Orix Corp Ads (NYSE:IX) Hits New 52-Week High – Here’s What Happened

Orix Corp Ads (NYSE:IX)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $38.56 and last traded at $38.6290, with a volume of 67977 shares changing hands. The stock had previously closed at $37.22.

Wall Street Analyst Weigh In

Several research firms have recently commented on IX. Wall Street Zen cut Orix Corp Ads from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Orix Corp Ads in a research report on Friday, May 8th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

Orix Corp Ads Stock Down 0.5%

The company has a debt-to-equity ratio of 1.30, a current ratio of 1.76 and a quick ratio of 1.71. The stock’s fifty day simple moving average is $32.17 and its 200-day simple moving average is $30.74. The stock has a market cap of $43.39 billion, a P/E ratio of 14.63, a PEG ratio of 1.28 and a beta of 0.84.

Orix Corp Ads (NYSE:IX) last issued its earnings results on Tuesday, March 31st. The real estate investment trust reported $1.64 earnings per share (EPS) for the quarter. Orix Corp Ads had a net margin of 13.55% and a return on equity of 9.93%. The firm had revenue of $6.03 billion for the quarter. On average, research analysts anticipate that Orix Corp Ads will post 2.98 earnings per share for the current year.

Institutional Investors Weigh In On Orix Corp Ads

Large investors have recently added to or reduced their stakes in the stock. Caprock Group LLC acquired a new stake in Orix Corp Ads in the third quarter worth $659,000. Todd Asset Management LLC increased its position in Orix Corp Ads by 6.1% in the third quarter. Todd Asset Management LLC now owns 1,847,014 shares of the real estate investment trust’s stock worth $48,244,000 after buying an additional 105,837 shares during the period. CTC Alternative Strategies Ltd. acquired a new stake in Orix Corp Ads in the third quarter worth $895,000. AlphaCore Capital LLC increased its position in Orix Corp Ads by 6,402.7% in the third quarter. AlphaCore Capital LLC now owns 77,707 shares of the real estate investment trust’s stock worth $2,030,000 after buying an additional 76,512 shares during the period. Finally, Teachers Retirement System of The State of Kentucky increased its position in Orix Corp Ads by 8.3% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 1,147,000 shares of the real estate investment trust’s stock worth $29,960,000 after buying an additional 88,100 shares during the period. 1.73% of the stock is owned by institutional investors and hedge funds.

About Orix Corp Ads

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.