly Leasing (NYSE:FLY) from $20.00 to $18.00 in a research note issued to investors on Friday, AR Network reports. Deutsche Bank’s price objective would indicate a potential upside of 30.15% from the stock’s previous close.

Shares of Fly Leasing (NYSE:FLY) opened at 13.83 on Friday. Fly Leasing has a 52 week low of $12.63 and a 52 week high of $17.30. The stock has a 50-day moving average of $14.4 and a 200-day moving average of $15.09. The company has a market cap of $571.3 million and a price-to-earnings ratio of 9.13.

Fly Leasing (NYSE:FLY) last released its earnings data on Thursday, May 8th. The company reported $0.12 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.13 by $0.01. The company had revenue of $90.50 million for the quarter, compared to the consensus estimate of $91.88 million. During the same quarter last year, the company posted $1.37 earnings per share. Fly Leasing’s revenue was down 20.2% compared to the same quarter last year. Analysts expect that Fly Leasing will post $1.13 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, May 20th. Investors of record on Wednesday, April 30th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 7.23%. The ex-dividend date is Monday, April 28th.

Other equities research analysts have also recently issued reports about the stock. Analysts at Wells Fargo & Co. upgraded shares of Fly Leasing from a “market perform” rating to an “outperform” rating in a research note on Friday. Analysts at RBC Capital raised their price target on shares of Fly Leasing from $18.00 to $20.00 in a research note on Friday, March 7th. They now have an “outperform” rating on the stock. Four research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus target price of $18.53.

Fly Leasing Limited, formerly Babcock & Brown Air Limited (NYSE:FLY), is a global lessor of modern, fuel-efficient commercial jet aircraft.

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