Orix Corp Ads (NYSE:IX) Sets New 1-Year High – What’s Next?

Orix Corp Ads (NYSE:IX)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $41.61 and last traded at $41.49, with a volume of 3965 shares. The stock had previously closed at $40.24.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Zacks Research lowered shares of Orix Corp Ads from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Wall Street Zen downgraded shares of Orix Corp Ads from a “buy” rating to a “hold” rating in a research note on Sunday, June 7th. Finally, Weiss Ratings raised Orix Corp Ads from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 29th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Orix Corp Ads Trading Up 0.0%

The company has a debt-to-equity ratio of 1.30, a current ratio of 1.77 and a quick ratio of 1.73. The business’s 50 day moving average price is $39.42 and its 200-day moving average price is $35.17. The firm has a market capitalization of $45.87 billion, a price-to-earnings ratio of 15.48, a price-to-earnings-growth ratio of 0.89 and a beta of 0.88.

Orix Corp Ads (NYSE:IX) last announced its quarterly earnings data on Tuesday, June 30th. The real estate investment trust reported $1.57 earnings per share for the quarter. Orix Corp Ads had a return on equity of 9.93% and a net margin of 13.55%.The firm had revenue of $7.06 billion for the quarter. Equities analysts forecast that Orix Corp Ads will post 4.59 EPS for the current fiscal year.

Institutional Trading of Orix Corp Ads

Several hedge funds and other institutional investors have recently made changes to their positions in IX. Atlas Capital Advisors Inc. acquired a new position in Orix Corp Ads during the fourth quarter worth about $28,000. V Square Quantitative Management LLC acquired a new stake in shares of Orix Corp Ads during the 4th quarter valued at approximately $34,000. Kestra Advisory Services LLC purchased a new stake in shares of Orix Corp Ads during the 4th quarter worth approximately $35,000. Geneos Wealth Management Inc. grew its holdings in shares of Orix Corp Ads by 4,325.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,080 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 2,033 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in Orix Corp Ads by 56.5% in the 4th quarter. Farther Finance Advisors LLC now owns 3,212 shares of the real estate investment trust’s stock valued at $94,000 after purchasing an additional 1,160 shares in the last quarter. Institutional investors and hedge funds own 1.73% of the company’s stock.

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.