29,985 Shares in Orix Corp Ads $IX Acquired by Tred Avon Family Wealth LLC

Tred Avon Family Wealth LLC bought a new stake in Orix Corp Ads (NYSE:IX) during the third quarter, Holdings Channel.com reports. The firm bought 29,985 shares of the real estate investment trust’s stock, valued at approximately $783,000.

Several other institutional investors also recently modified their holdings of the stock. Royal Bank of Canada increased its stake in shares of Orix Corp Ads by 336.1% in the first quarter. Royal Bank of Canada now owns 38,081 shares of the real estate investment trust’s stock valued at $796,000 after buying an additional 29,349 shares during the period. AQR Capital Management LLC grew its holdings in Orix Corp Ads by 433.3% during the 1st quarter. AQR Capital Management LLC now owns 44,547 shares of the real estate investment trust’s stock worth $931,000 after acquiring an additional 36,194 shares during the last quarter. Millennium Management LLC increased its position in Orix Corp Ads by 3,021.1% in the 1st quarter. Millennium Management LLC now owns 203,967 shares of the real estate investment trust’s stock valued at $4,261,000 after acquiring an additional 197,432 shares during the period. Jones Financial Companies Lllp raised its stake in shares of Orix Corp Ads by 8,083.8% during the first quarter. Jones Financial Companies Lllp now owns 5,565 shares of the real estate investment trust’s stock valued at $116,000 after acquiring an additional 5,497 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Orix Corp Ads by 568.7% during the first quarter. Goldman Sachs Group Inc. now owns 96,454 shares of the real estate investment trust’s stock worth $2,015,000 after purchasing an additional 82,030 shares during the period. 1.73% of the stock is currently owned by institutional investors and hedge funds.

Orix Corp Ads Price Performance

IX stock opened at $30.68 on Friday. The company has a quick ratio of 1.77, a current ratio of 1.81 and a debt-to-equity ratio of 1.31. The firm has a market cap of $34.97 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 0.94 and a beta of 0.73. The company’s fifty day simple moving average is $28.26 and its 200 day simple moving average is $26.05. Orix Corp Ads has a 12-month low of $17.75 and a 12-month high of $30.82.

Orix Corp Ads (NYSE:IX) last issued its earnings results on Wednesday, November 12th. The real estate investment trust reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.42. The business had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $4.87 billion. Orix Corp Ads had a return on equity of 10.30% and a net margin of 14.53%. On average, analysts expect that Orix Corp Ads will post 11.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of Orix Corp Ads in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Orix Corp Ads presently has a consensus rating of “Buy”.

Orix Corp Ads Profile

ORIX Corporation ADS (NYSE: IX) is the American depositary share listing of ORIX Corporation, a diversified financial services group headquartered in Tokyo, Japan. The company operates across multiple business lines that include leasing and lending, real estate, investment and asset management, and a range of retail and corporate financial services. ORIX’s ADS program allows U.S. investors to access ownership in the Tokyo-based group through shares traded on the New York Stock Exchange.

Core activities include equipment leasing and installment financing for corporate customers, corporate lending and structured finance, and real estate development and property management.