Zacks Investment Research upgraded shares of Orix Corp Ads (NYSE:IX) from a hold rating to a buy rating in a report released on Wednesday. The firm currently has $91.00 price objective on the real estate investment trust’s stock.

According to Zacks, “ORIX CORP-ADR is a diversified financial services institution with diverse operations in both corporate and retail finance, including: leasing, lending, rentals, life insurance, real estate financing and development, venture capital, investment and retail banking, commodities funds and securities brokerage. Their international operations include leasing, rentals, fixed income investment, aircraft and ship financing, commercial mortgage servicing and property development. “

IX has been the topic of several other research reports. BidaskClub raised shares of Orix Corp Ads from a strong sell rating to a sell rating in a research note on Wednesday, August 2nd. TheStreet raised shares of Orix Corp Ads from a c+ rating to a b rating in a research note on Thursday, June 8th.

Shares of Orix Corp Ads (NYSE:IX) opened at 80.44 on Wednesday. The company has a 50-day moving average price of $80.45 and a 200-day moving average price of $78.39. The firm has a market capitalization of $20.58 billion, a P/E ratio of 8.06 and a beta of 1.43. Orix Corp Ads has a 12-month low of $68.43 and a 12-month high of $84.07.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Proficio Capital Partners LLC increased its position in Orix Corp Ads by 3.6% in the second quarter. Proficio Capital Partners LLC now owns 1,262 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 44 shares in the last quarter. Sei Investments Co. increased its position in Orix Corp Ads by 26.1% in the second quarter. Sei Investments Co. now owns 2,213 shares of the real estate investment trust’s stock valued at $173,000 after buying an additional 458 shares in the last quarter. Conning Inc. bought a new position in Orix Corp Ads during the second quarter valued at approximately $227,000. Eagle Asset Management Inc. increased its position in Orix Corp Ads by 11.8% in the second quarter. Eagle Asset Management Inc. now owns 3,446 shares of the real estate investment trust’s stock valued at $268,000 after buying an additional 365 shares in the last quarter. Finally, ETRADE Capital Management LLC increased its position in Orix Corp Ads by 5.7% in the second quarter. ETRADE Capital Management LLC now owns 5,407 shares of the real estate investment trust’s stock valued at $421,000 after buying an additional 290 shares in the last quarter. 1.91% of the stock is currently owned by institutional investors.

Orix Corp Ads Company Profile

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